Concentra Group Holdings Parent (NYSE:CON) Issues Quarterly Earnings Results

Concentra Group Holdings Parent (NYSE:CON) announced its quarterly earnings data on Thursday. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02, FiscalAI reports. Concentra Group Holdings Parent had a net margin of 7.44% and a return on equity of 50.84%. The business had revenue of $572.80 million during the quarter, compared to the consensus estimate of $563.08 million. During the same period in the previous year, the business earned $0.37 earnings per share. The company’s revenue was up 17.0% on a year-over-year basis. Concentra Group Holdings Parent updated its FY 2025 guidance to EPS.

Concentra Group Holdings Parent Price Performance

Shares of NYSE CON traded down $0.51 during midday trading on Thursday, reaching $18.63. 1,801,564 shares of the company were exchanged, compared to its average volume of 811,695. The stock’s 50-day moving average price is $21.02 and its 200-day moving average price is $21.19. The stock has a market cap of $2.39 billion, a P/E ratio of 15.66, a PEG ratio of 1.97 and a beta of 0.74. Concentra Group Holdings Parent has a one year low of $18.55 and a one year high of $24.32. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 4.75.

Institutional Trading of Concentra Group Holdings Parent

A number of hedge funds and other institutional investors have recently modified their holdings of CON. Gamco Investors INC. ET AL bought a new stake in shares of Concentra Group Holdings Parent in the second quarter worth $627,000. Baird Financial Group Inc. grew its stake in shares of Concentra Group Holdings Parent by 16.7% in the second quarter. Baird Financial Group Inc. now owns 22,356 shares of the company’s stock worth $460,000 after purchasing an additional 3,206 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Concentra Group Holdings Parent by 13.3% in the second quarter. Hsbc Holdings PLC now owns 22,163 shares of the company’s stock worth $459,000 after purchasing an additional 2,600 shares during the last quarter. Creative Planning grew its stake in shares of Concentra Group Holdings Parent by 25.9% in the second quarter. Creative Planning now owns 21,159 shares of the company’s stock worth $435,000 after purchasing an additional 4,352 shares during the last quarter. Finally, Jump Financial LLC grew its stake in shares of Concentra Group Holdings Parent by 56.8% in the second quarter. Jump Financial LLC now owns 14,741 shares of the company’s stock worth $303,000 after purchasing an additional 5,341 shares during the last quarter.

Analyst Ratings Changes

Several research analysts have commented on CON shares. JPMorgan Chase & Co. started coverage on shares of Concentra Group Holdings Parent in a research report on Thursday, September 18th. They set an “overweight” rating and a $31.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of Concentra Group Holdings Parent in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Concentra Group Holdings Parent has a consensus rating of “Moderate Buy” and a consensus price target of $27.75.

About Concentra Group Holdings Parent

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.