Universal Health Services, Inc. (NYSE: UHS – Get a rating) – Equity researchers at SVB Leerink raised their third-quarter 2022 earnings per share estimates for Universal Health Services shares in a note to investors on Wednesday, August 24. SVB Leerink analyst W. Mayo now expects the healthcare provider to post earnings of $2.08 per share for the quarter, up from its previous forecast of 2.02. $. SVB Leerink has a “Market Perform” rating and a price target of $115.00 on the stock. The consensus estimate for Universal Health Services’ current annual earnings is $9.94 per share. SVB Leerink also released estimates for Universal Health Services Q2 2023 earnings at $3.29 EPS, Q3 2023 earnings at $2.74 EPS, Q4 2023 earnings at $3.60 EPS, FY2023 earnings at $12.68 EPS, FY2024 earnings at $13.70 EPS, FY2025 earnings at $14.58 EPS and FY2026 earnings at $15.49 $EPS.
Universal Health Services (NYSE: UHS – Get a rating) last reported quarterly earnings data on Monday, July 25. The healthcare provider reported earnings per share of $2.20 for the quarter, beating consensus analyst estimates of $2.10 by $0.10. Universal Health Services posted a net margin of 5.94% and a return on equity of 12.88%. The company posted revenue of $3.32 billion in the quarter, versus $3.27 billion expected by analysts. In the same quarter a year earlier, the company posted earnings of $3.76 per share. The company’s quarterly revenue increased by 3.9% compared to the same quarter last year.
A number of other research analysts have also published reports on the stock. Barclays cut its target price on Universal Health Services shares from $133.00 to $115.00 in a Friday, July 29 report. BMO Capital Markets downgraded shares of Universal Health Services from a “market-performing” rating to an “underperforming” rating and lowered its price target for the stock from $133.00 to 90, $00 in a Wednesday July 6 research note. Stephens raised his price target on Universal Health Services stock to $110.00 and gave the company an “outperform” rating in a Wednesday, July 27 research note. Deutsche Bank Aktiengesellschaft reduced its target price on universal health services from $160.00 to $130.00 in a Wednesday, July 27 research note. Finally, Loop Capital began covering universal health services in a research report on Thursday, June 16. They issued a “hold” rating and a price target of $115.00 for the company. Five research analysts rated the stock with a sell rating, four gave the stock a hold rating and five gave the stock a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $123.27.
Performance of universal health services actions
UHS shares opened at $105.79 on Friday. The company has a debt ratio of 0.78, a quick ratio of 1.12 and a current ratio of 1.22. The company’s fifty-day moving average is $107.00 and its two-hundred-day moving average is $125.23. The stock has a market capitalization of $7.72 billion, a P/E ratio of 10.77, a P/E/G ratio of 2.88 and a beta of 1.18. Universal Health Services has a 1-year minimum of $98.63 and a 1-year maximum of $158.28.
Hedge funds weigh on universal health services
Several institutional investors and hedge funds have recently increased or reduced their stake in the stock. Twin Tree Management LP bought a new position in shares of Universal Health Services during the first quarter, valued at approximately $440,000. The Florida Retirement System State Board of Directors increased its holdings of Universal Health Services stock 0.6% in the fourth quarter. The Florida Retirement System State Board of Directors now owns 103,174 shares of the healthcare provider worth $13,378,000 after buying 653 additional shares in the last quarter. Pacer Advisors Inc. increased its stake in Universal Health Services to 93.5% in Q1. Pacer Advisors Inc. now owns 7,256 shares of the healthcare provider worth $1,052,000 after acquiring 3,506 additional shares in the last quarter. Victory Capital Management Inc. increased its position in Universal Health Services shares by 19.5% during the fourth quarter. Victory Capital Management Inc. now owns 63,537 shares of the healthcare provider worth $8,238,000 after acquiring an additional 10,363 shares during the period. Finally, Kentucky Retirement Systems increased its position in Universal Health Services shares by 4.1% during the first quarter. Kentucky Retirement Systems now owns 4,661 shares of the healthcare provider valued at $676,000 after acquiring an additional 185 shares during the period. Institutional investors hold 89.41% of the company’s shares.
Universal Health Services Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15. Shareholders of record on Thursday, September 1 will receive a dividend of $0.20 per share. This represents a dividend of $0.80 on an annualized basis and a dividend yield of 0.76%. The ex-date of this dividend is Wednesday, August 31. Universal Health Services’ dividend payout ratio (DPR) is currently 8.15%.
About Universal Health Services
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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