Universal Health Services, Inc. (UHS) to Issue $0.10 Quarterly Dividend

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Universal Health Services, Inc. (NYSE:UHS) declared a quarterly dividend on Wednesday, May 15th, RTT News reports. Investors of record on Monday, June 3rd will be paid a dividend of 0.10 per share by the health services provider on Monday, June 17th. This represents a $0.40 annualized dividend and a yield of 0.33%.

Universal Health Services has a dividend payout ratio of 4.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Universal Health Services to earn $10.82 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 3.7%.

UHS traded down $0.68 during trading on Wednesday, hitting $121.86. The stock had a trading volume of 535,639 shares, compared to its average volume of 740,836. The company has a market capitalization of $13.33 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 1.12 and a beta of 1.06. Universal Health Services has a 12 month low of $109.37 and a 12 month high of $142.21. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.18 and a quick ratio of 1.09.

Universal Health Services (NYSE:UHS) last posted its quarterly earnings data on Thursday, April 25th. The health services provider reported $2.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by ($0.17). Universal Health Services had a return on equity of 16.21% and a net margin of 7.26%. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the firm posted $2.45 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts anticipate that Universal Health Services will post 9.97 earnings per share for the current year.

A number of analysts recently weighed in on UHS shares. Mizuho set a $150.00 target price on shares of Universal Health Services and gave the company a “buy” rating in a research note on Thursday, February 28th. Deutsche Bank increased their price objective on shares of Universal Health Services from $140.00 to $160.00 and gave the company a “buy” rating in a report on Friday, March 1st. Citigroup increased their price objective on shares of Universal Health Services from $140.00 to $164.00 and gave the company a “buy” rating in a report on Friday, March 1st. UBS Group increased their price objective on shares of Universal Health Services from $156.00 to $161.00 and gave the company a “buy” rating in a report on Monday, March 4th. Finally, Barclays increased their price objective on shares of Universal Health Services from $130.00 to $136.00 and gave the company an “equal weight” rating in a report on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $144.20.

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Universal Health Services Company Profile

Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, outpatient facilities, and behavioral health care facilities. The company operates through Acute Care Hospital Services, Behavioral Health Care Services, and Other segments. Its hospital offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services, pharmacy services, and/or behavioral health services.

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Dividend History for Universal Health Services (NYSE:UHS)

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