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

Concentra Group Holdings Parent, Inc. (NYSE:CON) declared a quarterly dividend on Thursday, May 8th, Wall Street Journal reports. Shareholders of record on Tuesday, May 20th will be given a dividend of 0.0625 per share on Thursday, May 29th. This represents a $0.25 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Tuesday, May 20th.

Concentra Group Holdings Parent Price Performance

NYSE CON opened at $22.68 on Friday. The stock has a market capitalization of $2.89 billion and a P/E ratio of 16.92. Concentra Group Holdings Parent has a 1 year low of $18.89 and a 1 year high of $24.81. The business’s fifty day moving average is $21.18 and its two-hundred day moving average is $21.35. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52.

Concentra Group Holdings Parent (NYSE:CON) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. The company had revenue of $500.80 million during the quarter, compared to the consensus estimate of $496.06 million. Concentra Group Holdings Parent’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 EPS. On average, research analysts forecast that Concentra Group Holdings Parent will post 1.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wells Fargo & Company dropped their price target on Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Bank of America boosted their target price on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. boosted their target price on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, March 19th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $30.00 target price on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $28.50.

Institutional Trading of Concentra Group Holdings Parent

Large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its stake in Concentra Group Holdings Parent by 48.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,329,498 shares of the company’s stock valued at $28,850,000 after purchasing an additional 434,503 shares during the period. Royal Bank of Canada increased its stake in shares of Concentra Group Holdings Parent by 7.6% in the first quarter. Royal Bank of Canada now owns 81,441 shares of the company’s stock worth $1,767,000 after acquiring an additional 5,754 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Concentra Group Holdings Parent by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,515 shares of the company’s stock worth $1,422,000 after acquiring an additional 2,873 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new position in shares of Concentra Group Holdings Parent in the first quarter worth $293,000.

Concentra Group Holdings Parent Company Profile

Concentra Group Holdings Parent, Inc provides occupational health services in the United States. The company offers occupational and consumer health services, including workers’ compensation injury care, urgent care, clinical testing, preventative care, and employer services, as well as wellness programs through occupational health centers and onsite clinics.