Wall Street analysts expect Universal Health Services, Inc. (NYSE:UHS) to report $2.63 billion in sales for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Universal Health Services’ earnings, with the lowest sales estimate coming in at $2.60 billion and the highest estimate coming in at $2.64 billion. Universal Health Services reported sales of $2.48 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 6%. The company is expected to announce its next quarterly earnings report on Tuesday, February 27th.
According to Zacks, analysts expect that Universal Health Services will report full-year sales of $2.63 billion for the current year, with estimates ranging from $10.37 billion to $10.42 billion. For the next fiscal year, analysts expect that the company will post sales of $10.90 billion per share, with estimates ranging from $10.82 billion to $10.97 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Universal Health Services.
Universal Health Services (NYSE:UHS) last announced its earnings results on Wednesday, October 25th. The health services provider reported $1.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.27). Universal Health Services had a return on equity of 15.13% and a net margin of 6.90%. The company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period last year, the firm posted $1.60 EPS. The company’s revenue was up 4.4% compared to the same quarter last year.
Shares of Universal Health Services (NYSE:UHS) traded down $0.95 during mid-day trading on Friday, reaching $112.93. 1,046,400 shares of the company were exchanged, compared to its average volume of 799,789. Universal Health Services has a fifty-two week low of $95.26 and a fifty-two week high of $129.74. The company has a market capitalization of $10,808.24, a price-to-earnings ratio of 15.23, a P/E/G ratio of 2.59 and a beta of 0.97. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.26 and a quick ratio of 1.16.
Universal Health Services announced that its board has authorized a stock buyback program on Wednesday, November 15th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the health services provider to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend is Thursday, November 30th. Universal Health Services’s payout ratio is 5.49%.
Several institutional investors and hedge funds have recently bought and sold shares of UHS. Russell Investments Group Ltd. grew its holdings in shares of Universal Health Services by 12.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 19,916 shares of the health services provider’s stock worth $2,433,000 after purchasing an additional 2,141 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Universal Health Services by 7.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 304,135 shares of the health services provider’s stock worth $37,129,000 after purchasing an additional 22,168 shares during the last quarter. National Planning Corp grew its holdings in shares of Universal Health Services by 0.3% in the 2nd quarter. National Planning Corp now owns 1,712 shares of the health services provider’s stock worth $208,000 after purchasing an additional 5 shares during the last quarter. First Mercantile Trust Co. bought a new stake in shares of Universal Health Services in the 2nd quarter worth about $150,000. Finally, Dupont Capital Management Corp lifted its position in Universal Health Services by 6.4% during the 2nd quarter. Dupont Capital Management Corp now owns 7,108 shares of the health services provider’s stock worth $868,000 after buying an additional 429 shares in the last quarter. 86.13% of the stock is currently 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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