Select Medical Holdings Corporation (SEM) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Select Medical Holdings Corporation (SEM) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $0.23 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.24. The company posted revenue of $1097.60 million in the period, compared to analysts expectations of $1097.02 million. The company’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

Many Wall Street Analysts have commented on Select Medical Holdings Corporation. Company shares were Reiterated by UBS on May 9, 2016 to “Reduce”, Firm has raised the Price Target to $ 11 from a previous price target of $8 .

Select Medical Holdings Corporation closed down -0.38 points or -3.37% at $10.89 with 6,12,685 shares getting traded on Tusday. Post opening the session at $11.2, the shares hit an intraday low of $10.84 and an intraday high of $11.38 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on May 24, 2016, James E Jr Dalton (director) sold 12,000 shares at $12.37 per share price. According to the SEC, on Sep 10, 2015, William H. Frist (director) purchased 8,100 shares at $12.32 per share price. On Aug 11, 2015, Michael E Tarvin (Executive Vice President) sold 22,000 shares at $14.75 per share price, according to the Form-4 filing with the securities and exchange commission.

Select Medical Holdings Corporation is an operator of both specialty hospitals and outpatient rehabilitation clinics in the United States based on number of facilities. The Company operates in two business segments: specialty hospital segment and outpatient rehabilitation segment. The Company specialty hospital segment consists of hospitals designed to serve the needs of long term stay acute care patients and hospitals designed to serve patients who require intensive inpatient medical rehabilitation care. The Company outpatient rehabilitation segment consists of clinics and contract therapy locations that provide physical occupational and speech rehabilitation services. The Company also provides medical rehabilitation services on a contract basis at nursing homes hospitals assisted living and senior care centers schools and worksites. As of December 31 2014 the Company had operations in 41 states and the District of Columbia.

Select Medical Holdings Corporation

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