Zacks Research Weighs in on Universal Health Services, Inc.’s Q3 2024 Earnings (NYSE:UHS)

Universal Health Services, Inc. (NYSE:UHSFree Report) – Research analysts at Zacks Research cut their Q3 2024 earnings per share estimates for shares of Universal Health Services in a research report issued to clients and investors on Tuesday, May 28th. Zacks Research analyst K. Dey now expects that the health services provider will post earnings of $2.98 per share for the quarter, down from their previous forecast of $3.00. The consensus estimate for Universal Health Services’ current full-year earnings is $13.64 per share. Zacks Research also issued estimates for Universal Health Services’ Q4 2024 earnings at $3.62 EPS, Q2 2025 earnings at $3.09 EPS and FY2026 earnings at $17.05 EPS.

A number of other equities analysts have also commented on UHS. Citigroup boosted their price objective on Universal Health Services from $170.00 to $193.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. boosted their target price on shares of Universal Health Services from $182.00 to $186.00 and gave the stock a “neutral” rating in a research note on Thursday. The Goldman Sachs Group raised their price target on shares of Universal Health Services from $170.00 to $189.00 and gave the company a “buy” rating in a report on Monday, March 4th. Robert W. Baird started coverage on Universal Health Services in a research report on Thursday. They issued a “neutral” rating and a $198.00 price objective on the stock. Finally, Cantor Fitzgerald reiterated an “underweight” rating and issued a $156.00 price target on shares of Universal Health Services in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $188.60.

View Our Latest Research Report on UHS

Universal Health Services Stock Performance

NYSE:UHS opened at $185.90 on Thursday. The stock has a market capitalization of $12.44 billion, a P/E ratio of 15.75, a price-to-earnings-growth ratio of 0.87 and a beta of 1.26. Universal Health Services has a 1 year low of $119.90 and a 1 year high of $186.65. The firm has a 50 day moving average of $172.76 and a 200-day moving average of $161.55. The company has a current ratio of 1.38, a quick ratio of 1.28 and a debt-to-equity ratio of 0.75.

Universal Health Services (NYSE:UHSGet Free Report) last posted its earnings results on Wednesday, April 24th. The health services provider reported $3.70 earnings per share for the quarter, topping the consensus estimate of $3.14 by $0.56. The business had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.78 billion. Universal Health Services had a net margin of 5.57% and a return on equity of 13.34%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.34 EPS.

Hedge Funds Weigh In On Universal Health Services

Several hedge funds have recently made changes to their positions in the business. Goldentree Asset Management LP acquired a new position in Universal Health Services during the first quarter worth $21,378,000. Cetera Advisors LLC acquired a new position in shares of Universal Health Services during the 1st quarter worth about $642,000. Cetera Investment Advisers boosted its stake in shares of Universal Health Services by 134.2% during the 1st quarter. Cetera Investment Advisers now owns 8,744 shares of the health services provider’s stock worth $1,595,000 after buying an additional 5,010 shares during the last quarter. LRI Investments LLC bought a new position in shares of Universal Health Services in the 1st quarter valued at about $59,000. Finally, iA Global Asset Management Inc. increased its position in shares of Universal Health Services by 24.0% in the first quarter. iA Global Asset Management Inc. now owns 4,350 shares of the health services provider’s stock valued at $794,000 after acquiring an additional 842 shares during the last quarter. 86.05% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Universal Health Services news, CFO Steve Filton sold 35,000 shares of Universal Health Services stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $176.82, for a total value of $6,188,700.00. Following the sale, the chief financial officer now owns 68,785 shares of the company’s stock, valued at approximately $12,162,563.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 16.10% of the company’s stock.

Universal Health Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Monday, June 3rd. Universal Health Services’s payout ratio is presently 6.78%.

Universal Health Services Company Profile

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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.

Further Reading

Earnings History and Estimates for Universal Health Services (NYSE:UHS)

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