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Concord Medical Services Holdings Ranks the Highest in Terms of Forward Earnings Yield in the Health Care Services Industry (CCM, GTIV, OCR)

Published on Thu, 03/21/2013 - 10:30
By Robert Cotter

Below are the three companies in the Health Care Services industry with the highest forward earnings yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the higher the earnings yield, the more undervalued the stock.

Concord Medical Services Holdings (NYSE:CCM) is highest with forward earnings yield of 11.1%. Concord Medical Services Holdings Limited operates a network of radiotherapy and diagnostic imaging centers in China. The Company locates its imaging centers in hospitals through long-term lease and management service arrangements.

Concord Medical Services Holdings share prices have moved between a 52-week high of $5.09 and a 52-week low of $2.54 and are now trading 68% above that low price at $4.27 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.4%.

Gentiva Health Services (NASDAQ:GTIV) is next with forward earnings yield of 10.8%.

Finishing up the top three is Omnicare (NYSE:OCR), with forward earnings yield of 9.1%.

By Robert Cotter