Universal Health Services, Inc. (NYSE:UHS) to Post Q2 2024 Earnings of $3.17 Per Share, Zacks Research Forecasts

Universal Health Services, Inc. (NYSE:UHS) – Investment analysts at Zacks Research increased their Q2 2024 earnings per share estimates for Universal Health Services in a research note issued on Wednesday, May 8th. Zacks Research analyst D. Chatterjee now anticipates that the health services provider will post earnings per share of $3.17 for the quarter, up from their previous estimate of $3.14. The consensus estimate for Universal Health Services’ current full-year earnings is $13.51 per share. Zacks Research also issued estimates for Universal Health Services’ FY2024 earnings at $13.49 EPS, Q1 2025 earnings at $3.17 EPS, Q2 2025 earnings at $3.08 EPS, FY2025 earnings at $13.15 EPS, Q1 2026 earnings at $3.93 EPS and FY2026 earnings at $17.11 EPS.

Other research analysts also recently issued research reports about the stock. Mizuho upped their price target on shares of Universal Health Services from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. The Goldman Sachs Group lifted their price target on Universal Health Services from $170.00 to $189.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Royal Bank of Canada raised their price objective on Universal Health Services from $183.00 to $189.00 and gave the company a “sector perform” rating in a report on Tuesday. Cantor Fitzgerald reaffirmed an “underweight” rating and set a $156.00 target price on shares of Universal Health Services in a report on Wednesday, April 10th. Finally, TD Cowen raised their price target on shares of Universal Health Services from $181.00 to $183.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $183.20.

Universal Health Services Stock Up 4.5 %

Shares of NYSE UHS opened at $177.05 on Friday. The firm has a market cap of $11.90 billion, a price-to-earnings ratio of 15.00, a price-to-earnings-growth ratio of 0.84 and a beta of 1.26. The company’s 50-day simple moving average is $171.76 and its 200-day simple moving average is $156.07. The company has a quick ratio of 1.28, a current ratio of 1.38 and a debt-to-equity ratio of 0.75. Universal Health Services has a 52-week low of $119.90 and a 52-week high of $183.61.

Universal Health Services (NYSE:UHS) last posted its earnings results on Wednesday, April 24th. The health services provider reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $3.14 by $0.56. The firm had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.78 billion. Universal Health Services had a return on equity of 13.34% and a net margin of 5.57%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the firm earned $2.34 EPS.

Insider Activity

In other news, CFO Steve Filton sold 35,000 shares of the firm’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 transaction of $6,188,700.00. Following the completion of the sale, the chief financial officer now owns 68,785 shares in the company, valued at approximately $12,162,563.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 16.10% of the company’s stock.

Institutional Investors Weigh In On Universal Health Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UHS. Benjamin F. Edwards & Company Inc. purchased a new stake in Universal Health Services in the 1st quarter valued at about $32,000. Headlands Technologies LLC purchased a new stake in shares of Universal Health Services in the 1st quarter valued at approximately $36,000. Mather Group LLC. acquired a new position in shares of Universal Health Services in the 1st quarter worth approximately $36,000. Denali Advisors LLC purchased a new position in shares of Universal Health Services during the 1st quarter worth approximately $37,000. Finally, Fidelis Capital Partners LLC acquired a new stake in Universal Health Services in the 1st quarter valued at approximately $46,000. Institutional investors and hedge funds own 86.05% 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.