$2.63 Billion in Sales Expected for Universal Health Services, Inc. (UHS) This Quarter
Brokerages expect Universal Health Services, Inc. (NYSE:UHS) to announce $2.63 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Universal Health Services’ earnings. The lowest sales estimate is $2.60 billion and the highest is $2.64 billion. Universal Health Services reported sales of $2.48 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 6%. The business is scheduled to issue its next earnings results after the market closes on Wednesday, February 28th.
On average, analysts expect that Universal Health Services will report full year sales of $2.63 billion for the current fiscal year, with estimates ranging from $10.37 billion to $10.41 billion. For the next fiscal year, analysts expect that the company will report sales of $10.90 billion per share, with estimates ranging from $10.82 billion to $10.97 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Universal Health Services.
Several equities research analysts recently commented on UHS shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $126.00 price objective on shares of Universal Health Services in a research report on Friday, October 27th. Zacks Investment Research cut Universal Health Services from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Wells Fargo & Co started coverage on Universal Health Services in a research report on Tuesday, January 30th. They set an “outperform” rating and a $144.00 price objective on the stock. Citigroup dropped their price objective on Universal Health Services from $126.00 to $114.00 and set a “neutral” rating on the stock in a research report on Friday, October 27th. Finally, Credit Suisse Group dropped their price objective on Universal Health Services from $126.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company’s stock. Universal Health Services has an average rating of “Buy” and a consensus target price of $131.20.
Shares of Universal Health Services (NYSE UHS) opened at $117.18 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 1.16 and a debt-to-equity ratio of 0.80. Universal Health Services has a 12-month low of $95.26 and a 12-month high of $129.74. The company has a market capitalization of $11,189.77, a price-to-earnings ratio of 16.10, a P/E/G ratio of 2.32 and a beta of 0.88.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.40 annualized dividend and a yield of 0.34%. Universal Health Services’s payout ratio is 5.49%.
Universal Health Services declared that its Board of Directors has initiated a stock repurchase program on Wednesday, November 15th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the health services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
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Universal Health Services Company Profile
Universal Health Services, Inc is a holding company. The Company’s principal business is owning and operating, through its subsidiaries, acute care hospitals and outpatient facilities, and behavioral healthcare facilities. The Company’s segments include Acute Care Hospital Services, Behavioral Health Services and Other.
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