Select Medical Holdings Co. Declares Quarterly Dividend of $0.13 (NYSE:SEM)

Select Medical Holdings Co. (NYSE:SEM) declared a quarterly dividend on Wednesday, July 31st, Wall Street Journal reports. Investors of record on Wednesday, August 14th will be given a dividend of 0.125 per share by the health services provider on Friday, August 30th. This represents a $0.50 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Wednesday, August 14th.

Select Medical has a dividend payout ratio of 25.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Select Medical to earn $2.36 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 21.2%.

Select Medical Stock Up 0.1 %

Shares of NYSE SEM traded up $0.02 during trading on Tuesday, reaching $32.71. 23,292 shares of the stock were exchanged, compared to its average volume of 627,196. The company has a market capitalization of $4.25 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 1.50 and a beta of 1.43. The business’s 50-day moving average price is $35.67 and its 200 day moving average price is $31.42. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.11. Select Medical has a twelve month low of $21.28 and a twelve month high of $40.50.

Select Medical (NYSE:SEM) last issued its quarterly earnings data on Thursday, August 1st. The health services provider reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.01). The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.74 billion. Select Medical had a return on equity of 17.50% and a net margin of 3.91%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 EPS. As a group, equities analysts forecast that Select Medical will post 2.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Benchmark restated a “buy” rating and issued a $48.00 target price on shares of Select Medical in a research note on Friday, August 2nd. Royal Bank of Canada increased their target price on shares of Select Medical from $36.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, May 6th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

Select Medical Company Profile

Select Medical Holdings Corporation, through its subsidiaries, operates critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and occupational health centers in the United States. It operates in four segments: Critical Illness Recovery Hospital, Rehabilitation Hospital, Outpatient Rehabilitation, and Concentra.