Universal Health Services (UHS) Set to Announce Earnings on Thursday

Universal Health Services (NYSE:UHS) will post its quarterly earnings results after the market closes on Thursday, October 24th. Analysts expect Universal Health Services to post earnings of $3.78 per share for the quarter. Universal Health Services has set its FY 2024 guidance at 15.400-16.200 EPS.Parties that wish to register for the company’s conference call can do so using this link.

Universal Health Services (NYSE:UHS) last announced its quarterly earnings results on Wednesday, July 24th. The health services provider reported $4.31 EPS for the quarter, beating the consensus estimate of $3.37 by $0.94. The business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.87 billion. Universal Health Services had a return on equity of 14.91% and a net margin of 6.22%. Universal Health Services’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.53 EPS. On average, analysts expect Universal Health Services to post $16 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Universal Health Services Price Performance

Universal Health Services stock opened at $236.90 on Thursday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.17 and a current ratio of 1.28. The firm has a market cap of $15.80 billion, a P/E ratio of 17.37, a P/E/G ratio of 0.73 and a beta of 1.27. The business’s fifty day moving average is $228.45 and its two-hundred day moving average is $198.30. Universal Health Services has a 52 week low of $119.90 and a 52 week high of $243.25.

Universal Health Services announced that its board has authorized a share repurchase program on Wednesday, July 24th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the health services provider to reacquire up to 8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on UHS. Stephens restated an “equal weight” rating and issued a $200.00 price target on shares of Universal Health Services in a report on Thursday, July 25th. KeyCorp assumed coverage on Universal Health Services in a research report on Friday, October 11th. They set a “sector weight” rating for the company. Baird R W raised Universal Health Services from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 26th. The Goldman Sachs Group increased their price target on Universal Health Services from $200.00 to $229.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $219.00 price target on shares of Universal Health Services in a research report on Tuesday, October 1st. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $229.77.

Insiders Place Their Bets

In other Universal Health Services news, EVP Matthew Jay Peterson sold 15,141 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $210.85, for a total transaction of $3,192,479.85. Following the transaction, the executive vice president now owns 5,253 shares in the company, valued at $1,107,595.05. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Universal Health Services news, Director Warren J. Nimetz sold 3,444 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $217.64, for a total value of $749,552.16. Following the sale, the director now owns 3,971 shares of the company’s stock, valued at approximately $864,248.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Matthew Jay Peterson sold 15,141 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $210.85, for a total value of $3,192,479.85. Following the completion of the sale, the executive vice president now directly owns 5,253 shares in the company, valued at approximately $1,107,595.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,970 shares of company stock worth $4,653,535 in the last 90 days. Company insiders own 16.10% of the company’s stock.

Universal Health Services Company Profile

Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities. It operates through Acute Care Hospital Services and Behavioral Health Care Services segments. The company's hospitals offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic and coronary care, pediatric services, pharmacy services, and/or behavioral health services.