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

Select Medical Holdings Co. (NYSE:SEM) declared a quarterly dividend on Wednesday, October 30th,NASDAQ Dividends reports. Shareholders of record on Wednesday, November 13th will be paid a dividend of 0.125 per share by the health services provider on Tuesday, November 26th. This represents a $0.50 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Wednesday, November 13th.

Select Medical has a dividend payout ratio of 22.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Select Medical to earn $2.19 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 22.8%.

Select Medical Stock Performance

Shares of SEM stock opened at $39.27 on Monday. The company has a market capitalization of $5.08 billion, a P/E ratio of 18.35, a P/E/G ratio of 2.04 and a beta of 1.42. The business’s 50 day moving average is $34.48 and its two-hundred day moving average is $34.44. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.37. Select Medical has a 12-month low of $21.56 and a 12-month high of $40.50.

Select Medical (NYSE:SEM) last issued its quarterly earnings results on Thursday, October 31st. The health services provider reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.74 billion. Select Medical had a return on equity of 15.99% and a net margin of 3.97%. Select Medical’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.46 earnings per share. Analysts expect that Select Medical will post 2.16 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on SEM. Royal Bank of Canada increased their target price on Select Medical from $40.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, November 4th. StockNews.com cut Select Medical from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Benchmark reissued a “buy” rating and set a $48.00 target price on shares of Select Medical in a research note on Friday, November 1st. Finally, Bank of America started coverage on Select Medical in a research report on Tuesday, August 20th. They set a “buy” rating and a $42.00 price target for the company. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.75.

About Select Medical

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.