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

Concentra Group Holdings Parent, Inc. (NYSE:CONGet Free Report) declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Thursday, August 20th will be paid a dividend of 0.0625 per share on Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 20th.

Concentra Group Holdings Parent Trading Down 0.9%

Shares of CON opened at $30.48 on Friday. The business has a 50-day moving average of $29.62 and a 200 day moving average of $25.36. Concentra Group Holdings Parent has a fifty-two week low of $18.55 and a fifty-two week high of $32.86. The firm has a market cap of $3.90 billion, a P/E ratio of 21.93, a price-to-earnings-growth ratio of 1.40 and a beta of 0.62. The company has a debt-to-equity ratio of 3.62, a quick ratio of 1.26 and a current ratio of 1.26.

Concentra Group Holdings Parent (NYSE:CONGet Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.10. Concentra Group Holdings Parent had a net margin of 7.97% and a return on equity of 47.14%. The firm had revenue of $606.03 million during the quarter, compared to analyst estimates of $591.75 million. During the same quarter last year, the business earned $0.37 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, research analysts forecast that Concentra Group Holdings Parent will post 1.52 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CON. The Goldman Sachs Group began coverage on Concentra Group Holdings Parent in a research note on Friday, June 5th. They set a “buy” rating and a $30.00 price objective for the company. Weiss Ratings raised Concentra Group Holdings Parent from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Truist Financial upped their price objective on shares of Concentra Group Holdings Parent from $31.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, William Blair assumed coverage on shares of Concentra Group Holdings Parent in a research report on Wednesday, July 1st. They set an “outperform” rating on the stock. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Concentra Group Holdings Parent currently has an average rating of “Moderate Buy” and a consensus target price of $31.40.

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About Concentra Group Holdings Parent

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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.

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Dividend History for Concentra Group Holdings Parent (NYSE:CON)

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