Q2 2024 EPS Estimates for Universal Health Services, Inc. (NYSE:UHS) Boosted by Analyst

Universal Health Services, Inc. (NYSE:UHS - Free Report) - Analysts at Zacks Research raised their Q2 2024 earnings estimates for Universal Health Services in a research note issued to investors on Wednesday, May 8th. Zacks Research analyst D. Chatterjee now forecasts that the health services provider will earn $3.17 per share 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.

UHS has been the topic of several other reports. TD Cowen raised their target price on shares of Universal Health Services from $181.00 to $183.00 and gave the stock a "hold" rating in a report on Tuesday, April 30th. Stephens reaffirmed an "equal weight" rating and issued a $185.00 target price on shares of Universal Health Services in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft lowered their target price on Universal Health Services from $208.00 to $203.00 and set a "buy" rating for the company in a report on Friday, April 12th. Royal Bank of Canada boosted their price target on Universal Health Services from $183.00 to $189.00 and gave the company a "sector perform" rating in a report on Tuesday. Finally, The Goldman Sachs Group lifted their target price on Universal Health Services from $170.00 to $189.00 and gave the company a "buy" rating in a research report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Universal Health Services presently has a consensus rating of "Hold" and an average target price of $183.20.

Universal Health Services Stock Up 0.6 %

Shares of NYSE:UHS traded up $1.04 during trading on Friday, hitting $178.09. 572,876 shares of the company's stock traded hands, compared to its average volume of 787,562. The company has a current ratio of 1.38, a quick ratio of 1.28 and a debt-to-equity ratio of 0.75. The company has a 50-day moving average price of $171.76 and a 200-day moving average price of $156.07. Universal Health Services has a 52 week low of $119.90 and a 52 week high of $183.61. The company has a market cap of $11.97 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 0.85 and a beta of 1.26.

Universal Health Services (NYSE:UHS - Get Free Report) last released its quarterly earnings data 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. Universal Health Services had a net margin of 5.57% and a return on equity of 13.34%. The business had revenue of $3.84 billion during the quarter, compared to analysts' expectations of $3.78 billion. During the same quarter in the prior year, the company earned $2.34 EPS. The firm's quarterly revenue was up 10.8% on a year-over-year basis.

Insiders Place Their Bets

In other news, CFO Steve Filton sold 35,000 shares of Universal Health Services stock in a transaction dated 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 of the company's stock, valued at approximately $12,162,563.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 16.10% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Todd Asset Management LLC increased its holdings in shares of Universal Health Services by 17.9% in the fourth quarter. Todd Asset Management LLC now owns 159,605 shares of the health services provider's stock valued at $24,330,000 after purchasing an additional 24,279 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Universal Health Services by 14.2% in the 4th quarter. Russell Investments Group Ltd. now owns 74,240 shares of the health services provider's stock valued at $11,317,000 after acquiring an additional 9,221 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Universal Health Services by 3.5% during the third quarter. JPMorgan Chase & Co. now owns 1,090,010 shares of the health services provider's stock worth $137,047,000 after acquiring an additional 37,243 shares during the period. UBS Group AG grew its position in shares of Universal Health Services by 51.2% in the third quarter. UBS Group AG now owns 62,949 shares of the health services provider's stock valued at $7,915,000 after purchasing an additional 21,325 shares during the last quarter. Finally, Lazard Asset Management LLC increased its stake in shares of Universal Health Services by 4,622.3% during the third quarter. Lazard Asset Management LLC now owns 16,906 shares of the health services provider's stock worth $2,125,000 after purchasing an additional 16,548 shares during the period. 86.05% of the stock is owned by institutional investors and hedge funds.

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.