Equities research analysts expect Universal Health Services, Inc. (NYSE:UHS) to announce $2.76 billion in sales for the current quarter, according to Zacks. Six analysts have made estimates for Universal Health Services’ earnings. The lowest sales estimate is $2.72 billion and the highest is $2.79 billion. Universal Health Services posted sales of $2.65 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 4.2%. The firm is scheduled to announce its next quarterly earnings results on Thursday, October 24th.
On average, analysts expect that Universal Health Services will report full year sales of $11.29 billion for the current fiscal year, with estimates ranging from $11.25 billion to $11.37 billion. For the next financial year, analysts forecast that the business will post sales of $11.77 billion, with estimates ranging from $11.57 billion to $11.98 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Universal Health Services.
Universal Health Services (NYSE:UHS) last issued its earnings results on Thursday, July 25th. The health services provider reported $2.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.27. Universal Health Services had a net margin of 7.25% and a return on equity of 16.41%. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period last year, the business posted $2.47 EPS. Universal Health Services’s revenue was up 6.5% on a year-over-year basis.
In other news, EVP Marvin G. Pember sold 16,693 shares of the 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 transaction, the executive vice president now owns 83,379 shares of the company’s stock, valued at approximately $12,468,495.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert H. Hotz sold 7,309 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $148.01, for a total transaction of $1,081,805.09. Following the completion of the transaction, the director now directly owns 67,715 shares in the company, valued at approximately $10,022,497.15. The disclosure for this sale can be found here. Corporate insiders own 12.60% of the company’s stock.
Several large investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in Universal Health Services by 0.7% during the 1st quarter. BlackRock Inc. now owns 6,521,065 shares of the health services provider’s stock valued at $872,323,000 after buying an additional 47,844 shares during the period. JPMorgan Chase & Co. lifted its position in Universal Health Services by 1.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,927,700 shares of the health services provider’s stock valued at $247,034,000 after acquiring an additional 20,362 shares during the period. APG Asset Management N.V. lifted its position in Universal Health Services by 35.1% during the 2nd quarter. APG Asset Management N.V. now owns 1,630,747 shares of the health services provider’s stock valued at $186,717,000 after acquiring an additional 423,960 shares during the period. Dimensional Fund Advisors LP lifted its position in Universal Health Services by 4.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,310,513 shares of the health services provider’s stock valued at $152,755,000 after acquiring an additional 59,712 shares during the period. Finally, UBS Group AG lifted its position in Universal Health Services by 13.6% during the 2nd quarter. UBS Group AG now owns 1,287,437 shares of the health services provider’s stock valued at $167,869,000 after acquiring an additional 154,619 shares during the period. 85.17% of the stock is currently owned by hedge funds and other institutional investors.
Universal Health Services stock traded down $2.56 during mid-day trading on Thursday, reaching $145.64. The company had a trading volume of 657,293 shares, compared to its average volume of 698,425. The company has a market cap of $13.04 billion, a P/E ratio of 15.28, a P/E/G ratio of 1.79 and a beta of 1.09. The business has a fifty day simple moving average of $140.10 and a 200 day simple moving average of $131.93. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 0.79. Universal Health Services has a fifty-two week low of $112.79 and a fifty-two week high of $157.79.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Friday, August 30th. This is a positive change from Universal Health Services’s previous quarterly dividend of $0.10. Universal Health Services’s dividend payout ratio is 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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