Universal Health Services, Inc. (NYSE:UHS - Free Report) - Equities researchers at Zacks Research lowered their Q3 2024 earnings estimates for shares of Universal Health Services in a report issued on Wednesday, May 8th. Zacks Research analyst D. Chatterjee now anticipates that the health services provider will post earnings of $3.00 per share for the quarter, down from their previous forecast of $3.19. The consensus estimate for Universal Health Services' current full-year earnings is $13.58 per share. Zacks Research also issued estimates for Universal Health Services' Q4 2024 earnings at $3.63 EPS, Q3 2025 earnings at $3.40 EPS and Q4 2025 earnings at $3.50 EPS.
Universal Health Services (NYSE:UHS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The health services provider reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.14 by $0.56. The business had revenue of $3.84 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 10.8% on a year-over-year basis. During the same period last year, the company earned $2.34 EPS.
A number of other analysts also recently issued reports on UHS. Barclays raised their price target on Universal Health Services from $181.00 to $189.00 and gave the stock an "equal weight" rating in a research report on Friday, April 26th. The Goldman Sachs Group increased their target price 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. Mizuho increased their target price on Universal Health Services from $175.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, March 6th. Citigroup increased their target price 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. Finally, JPMorgan Chase & Co. increased their target price on Universal Health Services from $144.00 to $182.00 and gave the stock a "neutral" rating in a research note on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Universal Health Services has a consensus rating of "Hold" and a consensus price target of $183.20.
View Our Latest Stock Report on Universal Health Services
Universal Health Services Trading Up 0.3 %
UHS traded up $0.50 during trading on Monday, reaching $178.59. The company had a trading volume of 582,022 shares, compared to its average volume of 604,751. The stock has a market cap of $12.00 billion, a P/E ratio of 15.13, a PEG ratio of 0.89 and a beta of 1.26. The business has a 50 day simple moving average of $171.98 and a 200-day simple moving average of $157.28. Universal Health Services has a 52 week low of $119.90 and a 52 week high of $183.61. The company has a quick ratio of 1.28, a current ratio of 1.38 and a debt-to-equity ratio of 0.75.
Institutional Investors Weigh In On Universal Health Services
Institutional investors have recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. acquired a new stake in Universal Health Services in the first quarter worth about $32,000. EverSource Wealth Advisors LLC boosted its holdings in Universal Health Services by 42.8% in the third quarter. EverSource Wealth Advisors LLC now owns 267 shares of the health services provider's stock worth $34,000 after acquiring an additional 80 shares in the last quarter. Mather Group LLC. acquired a new stake in Universal Health Services in the first quarter worth about $36,000. Headlands Technologies LLC acquired a new stake in Universal Health Services in the first quarter worth about $36,000. Finally, Denali Advisors LLC acquired a new stake in shares of Universal Health Services during the first quarter worth about $37,000. Institutional investors own 86.05% of the company's stock.
Insider Activity at Universal Health Services
In related news, CFO Steve Filton sold 35,000 shares of the firm's stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $176.82, for a total transaction of $6,188,700.00. Following 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 filing with the SEC, which is available through the SEC website. 16.10% of the stock is owned by corporate insiders.
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.
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