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

Concentra Group Holdings Parent, Inc. (NYSE:CON) declared a quarterly dividend on Thursday, May 7th. Investors of record on Tuesday, May 19th will be paid a dividend of 0.0625 per share on Tuesday, June 9th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, May 19th.

Concentra Group Holdings Parent Stock Performance

CON opened at $23.70 on Friday. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 1.17 and a beta of 0.72. The company has a fifty day moving average of $22.41 and a 200 day moving average of $21.37. Concentra Group Holdings Parent has a fifty-two week low of $18.55 and a fifty-two week high of $24.68. The company has a debt-to-equity ratio of 3.90, a quick ratio of 1.14 and a current ratio of 1.14.

Concentra Group Holdings Parent (NYSE:CON) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. Concentra Group Holdings Parent had a net margin of 7.69% and a return on equity of 48.46%. The business had revenue of $569.56 million for the quarter, compared to analysts’ expectations of $553.53 million. During the same quarter in the previous year, the company earned $0.32 EPS. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Concentra Group Holdings Parent will post 1.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CON shares. Wells Fargo & Company boosted their target price on Concentra Group Holdings Parent from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Thursday, March 5th. Royal Bank Of Canada increased their price target on Concentra Group Holdings Parent from $30.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday, February 2nd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

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.