Universal Health Services, Inc. (NYSE:UHS) Expected to Post Earnings of $2.31 Per Share

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Equities analysts expect that Universal Health Services, Inc. (NYSE:UHS) will report earnings per share (EPS) of $2.31 for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Universal Health Services’ earnings, with the lowest EPS estimate coming in at $2.24 and the highest estimate coming in at $2.45. Universal Health Services reported earnings per share of $2.23 during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.6%. The company is scheduled to report its next quarterly earnings report on Thursday, October 24th.

According to Zacks, analysts expect that Universal Health Services will report full year earnings of $10.21 per share for the current fiscal year, with EPS estimates ranging from $9.94 to $10.42. For the next year, analysts expect that the business will post earnings of $11.00 per share, with EPS estimates ranging from $10.51 to $11.61. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Universal Health Services.

Universal Health Services (NYSE:UHS) last issued its quarterly earnings results on Thursday, July 25th. The health services provider reported $2.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.49 by $0.27. Universal Health Services had a return on equity of 16.41% and a net margin of 7.25%. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same period in the previous year, the business earned $2.47 earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis.

Several analysts recently commented on UHS shares. Bank of America boosted their price target on Universal Health Services from $158.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Barclays set a $145.00 price target on Universal Health Services and gave the stock a “hold” rating in a research report on Friday, July 26th. UBS Group reiterated a “buy” rating and set a $151.00 price target on shares of Universal Health Services in a research report on Friday, June 7th. Credit Suisse Group boosted their price target on Universal Health Services from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, Morgan Stanley upped their target price on Universal Health Services from $135.00 to $146.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $149.38.

In other Universal Health Services news, Director Robert H. Hotz sold 7,309 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $148.01, for a total value of $1,081,805.09. Following the completion of the sale, the director now directly owns 67,715 shares in the company, valued at approximately $10,022,497.15. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Marvin G. Pember sold 16,693 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $149.54, for a total value of $2,496,271.22. Following the completion of the sale, the executive vice president now owns 83,379 shares of the company’s stock, valued at $12,468,495.66. The disclosure for this sale can be found here. 12.60% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. World Asset Management Inc grew its holdings in shares of Universal Health Services by 1.6% during the 2nd quarter. World Asset Management Inc now owns 5,922 shares of the health services provider’s stock worth $772,000 after purchasing an additional 93 shares during the period. 6 Meridian lifted its stake in Universal Health Services by 2.6% during the 2nd quarter. 6 Meridian now owns 3,756 shares of the health services provider’s stock worth $490,000 after acquiring an additional 96 shares in the last quarter. Avalon Advisors LLC lifted its stake in Universal Health Services by 0.4% during the 1st quarter. Avalon Advisors LLC now owns 28,533 shares of the health services provider’s stock worth $3,817,000 after acquiring an additional 113 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Universal Health Services by 1.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 8,276 shares of the health services provider’s stock worth $1,079,000 after acquiring an additional 117 shares in the last quarter. Finally, Advisor Partners LLC lifted its stake in Universal Health Services by 7.3% during the 2nd quarter. Advisor Partners LLC now owns 1,744 shares of the health services provider’s stock worth $227,000 after acquiring an additional 119 shares in the last quarter. Institutional investors and hedge funds own 86.45% of the company’s stock.

Shares of UHS traded up $1.98 during trading hours on Tuesday, hitting $147.35. 481,000 shares of the stock were exchanged, compared to its average volume of 800,641. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.17 and a current ratio of 1.27. Universal Health Services has a 12-month low of $112.79 and a 12-month high of $157.79. The company has a market cap of $12.86 billion, a price-to-earnings ratio of 15.46, a price-to-earnings-growth ratio of 1.76 and a beta of 1.09. The stock’s 50-day moving average price is $139.04 and its two-hundred day moving average price is $131.69.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be issued a $0.20 dividend. This is a boost from Universal Health Services’s previous quarterly dividend of $0.10. This represents a $0.80 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Friday, August 30th. Universal Health Services’s dividend payout ratio is presently 4.20%.

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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Earnings History and Estimates for Universal Health Services (NYSE:UHS)

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