Brokerages Expect Universal Health Services, Inc. (NYSE:UHS) to Post $2.79 Earnings Per Share

Analysts forecast that Universal Health Services, Inc. (NYSE:UHS) will post $2.79 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Universal Health Services’ earnings, with estimates ranging from $2.62 to $2.94. Universal Health Services posted earnings per share of $2.88 during the same quarter last year, which suggests a negative year-over-year growth rate of 3.1%. The business is expected to report its next earnings results after the market closes on Monday, October 25th.

On average, analysts expect that Universal Health Services will report full year earnings of $12.01 per share for the current financial year, with EPS estimates ranging from $11.76 to $12.17. For the next year, analysts anticipate that the business will post earnings of $12.50 per share, with EPS estimates ranging from $11.96 to $12.92. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Universal Health Services.

Universal Health Services (NYSE:UHS) last issued its quarterly earnings data on Sunday, July 25th. The health services provider reported $3.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.75 by $1.01. The firm had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Universal Health Services had a net margin of 8.88% and a return on equity of 16.97%. During the same quarter in the previous year, the company earned $2.93 earnings per share.

Several research analysts recently commented on UHS shares. Mizuho increased their target price on shares of Universal Health Services from $168.00 to $178.00 and gave the stock a “buy” rating in a report on Wednesday, July 28th. Seaport Global Securities initiated coverage on shares of Universal Health Services in a research report on Friday, July 9th. They set a “buy” rating and a $170.00 price target on the stock. Barclays lowered shares of Universal Health Services from an “overweight” rating to an “underweight” rating and dropped their price target for the stock from $170.00 to $156.00 in a research report on Thursday, August 12th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Universal Health Services from $160.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, July 28th. Finally, UBS Group initiated coverage on shares of Universal Health Services in a research report on Thursday, September 23rd. They issued a “sell” rating and a $136.00 price objective on the stock. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $155.71.

Shares of UHS opened at $129.05 on Thursday. Universal Health Services has a 12 month low of $103.35 and a 12 month high of $165.00. The firm has a fifty day simple moving average of $146.82 and a 200 day simple moving average of $149.71. The stock has a market capitalization of $10.73 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 1.87 and a beta of 1.20. The company has a current ratio of 1.20, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53.

Universal Health Services announced that its board has authorized a share repurchase plan on Monday, July 26th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the health services provider to repurchase up to 7.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 15th. Shareholders of record on Wednesday, September 1st were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, August 31st. This represents a $0.80 dividend on an annualized basis and a yield of 0.62%. Universal Health Services’s payout ratio is 7.19%.

In other news, Director Lawrence S. Gibbs sold 314 shares of the firm’s stock in a transaction that occurred on Wednesday, July 28th. The shares were sold at an average price of $160.00, for a total value of $50,240.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 13.40% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Squarepoint Ops LLC raised its holdings in Universal Health Services by 118.8% in the 1st quarter. Squarepoint Ops LLC now owns 44,448 shares of the health services provider’s stock valued at $5,929,000 after buying an additional 24,136 shares during the last quarter. GHP Investment Advisors Inc. increased its stake in shares of Universal Health Services by 5.0% in the 1st quarter. GHP Investment Advisors Inc. now owns 28,455 shares of the health services provider’s stock valued at $3,796,000 after acquiring an additional 1,355 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Universal Health Services by 157.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 43,286 shares of the health services provider’s stock valued at $6,338,000 after acquiring an additional 26,478 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Universal Health Services by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,481,030 shares of the health services provider’s stock valued at $216,863,000 after acquiring an additional 40,779 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in shares of Universal Health Services by 17.3% in the 2nd quarter. ProShare Advisors LLC now owns 14,864 shares of the health services provider’s stock valued at $2,177,000 after acquiring an additional 2,188 shares in the last quarter. Institutional investors and hedge funds own 86.16% of the company’s stock.

About Universal Health Services

Universal Health Services, Inc operates as a healthcare management company, which through its subsidiaries, owns and operates acute care hospitals, behavioral health centers, and outpatient facilities. It operates through the following segments: Acute Care Hospital Services, Behavioral Health Care Services, and Other.

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

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