U.S. Physical Therapy (NYSE:USPH) Issues Earnings Results, Hits Expectations

U.S. Physical Therapy (NYSE:USPH) issued its quarterly earnings results on Wednesday. The company reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67, Zacks reports. The firm had revenue of $202.73 million for the quarter, compared to analyst estimates of $200.10 million. U.S. Physical Therapy had a return on equity of 8.62% and a net margin of 5.71%.The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 earnings per share.

U.S. Physical Therapy Stock Down 1.3%

Shares of NYSE:USPH opened at $81.77 on Thursday. The company’s fifty day moving average is $83.49 and its 200-day moving average is $82.57. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.20 and a current ratio of 1.20. U.S. Physical Therapy has a 52 week low of $62.77 and a 52 week high of $93.50. The company has a market capitalization of $1.24 billion, a PE ratio of 34.36, a P/E/G ratio of 3.42 and a beta of 1.30.

U.S. Physical Therapy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 13th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, March 13th. This is a boost from U.S. Physical Therapy’s previous quarterly dividend of $0.45. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.3%. U.S. Physical Therapy’s dividend payout ratio (DPR) is 75.63%.

Hedge Funds Weigh In On U.S. Physical Therapy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in USPH. Osaic Holdings Inc. increased its holdings in shares of U.S. Physical Therapy by 1.6% during the second quarter. Osaic Holdings Inc. now owns 10,447 shares of the company’s stock worth $817,000 after buying an additional 166 shares in the last quarter. Snowden Capital Advisors LLC grew its position in U.S. Physical Therapy by 3.6% during the 2nd quarter. Snowden Capital Advisors LLC now owns 5,600 shares of the company’s stock worth $438,000 after acquiring an additional 195 shares during the last quarter. Amundi increased its holdings in U.S. Physical Therapy by 15.0% during the 3rd quarter. Amundi now owns 2,859 shares of the company’s stock valued at $256,000 after purchasing an additional 373 shares in the last quarter. First Trust Advisors LP raised its position in U.S. Physical Therapy by 3.7% in the 2nd quarter. First Trust Advisors LP now owns 10,725 shares of the company’s stock valued at $839,000 after purchasing an additional 385 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in U.S. Physical Therapy by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,897 shares of the company’s stock valued at $644,000 after purchasing an additional 391 shares during the last quarter.

Analyst Ratings Changes

USPH has been the topic of several recent research reports. Barrington Research reissued an “outperform” rating and set a $103.00 price objective on shares of U.S. Physical Therapy in a report on Friday, February 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of U.S. Physical Therapy in a research report on Wednesday, January 21st. Citigroup reissued a “market outperform” rating on shares of U.S. Physical Therapy in a report on Monday, December 15th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of U.S. Physical Therapy from $110.00 to $100.00 and set an “overweight” rating for the company in a research note on Monday, November 24th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $105.33.

About U.S. Physical Therapy

U.S. Physical Therapy, Inc (NYSE: USPH) is a leading owner and operator of outpatient physical therapy clinics across the United States. The company delivers rehabilitative care to patients recovering from orthopedic injuries, neurological disorders and chronic conditions. Its core services include one-on-one physical therapy sessions, aquatic therapy, occupational therapy, massage therapy and sports medicine programs designed to restore mobility and enhance quality of life.

In addition to traditional rehabilitation services, U.S.