Concentra Group Holdings Parent (NYSE:CON) Releases Earnings Results, Beats Estimates By $0.01 EPS

Concentra Group Holdings Parent (NYSE:CON) posted its quarterly earnings results on Thursday. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01, Briefing.com reports. The business had revenue of $489.64 million for the quarter, compared to analyst estimates of $492.61 million. Concentra Group Holdings Parent’s revenue for the quarter was up 3.3% compared to the same quarter last year. Concentra Group Holdings Parent updated its FY 2024 guidance to EPS.

Concentra Group Holdings Parent Price Performance

Shares of NYSE CON traded down $0.19 during trading hours on Friday, hitting $20.08. 375,628 shares of the company’s stock were exchanged, compared to its average volume of 457,429. The firm has a 50-day moving average of $22.14. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.21 and a current ratio of 1.21. Concentra Group Holdings Parent has a 1-year low of $18.89 and a 1-year high of $24.81.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CON shares. JPMorgan Chase & Co. began coverage on Concentra Group Holdings Parent in a research note on Monday, August 19th. They set an “overweight” rating and a $29.00 target price on the stock. Wells Fargo & Company initiated coverage on shares of Concentra Group Holdings Parent in a research note on Monday, August 19th. They set an “overweight” rating and a $27.00 target price for the company. Royal Bank of Canada initiated coverage on shares of Concentra Group Holdings Parent in a research note on Tuesday, August 20th. They issued an “outperform” rating and a $33.00 price target on the stock. Truist Financial began coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They set a “buy” rating and a $29.00 price objective for the company. Finally, Mizuho started coverage on Concentra Group Holdings Parent in a research note on Monday, August 19th. They issued an “outperform” rating and a $28.00 target price on the stock. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $28.88.

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.