Analysts Anticipate Universal Health Services, Inc. (UHS) Will Announce Earnings of $2.07 Per Share
Analysts expect Universal Health Services, Inc. (NYSE:UHS) to post $2.07 earnings per share (EPS) for the current quarter, Zacks reports. Seven analysts have issued estimates for Universal Health Services’ earnings. The lowest EPS estimate is $2.02 and the highest is $2.15. Universal Health Services posted earnings per share of $1.94 during the same quarter last year, which suggests a positive year over year growth rate of 6.7%. The business is expected to report its next earnings results on Tuesday, July 25th.
On average, analysts expect that Universal Health Services will report full-year earnings of $7.99 per share for the current fiscal year, with EPS estimates ranging from $7.76 to $8.10. For the next fiscal year, analysts forecast that the company will report earnings of $8.67 per share, with EPS estimates ranging from $8.45 to $8.85. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Universal Health Services.
Universal Health Services (NYSE:UHS) last released its earnings results on Tuesday, April 25th. The health services provider reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.03. Universal Health Services had a return on equity of 16.35% and a net margin of 7.31%. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter last year, the company earned $1.98 earnings per share. Universal Health Services’s quarterly revenue was up 6.7% compared to the same quarter last year.
Several analysts have recently weighed in on the company. Mizuho upped their price objective on Universal Health Services from $115.00 to $133.00 and gave the company a “neutral” rating in a report on Monday, February 27th. Piper Jaffray Companies upgraded Universal Health Services from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $119.00 to $147.00 in a report on Monday, March 6th. Deutsche Bank AG assumed coverage on Universal Health Services in a report on Tuesday, April 4th. They issued a “buy” rating and a $145.00 price objective for the company. Zacks Investment Research lowered Universal Health Services from a “buy” rating to a “hold” rating in a report on Tuesday, February 21st. Finally, Royal Bank of Canada cut their price objective on Universal Health Services from $157.00 to $153.00 and set an “outperform” rating for the company in a report on Thursday, April 27th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Universal Health Services currently has an average rating of “Buy” and a consensus target price of $141.40.
Universal Health Services (NYSE:UHS) traded down 2.545% during midday trading on Wednesday, reaching $115.815. The company’s stock had a trading volume of 945,061 shares. Universal Health Services has a 1-year low of $99.72 and a 1-year high of $139.46. The company has a market capitalization of $11.20 billion, a price-to-earnings ratio of 15.807 and a beta of 1.10. The company’s 50-day moving average price is $121.36 and its 200-day moving average price is $118.50.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.34%. The ex-dividend date is Tuesday, May 30th. Universal Health Services’s dividend payout ratio is 5.63%.
In other news, insider Steve Filton sold 10,000 shares of the company’s stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $123.80, for a total transaction of $1,238,000.00. Following the completion of the sale, the insider now directly owns 257,492 shares of the company’s stock, valued at $31,877,509.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 12.80% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Creative Planning increased its stake in shares of Universal Health Services by 1.5% in the first quarter. Creative Planning now owns 1,125 shares of the health services provider’s stock valued at $140,000 after buying an additional 17 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Universal Health Services by 3.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,211 shares of the health services provider’s stock valued at $141,000 after buying an additional 38 shares in the last quarter. BOKF NA bought a new stake in shares of Universal Health Services during the third quarter valued at approximately $202,000. Intrust Bank NA bought a new stake in shares of Universal Health Services during the first quarter valued at approximately $202,000. Finally, Stratos Wealth Partners LTD. acquired a new position in Universal Health Services during the first quarter valued at $202,000. 84.63% of the stock is owned by institutional investors and hedge funds.
About Universal Health Services
Universal Health Services, Inc is a holding company. The Company’s principal business is owning and operating, through its subsidiaries, acute care hospitals and outpatient facilities, and behavioral healthcare facilities. The Company’s segments include Acute Care Hospital Services, Behavioral Health Services and Other.
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