$2.64 Billion in Sales Expected for Universal Health Services, Inc. (UHS) This Quarter
Equities research analysts expect that Universal Health Services, Inc. (NYSE:UHS) will report $2.64 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Universal Health Services’ earnings. The lowest sales estimate is $2.6 billion and the highest is $2.66 billion. Universal Health Services posted sales of $2.43 billion during the same quarter last year, which suggests a positive year over year growth rate of 8.6%. The company is expected to announce its next earnings report on Tuesday, July 25th.
According to Zacks, analysts expect that Universal Health Services will report full year sales of $2.64 billion for the current fiscal year, with estimates ranging from $10.47 billion to $10.69 billion. For the next year, analysts forecast that the company will post sales of $11.19 billion per share, with estimates ranging from $11.01 billion to $11.55 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Universal Health Services.
Universal Health Services (NYSE:UHS) last announced its quarterly earnings data on Tuesday, April 25th. The health services provider reported $2.10 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $2.65 billion. During the same quarter last year, the firm posted $1.98 EPS. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis.
UHS has been the subject of a number of analyst reports. Deutsche Bank AG initiated coverage on Universal Health Services in a research report on Tuesday, April 4th. They issued a “buy” rating and a $145.00 price target for the company. Mizuho upgraded Universal Health Services from a “neutral” rating to a “buy” rating and upped their price target for the stock from $133.00 to $138.00 in a research report on Monday, March 27th. Zacks Investment Research cut Universal Health Services from a “buy” rating to a “hold” rating in a research report on Tuesday, February 21st. Wolfe Research upgraded Universal Health Services from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 14th. Finally, Royal Bank of Canada reduced their price target on Universal Health Services from $157.00 to $153.00 and set an “outperform” rating for the company in a research report on Thursday, April 27th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $141.40.
Shares of Universal Health Services (NYSE:UHS) traded down 1.06% during midday trading on Friday, reaching $116.07. The company had a trading volume of 579,264 shares. Universal Health Services has a 1-year low of $99.72 and a 1-year high of $139.46. The company’s 50-day moving average is $120.98 and its 200-day moving average is $118.47. The stock has a market capitalization of $11.22 billion, a PE ratio of 15.84 and a beta of 1.10.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date is Tuesday, May 30th. Universal Health Services’s payout ratio is presently 5.63%.
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In related news, insider Steve Filton sold 10,000 shares of the stock in a transaction that occurred 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 transaction, 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 filing with the SEC, which is available through this link. 12.80% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Universal Health Services by 3.0% in the first quarter. Vanguard Group Inc. now owns 8,777,699 shares of the health services provider’s stock worth $1,092,385,000 after buying an additional 255,063 shares during the last quarter. BlackRock Inc. raised its position in shares of Universal Health Services by 2,820.7% in the first quarter. BlackRock Inc. now owns 6,626,205 shares of the health services provider’s stock worth $824,629,000 after buying an additional 6,399,332 shares during the last quarter. FMR LLC raised its position in shares of Universal Health Services by 24.3% in the first quarter. FMR LLC now owns 4,418,541 shares of the health services provider’s stock worth $549,888,000 after buying an additional 863,633 shares during the last quarter. State Street Corp raised its position in shares of Universal Health Services by 4.8% in the first quarter. State Street Corp now owns 4,124,375 shares of the health services provider’s stock worth $513,281,000 after buying an additional 190,047 shares during the last quarter. Finally, Jana Partners LLC raised its position in shares of Universal Health Services by 19.3% in the first quarter. Jana Partners LLC now owns 2,449,017 shares of the health services provider’s stock worth $304,780,000 after buying an additional 397,047 shares during the last quarter. 84.63% of the stock is owned by institutional investors.
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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