Universal Health Services, Inc. (UHS) Posts Earnings Results, Misses Expectations By $0.12 EPS
Universal Health Services, Inc. (NYSE:UHS) issued its quarterly earnings results on Tuesday. The health services provider reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by $0.12, Bloomberg Earnings reports. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.64 billion. Universal Health Services had a return on equity of 15.99% and a net margin of 7.23%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.94 EPS. Universal Health Services updated its FY17 guidance to $7.50-8.00 EPS.
Universal Health Services (UHS) traded down 1.15% during mid-day trading on Tuesday, reaching $122.90. 1,195,775 shares of the company’s stock traded hands. Universal Health Services has a 12 month low of $99.72 and a 12 month high of $138.77. The stock has a market capitalization of $11.88 billion, a PE ratio of 16.77 and a beta of 1.08. The firm’s 50-day moving average price is $118.94 and its 200 day moving average price is $119.32.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.40 annualized dividend and a yield of 0.33%. Universal Health Services’s payout ratio is 5.46%.
A number of analysts recently issued reports on the stock. Deutsche Bank AG assumed coverage on shares of Universal Health Services in a research note on Tuesday, April 4th. They issued a “buy” rating and a $145.00 price target for the company. Zacks Investment Research lowered shares of Universal Health Services from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Mizuho upgraded shares of Universal Health Services from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $133.00 to $138.00 in a research note on Monday, March 27th. Piper Jaffray Companies restated an “overweight” rating and issued a $147.00 price target on shares of Universal Health Services in a research note on Monday, April 17th. Finally, BidaskClub upgraded shares of Universal Health Services from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 29th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $141.45.
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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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