Universal Health Services (NYSE:UHS) Announces Earnings Results, Beats Expectations By $0.27 EPS
Universal Health Services (NYSE:UHS) posted its earnings results on Thursday. The health services provider reported $2.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.49 by $0.27, Fidelity Earnings reports. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.81 billion. Universal Health Services had a net margin of 7.25% and a return on equity of 16.39%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.47 EPS.
NYSE:UHS traded up $14.92 during trading hours on Friday, hitting $151.89. The stock had a trading volume of 2,955,317 shares, compared to its average volume of 491,951. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.09 and a current ratio of 1.18. Universal Health Services has a 1-year low of $112.79 and a 1-year high of $157.79. The firm has a 50 day simple moving average of $129.24. The company has a market capitalization of $12.35 billion, a P/E ratio of 15.94, a PEG ratio of 1.69 and a beta of 1.04.
UHS has been the subject of a number of research analyst reports. BMO Capital Markets increased their target price on shares of Discover Financial Services to $92.00 and gave the stock a “market perform” rating in a research report on Monday, April 29th. UBS Group reissued a “buy” rating on shares of Fortis in a research report on Friday, June 7th. Barclays set a $24.00 target price on shares of Tenet Healthcare and gave the stock a “hold” rating in a research report on Wednesday, April 17th. Finally, Bank of America reissued a “buy” rating and set a $165.00 target price (up previously from $158.00) on shares of Universal Health Services in a research report on Friday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. Universal Health Services currently has a consensus rating of “Hold” and a consensus target price of $144.20.
Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, outpatient facilities, and behavioral health care facilities. The company operates through Acute Care Hospital Services, Behavioral Health Care Services, and Other segments. Its hospital offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services, pharmacy services, and/or behavioral health services.
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