Concentra Group Holdings Parent, Inc. (NYSE:CON) Shareholders to Receive $0.06 Quarterly Dividend

Concentra Group Holdings Parent, Inc. (NYSE:CON) announced a quarterly dividend on Wednesday, November 4th. Investors of record on Thursday, November 19th will be paid a dividend of $0.0625 per share on Friday, December 4th. This represents a $0.25 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, November 19th.

Concentra Group Holdings Parent Stock Down 3.4%

Shares of NYSE CON opened at $42.06 on Friday. Concentra Group Holdings Parent has a 52 week low of $18.55 and a 52 week high of $44.22. The business has a 50-day simple moving average of $36.86 and a two-hundred day simple moving average of $28.89. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 3.22. The company has a market cap of $5.36 billion, a P/E ratio of 27.14, a P/E/G ratio of 1.58 and a beta of 0.51.

Concentra Group Holdings Parent (NYSE:CON) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.08. Concentra Group Holdings Parent had a return on equity of 47.81% and a net margin of 8.69%. The firm had revenue of $622.12 million for the quarter, compared to analysts’ expectations of $605.52 million. During the same period in the prior year, the business posted $0.39 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. Research analysts anticipate that Concentra Group Holdings Parent will post 1.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Stephens assumed coverage on shares of Concentra Group Holdings Parent in a research note on Tuesday, October 20th. They set an “overweight” rating and a $45.00 price objective for the company. Weiss Ratings raised shares of Concentra Group Holdings Parent from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, October 23rd. Royal Bank Of Canada increased their target price on shares of Concentra Group Holdings Parent from $36.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Truist Financial raised their price target on shares of Concentra Group Holdings Parent from $37.00 to $42.00 and gave the company a “buy” rating in a report on Monday, August 10th. Finally, Wells Fargo & Company boosted their price target on shares of Concentra Group Holdings Parent from $28.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $41.29.

About Concentra Group Holdings Parent

Concentra Group Holdings Parent, Inc is the parent company of Concentra, a provider of occupational health services in the United States. The company primarily serves employers, workers and insurers through a nationwide network of medical centers and employer-based clinics.

Concentra’s services include workplace injury care, workers’ compensation treatment, physical examinations, drug and alcohol testing, vaccinations, physical therapy, urgent care and other occupational medicine programs.