Universal Health Services, Inc. (NYSE: UHS – Get a rating) rose 7.1% on Friday after a better-than-expected earnings announcement. The company traded as high as $149.33 and last traded at $146.08. About 5,941 shares changed hands during the midday session, down 99% from the average daily volume of 666,265 shares. The stock had previously closed at $136.39. The healthcare service provider reported earnings per share (EPS) of $2.95 for the quarter, beating the Zacks consensus estimate of $2.87 by $0.08. The company posted revenue of $3.28 billion for the quarter, versus a consensus estimate of $3.13 billion. Universal Health Services posted a net margin of 8.52% and a return on equity of 16.41%. Universal Health Services revenue increased 6.1% year over year. In the same quarter of the previous year, the company had earned earnings per share of $3.59.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 15. Shareholders of record on Tuesday, March 1 will receive a dividend of $0.20. This represents an annualized dividend of $0.80 and a dividend yield of 0.54%. The ex-date of this dividend is Monday, February 28. Universal Health Services’ dividend payout ratio is currently 6.44%.
A number of analysts have recently commented on UHS stocks. Mizuho lowered its price target on Universal Health Services shares from $178.00 to $151.00 and set a “buy” rating for the company in a Friday, Oct. 29 research note. SVB Leerink raised its price target on Universal Health Services shares from $132.00 to $136.00 and gave the company a “market performance” rating in a Friday, Jan. 7 research note. TheStreet downgraded shares of Universal Health Services from a “c+” rating to a “b-” rating in a Monday, Dec. 27 research note. Citigroup lowered its target price on Universal Health Services stock from $188.00 to $160.00 and set a “buy” rating on the stock in a Wednesday, Nov. 3 research note. Finally, 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. . Four equity research analysts gave the stock a sell rating, three gave the company a hold rating and six gave the company a buy rating. According to MarketBeat.com, Universal Health Services currently has an average rating of “Hold” and an average target price of $150.83.
Institutional investors and hedge funds have recently increased or reduced their stake in the company. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Universal Health Services by 1.5% in Q3. 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 position in Universal Health Services shares by 35.6% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 22,941 shares of the healthcare service provider worth $3,174,000 after buying an additional 6,028 shares in the last quarter. Patton Fund Management Inc. acquired a new stake in Universal Health Services during Q3 for $1,355,000. Silvercrest Asset Management Group LLC acquired a new stake in Universal Health Services during Q2 valued at $213,000. Finally, Invesco Ltd. increased its stake in shares of Universal Health Services by 6.2% in the 2nd quarter. Invesco Ltd. now owns 3,189,448 shares of the healthcare provider valued at $467,029,000 after purchasing an additional 185,912 shares during the period. Institutional investors hold 85.17% of the company’s shares.
The company has a 50-day simple moving average of $131.24 and a 200-day simple moving average of $135.24. The stock has a market capitalization of $11.81 billion, a price/earnings ratio of 10.98, a P/E/G ratio of 1.64 and a beta of 1.18. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt ratio of 0.58.
Universal Health Services Company Profile (NYSE: UHS)
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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