Universal Health Services, Inc. (UHS) Expected to Announce Quarterly Sales of $2.64 Billion
Equities research analysts forecast that Universal Health Services, Inc. (NYSE:UHS) will post $2.64 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Universal Health Services’ earnings, with estimates ranging from $2.60 billion to $2.66 billion. Universal Health Services reported sales of $2.43 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 8.6%. The business is scheduled to issue its next earnings results 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 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 a mean average based on a survey of sell-side analysts that cover Universal Health Services.
Universal Health Services (NYSE:UHS) last announced its earnings results on Tuesday, April 25th. The health services provider reported $2.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.07 by $0.03. Universal Health Services had a net margin of 7.23% and a return on equity of 15.99%. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the prior year, the company posted $1.98 earnings per share. The firm’s revenue was up 6.7% on a year-over-year basis.
A number of analysts have commented on UHS shares. Deutsche Bank AG started coverage on shares of Universal Health Services in a research note on Tuesday, April 4th. They set a “buy” rating and a $145.00 price target for the company. Piper Jaffray Companies restated an “overweight” rating and set a $147.00 price target on shares of Universal Health Services in a research note on Monday, April 17th. Mizuho upgraded shares of Universal Health Services from a “neutral” rating to a “buy” rating and boosted their price target for the company from $133.00 to $138.00 in a research note on Monday, March 27th. Royal Bank Of Canada reduced their target price on shares of Universal Health Services from $157.00 to $153.00 and set an “outperform” rating for the company in a research note on Thursday, April 27th. Finally, BidaskClub lowered shares of Universal Health Services from a “sell” rating to a “strong sell” rating in a research note on Friday, June 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $139.82.
Several institutional investors have recently modified their holdings of the company. GLG LLC bought a new position in shares of Universal Health Services during the fourth quarter worth $539,000. Sciencast Management LP bought a new position in shares of Universal Health Services during the fourth quarter worth $259,000. Glenview Capital Management LLC bought a new position in shares of Universal Health Services during the fourth quarter worth $187,539,000. First Republic Investment Management Inc. increased its position in shares of Universal Health Services by 8.2% in the fourth quarter. First Republic Investment Management Inc. now owns 2,232 shares of the health services provider’s stock worth $237,000 after buying an additional 169 shares during the period. Finally, A.R.T. Advisors LLC bought a new position in shares of Universal Health Services during the fourth quarter worth $1,702,000. 86.66% of the stock is currently owned by institutional investors.
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Universal Health Services (NYSE:UHS) opened at 114.40 on Wednesday. Universal Health Services has a one year low of $99.72 and a one year high of $138.77. The company’s 50-day moving average is $117.90 and its 200 day moving average is $117.43. The firm has a market cap of $11.06 billion, a PE ratio of 15.61 and a beta of 1.13.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend was Tuesday, May 30th. Universal Health Services’s dividend payout ratio (DPR) is currently 5.46%.
Universal Health Services Company Profile
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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