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

Universal Health Services (NYSE:UHS) is set to issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce 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 interested in listening to the company’s conference call can do so using this link.

Universal Health Services (NYSE:UHS) last announced its quarterly earnings results on Tuesday, February 27th. The health services provider reported $3.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.11. Universal Health Services had a return on equity of 12.08% and a net margin of 5.03%. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter in the previous year, the business earned $3.02 EPS. Universal Health Services’s revenue was up 7.4% compared to the same quarter last year. 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 Stock Up 2.3 %

Shares of NYSE:UHS opened at $161.13 on Tuesday. Universal Health Services has a 1 year low of $119.90 and a 1 year high of $183.61. The company has a market cap of $10.83 billion, a PE ratio of 15.70, a P/E/G ratio of 0.79 and a beta of 1.24. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.40 and a quick ratio of 1.29. The stock’s 50-day moving average is $170.33 and its 200 day moving average is $152.65.

Analyst Ratings Changes

Several research firms have weighed in on UHS. Citigroup lifted their price objective on Universal Health Services from $170.00 to $193.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. StockNews.com raised Universal Health Services from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. UBS Group lifted their price objective on Universal Health Services from $152.00 to $177.00 and gave the company a “neutral” rating in a research report on Thursday, February 29th. Cantor Fitzgerald reaffirmed an “underweight” rating and set a $156.00 price objective on shares of Universal Health Services in a research report on Wednesday, April 10th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Universal Health Services from $208.00 to $203.00 and set a “buy” rating on the stock in a research report on Friday, April 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $179.71.

Insider Transactions at Universal Health Services

In related news, CFO Steve Filton sold 35,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 68,785 shares of the company’s stock, valued at approximately $12,162,563.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 16.10% 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.