3-May-2024
Benchmark Co. Keeps Their Buy Rating on Select Medical (SEM)
TipRanks (Fri, 3-May 7:38 AM ET)
Buy Rating for Select Medical Supported by Margin Growth and Strong Segment Performance
TipRanks (Fri, 3-May 6:17 AM ET)
Select Medical declares $0.125 dividend
Seeking Alpha News (Thu, 2-May 5:27 PM ET)
Select Medical Non-GAAP EPS of $0.77 beats by $0.20, revenue of $1.78B beats by $40M
Seeking Alpha News (Thu, 2-May 4:42 PM ET)
PRNewswire (Thu, 2-May 4:30 PM ET)
Select Medical Holdings Corporation to Announce First Quarter 2024 Results on Thursday, May 2, 2024
PRNewswire (Sat, 6-Apr 1:05 AM ET)
PRNewswire (Mon, 1-Apr 8:15 AM ET)
PRNewswire (Mon, 18-Mar 8:00 AM ET)
PRNewswire (Tue, 27-Feb 6:16 PM ET)
PRNewswire (Thu, 22-Feb 4:30 PM ET)
Select Medical Holdings Corp is a healthcare company that operates through four main segments: critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and Concentra institutions. Critical illness recovery hospitals and rehabilitation centres are designed for patients requiring extended recovery time with medical services. These two sectors combined compose roughly half of the total revenue and include over 103 critical illness recovery hospitals and inpatient rehab facilities. The outpatient rehabilitation segment includes over 1,928 rehabilitation clinics. The Concentra segment includes over 540 occupational health centers and 147 onsite clinics. The company is headquartered in Pennsylvania, and it operates across the United States.
Select Medical Hldgs trades on the NYSE stock market under the symbol SEM.
As of May 3, 2024, SEM stock price climbed to $31.43 with 1,914,131 million shares trading.
SEM has a beta of 0.62, meaning it tends to be less sensitive to market movements. SEM has a correlation of 0.05 to the broad based SPY ETF.
SEM has a market cap of $4.03 billion. This is considered a Mid Cap stock.
Last quarter Select Medical Hldgs reported $2 billion in Revenue and $.77 earnings per share. This beat revenue expectation by $50 million and exceeded earnings estimates by $.20.
In the last 3 years, SEM stock traded as high as $43.60 and as low as $18.86.
The top ETF exchange traded funds that SEM belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.
SEM stock has underperformed the market in the last year with a return of +8.8%, while SPY returned +27.0%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in SEM shares. However, SEM has outperformed the market in the last 3 month and 2 week periods, returning +19.5% and +16.1%, while SPY returned +3.7% and +3.3%, respectively. This indicates SEM has been having a stronger performance recently.
SEM support price is $27.90 and resistance is $29.00 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SEM stock will trade within this expected range on the day.