U.S. Physical Therapy (NYSE:USPH) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

U.S. Physical Therapy (NYSE:USPH) posted its quarterly earnings results on Wednesday. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04, Zacks reports. U.S. Physical Therapy had a net margin of 3.97% and a return on equity of 9.39%.

U.S. Physical Therapy Stock Performance

Shares of USPH stock traded up $4.92 on Wednesday, hitting $89.66. 282,638 shares of the stock were exchanged, compared to its average volume of 204,873. The firm’s 50 day moving average is $83.16 and its two-hundred day moving average is $76.91. U.S. Physical Therapy has a one year low of $58.19 and a one year high of $90.94. The firm has a market capitalization of $1.34 billion, a PE ratio of 527.45, a P/E/G ratio of 2.16 and a beta of 1.16. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.48.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on USPH shares. Weiss Ratings reissued a “hold (c-)” rating on shares of U.S. Physical Therapy in a research report on Wednesday, August 26th. Barrington Research upped their price objective on U.S. Physical Therapy from $90.00 to $98.00 and gave the company an “outperform” rating in a report on Monday, August 10th. JPMorgan Chase & Co. raised their price objective on U.S. Physical Therapy from $90.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, September 11th. Finally, Citigroup reiterated a “market outperform” rating on shares of U.S. Physical Therapy in a research note on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, U.S. Physical Therapy has a consensus rating of “Moderate Buy” and an average price target of $98.25.

About U.S. Physical Therapy

U.S. Physical Therapy, Inc (NYSE: USPH) operates outpatient physical therapy clinics throughout the United States. The company provides treatment and rehabilitation services for patients recovering from injuries, surgeries, illnesses and other conditions that affect movement, strength and physical function.

In addition to company-operated clinics, U.S. Physical Therapy develops and manages physical therapy practices in partnership with local physical therapists. Its services generally include orthopedic and sports rehabilitation, post-operative therapy, treatment for musculoskeletal conditions and other forms of outpatient rehabilitation.