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

Key Points

• Concentra Group Holdings Parent declared a quarterly dividend of $0.0625 per share, payable August 28 to shareholders of record as of August 20. The dividend implies an annualized yield of approximately 0.8%.
• The company reported quarterly EPS of $0.52, beating estimates of $0.42, while revenue reached $606.03 million and increased 10% year over year.
• Analyst sentiment remains positive, with seven Buy ratings and one Hold rating; the stock has a “Moderate Buy” consensus and an average price target of $31.40.

Concentra Group Holdings Parent, Inc. (NYSE:CON - Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Thursday, August 20th will be given a dividend of 0.0625 per share on Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, August 20th.

Concentra Group Holdings Parent Stock Down 0.9%

Shares of NYSE:CON opened at $30.48 on Friday. Concentra Group Holdings Parent has a 52-week low of $18.55 and a 52-week high of $32.86. The company has a market capitalization of $3.90 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 1.40 and a beta of 0.62. The company has a debt-to-equity ratio of 3.62, a quick ratio of 1.26 and a current ratio of 1.26. The company has a fifty day moving average of $29.62 and a 200-day moving average of $25.36.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.10. The company had revenue of $606.03 million for the quarter, compared to the consensus estimate of $591.75 million. Concentra Group Holdings Parent had a return on equity of 47.14% and a net margin of 7.97%.Concentra Group Holdings Parent's revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the business posted $0.37 EPS. On average, equities analysts predict that Concentra Group Holdings Parent will post 1.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Truist Financial upped their price target on shares of Concentra Group Holdings Parent from $31.00 to $37.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. Weiss Ratings raised Concentra Group Holdings Parent from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, May 11th. The Goldman Sachs Group started coverage on shares of Concentra Group Holdings Parent in a research report on Friday, June 5th. They issued a "buy" rating and a $30.00 price target for the company. Finally, William Blair began coverage on shares of Concentra Group Holdings Parent in a research note on Wednesday, July 1st. They set an "outperform" rating for the company. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $31.40.

Concentra Group Holdings Parent Company Profile

Concentra Group Holdings Parent NYSE: CON is a Canada-based financial services holding company that specializes in serving Canadian credit unions and their members. Through its operating subsidiaries, the group provides wholesale funding, lending solutions and investment management services tailored to the unique needs of cooperative financial institutions. Concentra’s broad suite of offerings includes trust and custody services, mortgage investment products and equipment financing, all designed to support credit-union growth and stability.

In addition to wholesale funding and lending, Concentra Group Holdings Parent distributes life and general insurance products through affiliated insurance brokers and credit-union channels.

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