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

Universal Health Services (NYSE:UHS) will be posting its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Universal Health Services to post earnings of $3.12 per share for the quarter. Universal Health Services has set its FY24 guidance at $13.00-14.00 EPS and its FY 2024 guidance at 13.000-14.000 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Universal Health Services (NYSE:UHS) last posted its quarterly earnings data on Tuesday, February 27th. The health services provider reported $3.13 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.11. Universal Health Services had a net margin of 5.03% and a return on equity of 12.08%. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.66 billion. During the same quarter last year, the business posted $3.02 EPS. The company’s revenue was up 7.4% on a year-over-year basis. On average, analysts expect Universal Health Services to post $13 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Universal Health Services Trading Down 3.1 %

Universal Health Services stock opened at $161.33 on Wednesday. The company has a 50 day moving average price of $170.72 and a 200 day moving average price of $151.72. Universal Health Services has a 52 week low of $119.90 and a 52 week high of $183.61. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.29 and a current ratio of 1.40. The firm has a market capitalization of $10.84 billion, a price-to-earnings ratio of 15.72, a P/E/G ratio of 0.80 and a beta of 1.24.

Analyst Ratings Changes

A number of equities research analysts have issued reports on UHS shares. The Goldman Sachs Group lifted their target price on shares of Universal Health Services from $170.00 to $189.00 and gave the company a “buy” rating in a research note on Monday, March 4th. TD Cowen lifted their target price on shares of Universal Health Services from $140.00 to $181.00 and gave the company a “market perform” rating in a research note on Friday, March 1st. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Universal Health Services from $208.00 to $203.00 and set a “buy” rating for the company in a research note on Friday, April 12th. Citigroup raised their price target on shares of Universal Health Services from $170.00 to $193.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Finally, Mizuho raised their price target on shares of Universal Health Services from $175.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $179.71.

Insider Buying and Selling at Universal Health Services

In other news, CFO Steve Filton sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $176.82, for a total value of $6,188,700.00. Following the completion of the transaction, the chief financial officer now owns 68,785 shares in the company, valued at $12,162,563.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 16.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in UHS. Norges Bank acquired a new stake in Universal Health Services in the fourth quarter valued at $66,334,000. Goldman Sachs Group Inc. lifted its stake in Universal Health Services by 45.4% in the second quarter. Goldman Sachs Group Inc. now owns 802,139 shares of the health services provider’s stock valued at $80,784,000 after acquiring an additional 250,295 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Universal Health Services by 32.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 681,753 shares of the health services provider’s stock valued at $86,651,000 after acquiring an additional 167,836 shares during the last quarter. Vanguard Group Inc. lifted its stake in Universal Health Services by 1.9% in the first quarter. Vanguard Group Inc. now owns 7,856,010 shares of the health services provider’s stock valued at $1,138,729,000 after acquiring an additional 146,820 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in Universal Health Services by 2.3% in the first quarter. BlackRock Inc. now owns 5,026,512 shares of the health services provider’s stock valued at $728,594,000 after acquiring an additional 113,259 shares during the last quarter. Institutional investors and hedge funds own 86.05% of the company’s stock.

About Universal Health Services

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.