Select Medical Holdings Corporation [NYSE: SEM] price plunged by -0.37 percent to reach at -$0.07. The company report on July 30, 2020 that Select Medical Holdings Corporation Announces Results For Its Second Quarter Ended June 30, 2020.
Select Medical Holdings Corporation (“Select Medical,” “we,” “us,” or “our”) (NYSE: SEM) today announced results for its second quarter ended June 30, 2020.
For the second quarter ended June 30, 2020, net operating revenues were $1,232.7 million , compared to $1,361.4 million for the same quarter, prior year. Income from operations was $119.5 million for the second quarter ended June 30, 2020, compared to $124 .9 million for the same quarter, prior year. For the second quarter ended June 30, 2020, income from operations included other operating income of $55.0 million related to the recognition of payments received under the Public Health and Social Services Emergency Fund, also referred to as the Provider Relief Fund, for loss of revenue and health care related expenses attributable to the coronavirus disease 2019 (“COVID-19”). Net income increased 12.5% to $67.5 million for the second quarter ended June 30, 2020, compared to $60.0 million for the same quarter, prior year. Net income included a pre-tax gain on sale of businesses of $0.3 million for the second quarter ended June 30, 2020. Adjusted EBITDA was $178.8 million for the second quarter ended June 30, 2020, compared to $186.2 million for the same quarter, prior year. Earnings per common share was $0.39 on a fully diluted basis for the second quarter ended June 30, 2020, compared to $0.33 for the same quarter, prior year. Adjusted earnings per common share was $0.38 on a fully diluted basis for the second quarter ended June 30, 2020, compared to $0.33 for the same quarter, prior year. Adjusted earnings per common share excludes the gain on sale of businesses and its related tax effects for the second quarter ended June 30, 2020. The definition of Adjusted EBITDA and a reconciliation of net income to Adjusted EBITDA are presented in table IX of this release. A reconciliation of earnings per common share to adjusted earnings per common share is presented in table X of this release.
A sum of 1014124 shares traded at recent session while its average daily volume was at 840.41K shares. Select Medical Holdings Corporation shares reached a high of $19.32 and dropped to a low of $18.41 until finishing in the latest session at $18.97.
The one-year SEM stock forecast points to a potential upside of 12.18. The average equity rating for SEM stock is currently 2.60, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Select Medical Holdings Corporation [SEM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SEM shares is $21.60 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SEM stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA/Merrill have made an estimate for Select Medical Holdings Corporation shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on June 16, 2020. While these analysts kept the previous recommendation, Deutsche Bank raised their target price to Buy. The new note on the price target was released on September 17, 2019, representing the official price target for Select Medical Holdings Corporation stock. Previously, the target price had yet another raise to $18, while JMP Securities analysts kept a Mkt Outperform rating on SEM stock.
The Average True Range (ATR) for Select Medical Holdings Corporation is set at 0.95, with the Price to Sales ratio for SEM stock in the period of the last 12 months amounting to 0.40. The Price to Book ratio for the last quarter was 3.04, with the Price to Cash per share for the same quarter was set at 0.62. Price to Free Cash Flow for SEM in the course of the last twelve months was 7.78 with Quick ratio for the last quarter at 1.20.
SEM Stock Performance Analysis:
Select Medical Holdings Corporation [SEM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.80. With this latest performance, SEM shares gained by 31.28% in over the last four-week period, additionally sinking by -18.16% over the last 6 months – not to mention a rise of 20.22% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SEM stock in for the last two-week period is set at 71.88, with the RSI for the last a single of trading hit 81.12, and the three-weeks RSI is set at 67.06 for Select Medical Holdings Corporation [SEM]. The present Moving Average for the last 50 days of trading for this stock 15.62, while it was recorded at 17.56 for the last single week of trading, and 18.88 for the last 200 days.
Insight into Select Medical Holdings Corporation Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Select Medical Holdings Corporation [SEM] shares currently have an operating margin of +8.65 and a Gross Margin at +11.01. Select Medical Holdings Corporation’s Net Margin is presently recorded at +2.63.
Return on Total Capital for SEM is now 8.26, given the latest momentum, and Return on Invested Capital for the company is 3.15. Return on Equity for this stock inclined to 18.23, with Return on Assets sitting at 2.16. When it comes to the capital structure of this company, Select Medical Holdings Corporation [SEM] has a Total Debt to Total Equity ratio set at 584.45. Additionally, SEM Total Debt to Total Capital is recorded at 85.39, with Total Debt to Total Assets ending up at 61.39. Long-Term Debt to Equity for the company is recorded at 554.21, with the Long-Term Debt to Total Capital now at 80.97.
Reflecting on the efficiency of the workforce at the company, Select Medical Holdings Corporation [SEM] managed to generate an average of $2,875 per employee. Receivables Turnover for the company is 7.39 with a Total Asset Turnover recorded at a value of 0.82.Select Medical Holdings Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.
SEM Stock EPS
With the latest financial reports released by the company, Select Medical Holdings Corporation posted 0.33/share EPS, while the average EPS was predicted by analysts to be reported at 0.21/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 57.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SEM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Select Medical Holdings Corporation go to 12.12%.
Select Medical Holdings Corporation [SEM] Insider Position Details
There are presently around $1,977 million, or 78.70% of SEM stock, in the hands of institutional investors. The top three institutional holders of SEM stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 20,154,894, which is approximately -9.849% of the company’s market cap and around 6.50% of the total institutional ownership; BLACKROCK INC., holding 17,094,351 shares of the stock with an approximate value of $324.28 million in SEM stocks shares; and VANGUARD GROUP INC, currently with $227.83 million in SEM stock with ownership of nearly 3.384% of the company’s market capitalization.
Positions in Select Medical Holdings Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 132 institutional holders increased their position in Select Medical Holdings Corporation [NYSE:SEM] by around 8,463,736 shares. Additionally, 99 investors decreased positions by around 7,764,795 shares, while 32 investors held positions by with 87,994,353 shares. The mentioned changes placed institutional holdings at 104,222,884 shares, according to the latest SEC report filing. SEM stock had 45 new institutional investments in for a total of 1,754,376 shares, while 36 institutional investors sold positions of 1,902,091 shares during the same period.