Wall Street analysts expect that Universal Health Services, Inc. (NYSE:UHS) will report $2.74 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Universal Health Services’ earnings, with the highest sales estimate coming in at $2.77 billion and the lowest estimate coming in at $2.70 billion. Universal Health Services reported sales of $2.61 billion in the same quarter last year, which indicates a positive year over year growth rate of 5%. The business is scheduled to issue its next quarterly earnings results on Tuesday, April 24th.
According to Zacks, analysts expect that Universal Health Services will report full-year sales of $2.74 billion for the current fiscal year, with estimates ranging from $10.79 billion to $11.04 billion. For the next financial year, analysts forecast that the firm will report sales of $11.55 billion per share, with estimates ranging from $11.25 billion to $11.72 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Universal Health Services.
Universal Health Services (NYSE:UHS) last issued its earnings results on Wednesday, February 28th. The health services provider reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.16. Universal Health Services had a return on equity of 15.06% and a net margin of 7.23%. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same period last year, the business earned $1.80 EPS. Universal Health Services’s quarterly revenue was up 6.7% compared to the same quarter last year.
Shares of Universal Health Services (NYSE UHS) traded down $0.61 on Friday, hitting $126.66. The company had a trading volume of 674,795 shares, compared to its average volume of 814,975. The company has a market cap of $12,079.07, a PE ratio of 16.22, a P/E/G ratio of 1.22 and a beta of 0.92. Universal Health Services has a 12 month low of $95.26 and a 12 month high of $128.49. The company has a current ratio of 0.97, a quick ratio of 0.90 and a debt-to-equity ratio of 0.69.
Universal Health Services announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, November 15th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the health services provider to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. The ex-dividend date is Wednesday, February 28th. Universal Health Services’s dividend payout ratio is presently 5.12%.
Institutional investors have recently made changes to their positions in the company. Orbimed Advisors LLC purchased a new stake in shares of Universal Health Services during the 3rd quarter valued at $74,219,000. Sei Investments Co. grew its stake in shares of Universal Health Services by 17.5% during the 3rd quarter. Sei Investments Co. now owns 16,456 shares of the health services provider’s stock worth $1,826,000 after acquiring an additional 2,455 shares during the period. Victory Capital Management Inc. grew its stake in shares of Universal Health Services by 54.6% during the 3rd quarter. Victory Capital Management Inc. now owns 17,516 shares of the health services provider’s stock worth $1,943,000 after acquiring an additional 6,189 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Universal Health Services by 5.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,210,413 shares of the health services provider’s stock worth $134,272,000 after acquiring an additional 60,415 shares during the period. Finally, California Public Employees Retirement System grew its stake in shares of Universal Health Services by 3.9% during the 3rd quarter. California Public Employees Retirement System now owns 225,475 shares of the health services provider’s stock worth $25,014,000 after acquiring an additional 8,521 shares during the period. 86.60% of the stock is owned by hedge funds and other institutional investors.
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About Universal Health Services
Universal Health Services, Inc is a holding company. The Company’s principal business is owning and operating, through its subsidiaries, acute care hospitals and outpatient facilities, and behavioral healthcare facilities. The Company’s segments include Acute Care Hospital Services, Behavioral Health Services and Other.
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