Insider Selling: Lawrance W. Mcafee Sells 5,000 Shares of U.S. Physical Therapy Stock (USPH)
U.S. Physical Therapy (NASDAQ:USPH) CFO Lawrance W. Mcafee sold 5,000 shares of the stock on the open market in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $34.55, for a total value of $172,750.00. Following the transaction, the chief financial officer now directly owns 55,852 shares in the company, valued at approximately $1,929,687. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Jefferies Group raised their price target on shares of U.S. Physical Therapy from $38.00 to $40.00 in a research note on Friday. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. U.S. Physical Therapy currently has an average rating of “Buy” and a consensus price target of $36.80.
U.S. Physical Therapy (NASDAQ:USPH) traded up 1.27% on Monday, hitting $36.71. 17,139 shares of the company’s stock traded hands. U.S. Physical Therapy has a 52-week low of $26.91 and a 52-week high of $37.25. The stock’s 50-day moving average is $34.37 and its 200-day moving average is $32.91. The company has a market cap of $449.2 million and a price-to-earnings ratio of 32.60.
U.S. Physical Therapy (NASDAQ:USPH) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.08. The company had revenue of $66.90 million for the quarter, compared to the consensus estimate of $74.25 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. On average, analysts predict that U.S. Physical Therapy will post $1.67 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Shareholders of record on Monday, August 18th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, August 14th.
U.S. Physical Therapy, Inc, through its subsidiaries, operates outpatient physical and occupational therapy clinics that provide pre- and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers and neurological-related injuries.
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