Wall Street brokers expect Universal Health Services, Inc. (NYSE: UHS – Get a rating) will post sales of $3.22 billion for the current quarter, Zacks reports. Three analysts provided earnings estimates for Universal Health Services, with the lowest sales estimate of $3.16 billion and the highest estimate of $3.26 billion. Universal Health Services reported sales of $3.01 billion in the same quarter last year, indicating a positive year-over-year growth rate of 7%. The company is due to release its next results on Monday, January 1.
According to Zacks, analysts expect Universal Health Services to report revenue of $13.46 billion in the current fiscal year, with estimates ranging from $13.42 billion to $13.49 billion. For the next fiscal year, analysts expect the company to report sales of $14.06 billion, with estimates ranging from $13.87 billion to $14.22 billion. Zacks sales calculations are an average based on a survey of sell-side analysts who provide coverage for Universal Health Services.
Universal health services (NYSE: UHS – Get a rating) last released its quarterly results on Thursday, February 24. The healthcare provider reported EPS of $2.95 for the quarter, beating the Zacks consensus estimate of $2.83 by $0.12. Universal Health Services posted a net margin of 7.84% and a return on equity of 15.41%. The company posted revenue of $3.28 billion for the quarter, versus $3.13 billion expected by analysts. In the same quarter a year earlier, the company posted earnings per share of $3.59. The company’s revenue for the quarter increased 6.1% year over year.
A number of research analysts have weighed in on UHS stocks recently. Wells Fargo & Company began covering Universal Health Services stocks in a Monday, March 28 research report. They set an “underweight” rating and a price target of $139.00 on the stock. Barclays lowered its price target on Universal Health Services shares from $160.00 to $141.00 and set an “underweight” rating on the stock in a Tuesday, December 21 research report. SVB Leerink raised its price target on Universal Health Services shares from $136.00 to $139.00 and gave the company a “market performance” rating in a Monday, Feb. 28 research report. Seaport Res Ptn downgraded shares of Universal Health Services from a “buy” rating to a “neutral” rating in a Sunday, February 27 research report. Finally, Citigroup raised its price target on shares of Universal Health Services from $162.00 to $167.00 in a Tuesday, March 1 research report. Four equity research analysts gave the stock a sell rating, five gave the company a hold rating and five gave the company a buy rating. According to MarketBeat, Universal Health Services has a consensus rating of “Hold” and a consensus target price of $154.58.
Separately, director Lawrence S. Gibbs sold 1,307 shares of the company in a trade on Friday, March 11. The shares were sold at an average price of $153.00, for a total transaction of $199,971.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, director Eileen C. Mcdonnell sold 296 shares of the company in a transaction on Monday, February 28. The shares were sold at an average price of $141.17, for a total transaction of $41,786.32. Disclosure of this sale can be found here. Company insiders own 13.40% of the company’s shares.
Institutional investors and hedge funds have recently been buying and selling stocks. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Universal Health Services by 1.5% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 247,616 shares of the healthcare provider valued at $34,263,000 after acquiring an additional 3,652 shares last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in Universal Health Services by 35.6% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 22,941 shares of the healthcare provider valued at $3,174,000 after acquiring an additional 6,028 shares last quarter. Quadrant Capital Group LLC increased its stake in shares of Universal Health Services by 389.1% in the 4th quarter. Quadrant Capital Group LLC now owns 856 shares of the healthcare provider worth $111,000 after buying an additional 681 shares in the last quarter. LSV Asset Management increased its stake in Universal Health Services shares by 0.6% in the 4th quarter. LSV Asset Management now owns 1,181,946 shares of the healthcare provider worth $153,251,000 after buying an additional 7,465 shares last quarter. Finally, Van ECK Associates Corp increased its stake in Universal Health Services shares by 34.6% in the third quarter. Van ECK Associates Corp now owns 6,924 shares of the healthcare provider worth $958,000 after buying an additional 1,780 shares last quarter. 86.00% of the shares are held by institutional investors.
NYSE: UHS opened at $148.96 on Thursday. The company’s 50-day moving average price is $142.99 and its 200-day moving average price is $134.33. Universal Health Services has a 52 week minimum of $116.23 and a 52 week maximum of $165.00. The company has a quick ratio of 1.04, a current ratio of 1.14 and a debt ratio of 0.67. The stock has a market capitalization of $11.14 billion, a price/earnings ratio of 12.60, a PEG ratio of 1.24 and a beta of 1.06.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15. Shareholders of record on Tuesday, March 1 received a dividend of $0.20. The ex-dividend date was Monday, February 28. This represents a dividend of $0.80 on an annualized basis and a dividend yield of 0.54%. Universal Health Services’ dividend payout ratio (DPR) is currently 6.77%.
Universal Health Services announced that its board of directors launched a stock repurchase program on Thursday, Feb. 24 that sees the company repurchase $1.40 billion in stock. This repurchase authorization allows the health service provider to repurchase up to 12.1% of its shares through open market purchases. Share repurchase programs usually indicate that the company’s board of directors believe its shares are undervalued.
Universal Health Services Company Profile (Get a rating)
Universal Health Services, Inc., through its subsidiaries, owns and operates acute care hospitals and ambulatory and behavioral health care facilities. The Company operates through the Acute Care Hospital Services and Behavioral Health Care Services segments. Its hospitals offer general and specialized surgery, internal medicine, obstetrics, emergency care, radiology, oncology, diagnostic and coronary care, pediatrics, pharmacy and/or behavioral health.
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