Leerink Swann Equities Analysts Increase Earnings Estimates for Universal Health Services, Inc. (UHS)
Universal Health Services, Inc. (NYSE:UHS) – Investment analysts at Leerink Swann raised their FY2017 EPS estimates for Universal Health Services in a research note issued to investors on Monday. Leerink Swann analyst A. Gupte now forecasts that the health services provider will earn $7.43 per share for the year, up from their prior estimate of $7.35. Leerink Swann has a “Outperform” rating and a $132.00 price target on the stock.
Other equities analysts have also recently issued reports about the stock. Morgan Stanley lowered their price objective on shares of Universal Health Services from $120.00 to $114.00 and set an “equal weight” rating for the company in a research report on Thursday, August 17th. BMO Capital Markets began coverage on shares of Universal Health Services in a research report on Monday, October 16th. They set an “outperform” rating and a $125.00 price objective for the company. Royal Bank of Canada reiterated a “buy” rating and set a $126.00 price objective on shares of Universal Health Services in a research report on Friday, October 27th. TheStreet cut shares of Universal Health Services from a “b” rating to a “c+” rating in a research report on Monday, August 21st. Finally, KeyCorp reiterated a “buy” rating and set a $127.00 price objective on shares of Universal Health Services in a research report on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $126.31.
Universal Health Services (NYSE:UHS) last issued its quarterly earnings results on Wednesday, October 25th. The health services provider reported $1.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.27). Universal Health Services had a return on equity of 15.13% and a net margin of 6.90%. The firm had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period last year, the company posted $1.60 EPS. The business’s revenue was up 4.4% on a year-over-year basis.
Universal Health Services announced that its board has approved a share buyback plan 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 plans are generally an indication that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend is Thursday, November 30th. Universal Health Services’s dividend payout ratio (DPR) is currently 5.50%.
A number of hedge funds and other institutional investors have recently made changes to their positions in UHS. First Mercantile Trust Co. bought a new stake in shares of Universal Health Services in the 2nd quarter valued at $150,000. National Planning Corp boosted its stake in shares of Universal Health Services by 0.3% in the 2nd quarter. National Planning Corp now owns 1,712 shares of the health services provider’s stock valued at $208,000 after purchasing an additional 5 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Universal Health Services in the 2nd quarter valued at $211,000. Advisor Group Inc. boosted its stake in shares of Universal Health Services by 198.0% in the 2nd quarter. Advisor Group Inc. now owns 1,812 shares of the health services provider’s stock valued at $220,000 after purchasing an additional 1,204 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Universal Health Services by 8.5% in the 2nd quarter. Pacer Advisors Inc. now owns 1,845 shares of the health services provider’s stock valued at $225,000 after purchasing an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 86.13% of the company’s stock.
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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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