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

Universal Health Services (NYSE:UHS) is scheduled to be issuing 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.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

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

Shares of NYSE:UHS opened at $161.33 on Wednesday. The company’s 50-day moving average is $170.72 and its 200 day moving average is $151.72. 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 company has a market capitalization of $10.84 billion, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 0.80 and a beta of 1.24. Universal Health Services has a fifty-two week low of $119.90 and a fifty-two week high of $183.61.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on UHS shares. Wells Fargo & Company upped their price target on Universal Health Services from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. UBS Group upped their price objective on shares of Universal Health Services from $152.00 to $177.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. StockNews.com upgraded shares of Universal Health Services from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. JPMorgan Chase & Co. upped their price objective on shares of Universal Health Services from $144.00 to $182.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Finally, Cantor Fitzgerald restated an “underweight” rating and issued a $156.00 price objective on shares of Universal Health Services in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Universal Health Services has a consensus rating of “Moderate Buy” and an average price target of $179.71.

Insider Activity

In related news, CFO Steve Filton sold 35,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief financial officer now owns 68,785 shares of the company’s stock, valued at $12,162,563.70. The sale 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.

Institutional Trading of Universal Health Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UHS. Bessemer Group Inc. raised its holdings in Universal Health Services by 76.4% in the fourth quarter. Bessemer Group Inc. now owns 187 shares of the health services provider’s stock worth $26,000 after purchasing an additional 81 shares in the last quarter. Belpointe Asset Management LLC raised its holdings in Universal Health Services by 45.4% in the first quarter. Belpointe Asset Management LLC now owns 253 shares of the health services provider’s stock worth $32,000 after purchasing an additional 79 shares in the last quarter. PCA Investment Advisory Services Inc. bought a new position in Universal Health Services in the second quarter worth $46,000. Atlas Capital Advisors LLC raised its holdings in Universal Health Services by 77.5% in the fourth quarter. Atlas Capital Advisors LLC now owns 355 shares of the health services provider’s stock worth $54,000 after purchasing an additional 155 shares in the last quarter. Finally, Ancora Advisors LLC raised its holdings in Universal Health Services by 33.3% in the first quarter. Ancora Advisors LLC now owns 400 shares of the health services provider’s stock worth $53,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors 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.