U.S. Physical Therapy (NYSE:USPH) Sets New 1-Year High – Here’s What Happened

U.S. Physical Therapy, Inc. (NYSE:USPH) shares hit a new 52-week high during trading on Thursday. The company traded as high as $101.80 and last traded at $99.0550, with a volume of 12,333 shares. The stock had previously closed at $100.10.

Wall Street Analyst Weigh In

Several research firms recently commented on USPH. Citigroup reaffirmed a “market outperform” rating on shares of U.S. Physical Therapy in a report on Wednesday, August 19th. Barrington Research boosted their price target on U.S. Physical Therapy from $98.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, November 6th. JPMorgan Chase & Co. upped their price objective on U.S. Physical Therapy from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, September 11th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of U.S. Physical Therapy in a research note on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, U.S. Physical Therapy has an average rating of “Moderate Buy” and an average price target of $101.25.

U.S. Physical Therapy Trading Down 1.4%

The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.56. The company’s 50-day moving average is $85.50 and its 200 day moving average is $77.25. The company has a market cap of $1.47 billion, a price-to-earnings ratio of -73.23, a price-to-earnings-growth ratio of 2.72 and a beta of 1.16.

U.S. Physical Therapy (NYSE:USPH) last posted its earnings results on Thursday, November 5th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.04. U.S. Physical Therapy had a net margin of 3.60% and a return on equity of 10.19%. The business had revenue of $222.56 million for the quarter, compared to analyst estimates of $214.48 million. During the same period in the prior year, the company posted $0.66 EPS. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. Research analysts predict that U.S. Physical Therapy, Inc. will post 2.87 EPS for the current year.

U.S. Physical Therapy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Monday, November 16th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.84 dividend on an annualized basis and a yield of 1.9%. U.S. Physical Therapy’s dividend payout ratio is presently -136.30%.

Hedge Funds Weigh In On U.S. Physical Therapy

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in U.S. Physical Therapy during the second quarter worth approximately $155,505,000. William Blair Investment Management LLC purchased a new stake in shares of U.S. Physical Therapy in the second quarter valued at approximately $30,013,000. Bank of America Corp DE purchased a new stake in shares of U.S. Physical Therapy in the second quarter valued at approximately $19,381,000. Bank of New York Mellon Corp purchased a new stake in shares of U.S. Physical Therapy in the second quarter valued at approximately $9,087,000. Finally, Copeland Capital Management LLC raised its stake in shares of U.S. Physical Therapy by 11.8% during the 3rd quarter. Copeland Capital Management LLC now owns 940,528 shares of the company’s stock worth $80,632,000 after buying an additional 98,984 shares during the period.

U.S. Physical Therapy Company Profile

U.S. Physical Therapy, Inc. operates outpatient physical and occupational therapy clinics across the United States. Its clinics provide rehabilitation for musculoskeletal conditions, orthopedic injuries, sports-related injuries and recovery following surgery, along with other therapy services tailored to patients’ needs. Founded in 1990 and headquartered in Houston, Texas, the company also provides industrial injury prevention and related services to employers. Its clinic network serves communities in multiple states, with care delivered through local therapy practices.