Stock analysts expect Universal Health Services, Inc. (NYSE:UHS – Get a rating) will announce sales of $3.26 billion for the current fiscal quarter, according to Zacks. Four analysts provided earnings estimates for Universal Health Services, with the lowest sales estimate of $3.22 billion and the highest estimate of $3.30 billion. Universal Health Services posted sales of $3.01 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.3%. The company is due to release its next earnings report on Monday, January 1.
According to Zacks, analysts expect Universal Health Services to report revenue of $13.49 billion in the current fiscal year, with estimates ranging from $13.42 billion to $13.57 billion. of dollars. For the next fiscal year, analysts expect the company to post sales of $14.07 billion, with estimates ranging from $13.87 billion to $14.22 billion. Zacks Investment Research sales averages are an average based on a survey of analysts who track Universal Health Services.
Universal Health Services (NYSE: UHS – Get a rating) last released its results on Thursday, February 24. The healthcare services provider reported earnings per share (EPS) of $2.95 for the quarter, beating Thomson Reuters consensus estimate of $2.83 by $0.12. The company posted revenue of $3.28 billion for the quarter, versus analyst estimates of $3.13 billion. Universal Health Services had a return on equity of 15.41% and a net margin of 7.84%. The company’s revenue increased 6.1% year over year. During the same period a year earlier, the company posted earnings per share of $3.59.
Several research companies have recently commented on the UHS. Mizuho raised its target price on Universal Health Services from $151.00 to $164.00 and gave the stock a “buy” rating in a Thursday, March 3 research report. UBS Group raised its target price on Universal Health Services from $124.00 to $134.00 and gave the stock a “sell” rating in a Monday, March 7 research report. TheStreet upgraded universal health services from a “c+” grade to a “b-” grade in a research report on Monday, December 27. Citigroup raised its target price on Universal Health Services from $162.00 to $167.00 in a Tuesday, March 1 research report. Finally, SVB Leerink raised its price target on Universal Health Services from $136.00 to $139.00 and gave the stock a “market performance” rating in a Monday, February 28 research report. . Three equity research analysts gave the stock a sell rating, four issued a hold rating and five gave the company a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $156.00.
Separately, director Lawrence S. Gibbs sold 1,307 shares of the company in a transaction dated Friday, March 11. The stock was sold at an average price of $153.00, for a total value of $199,971.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, available at the SEC website. Additionally, director Eileen C. Mcdonnell sold 296 shares of the company in a transaction that took place on Monday, February 28. The shares were sold at an average price of $141.17, for a total value of $41,786.32. Disclosure of this sale can be found here. Insiders hold 13.40% of the shares of the company.
A number of large investors have recently increased or reduced their stakes in UHS. Allspring Global Investments Holdings LLC purchased a new stake in Universal Health Services in the fourth quarter valued at $188,455,000. Nordea Investment Management AB increased its holding in shares of Universal Health Services by 90.4% during the third quarter. Nordea Investment Management AB now owns 2,248,212 shares of the healthcare provider valued at $321,675,000 after buying an additional 1,067,340 shares last quarter. Nuance Investments LLC increased its holdings of Universal Health Services stock by 150.6% during the 4th quarter. Nuance Investments LLC now owns 1,750,343 shares of the healthcare provider valued at $226,949,000 after buying an additional 1,051,850 shares last quarter. Morgan Stanley increased its stake in shares of Universal Health Services by 619.5% during the second quarter. Morgan Stanley now owns 894,528 shares of the healthcare provider valued at $130,985,000 after buying an additional 770,198 shares last quarter. Finally, Norges Bank purchased a new equity stake in Universal Health Services during Q4 for $92,187,000. Institutional investors and hedge funds hold 86.00% of the company’s shares.
NYSE UHS shares opened at $143.81 on Thursday. The stock has a market capitalization of $10.76 billion, a PE ratio of 12.17, a growth price-earnings ratio of 1.26 and a beta of 1.06. Universal Health Services has a minimum of $116.23 over fifty-two weeks and a maximum of $165.00 over fifty-two weeks. The company has a debt ratio of 0.67, a quick ratio of 1.04 and a current ratio of 1.14. The stock has a fifty-day moving average of $138.37 and a 200-day moving average of $134.57.
Universal Health Services announced that its board of directors authorized a stock repurchase plan on Thursday, Feb. 24 that allows the company to repurchase $1.40 billion in stock. This repurchase authorization authorizes the health service provider to repurchase up to 12.1% of its shares through open market purchases. Stock buyback plans are usually an indication that the company’s management believes its stock is undervalued.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 15. Shareholders of record on Tuesday, March 1 received a dividend of $0.20. This represents a dividend of $0.80 on an annualized basis and a dividend yield of 0.56%. The ex-dividend date was Monday, February 28. Universal Health Services’ dividend payout ratio (DPR) is currently 6.77%.
About Universal Health Services (Get a rating)
Universal Health Services, Inc. operates as a healthcare management company that, through its subsidiaries, owns and operates acute care hospitals, behavioral health centers and outpatient care facilities. It operates through the following segments: Acute Care Hospital Services, Behavioral Health Care Services and Others.
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