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

Key Points

• Concentra Group Holdings Parent, Inc. has declared a quarterly dividend of $0.06 per share to be paid on August 28th, representing an annualized yield of 1.2%.
• The company reported earnings of $0.37 per share for the last quarter, meeting expectations, with revenue increasing by 15.2% year-over-year to $550.80 million.
• Market performance shows that CON stock traded at $21.60, with a market capitalization of $2.77 billion and a current PE ratio of 16.12.

Concentra Group Holdings Parent, Inc. (NYSE:CON - Get Free Report) announced a quarterly dividend on Friday, August 8th, Wall Street Journal reports. Stockholders of record on Thursday, August 21st will be given a dividend of 0.0625 per share on Thursday, August 28th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, August 21st.

Concentra Group Holdings Parent Stock Up 2.1%

Shares of Concentra Group Holdings Parent stock traded up $0.46 during trading on Tuesday, hitting $21.94. 118,411 shares of the stock were exchanged, compared to its average volume of 768,519. The stock has a market cap of $2.81 billion and a price-to-earnings ratio of 18.45. The firm's 50-day moving average price is $20.63 and its 200 day moving average price is $21.41. Concentra Group Holdings Parent has a 12-month low of $18.89 and a 12-month high of $24.81. The company has a debt-to-equity ratio of 4.75, a current ratio of 1.18 and a quick ratio of 1.18.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. The business had revenue of $550.80 million during the quarter, compared to analysts' expectations of $537.36 million. Concentra Group Holdings Parent had a net margin of 7.44% and a return on equity of 50.84%. The company's revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 EPS. As a group, analysts forecast that Concentra Group Holdings Parent will post 1.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Concentra Group Holdings Parent

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in Concentra Group Holdings Parent by 131.0% in the first quarter. GAMMA Investing LLC now owns 7,419 shares of the company's stock valued at $161,000 after acquiring an additional 4,208 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Concentra Group Holdings Parent by 19.3% in the first quarter. Nisa Investment Advisors LLC now owns 3,574 shares of the company's stock valued at $78,000 after acquiring an additional 577 shares in the last quarter. D. E. Shaw & Co. Inc. acquired a new position in Concentra Group Holdings Parent in the fourth quarter valued at $279,000. Envestnet Asset Management Inc. boosted its stake in Concentra Group Holdings Parent by 13.2% in the first quarter. Envestnet Asset Management Inc. now owns 132,471 shares of the company's stock valued at $2,875,000 after acquiring an additional 15,493 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Concentra Group Holdings Parent in the first quarter valued at $966,000.

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.