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

Universal Health Services (NYSE:UHS - Get Free Report) is scheduled to be announcing its earnings results 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.Investors that wish to register for the company's conference call can do so using this link.

Universal Health Services (NYSE:UHS - Get Free Report) last issued its earnings results on Tuesday, February 27th. The health services provider reported $3.13 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 business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.66 billion. During the same period in the previous year, the company posted $3.02 EPS. The firm'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 Down 0.9 %

Universal Health Services stock traded down $1.38 during midday trading on Wednesday, reaching $160.03. The stock had a trading volume of 546,683 shares, compared to its average volume of 547,935. Universal Health Services has a 12 month low of $119.90 and a 12 month high of $183.61. The company has a market capitalization of $10.76 billion, a P/E ratio of 15.60, a PEG ratio of 0.80 and a beta of 1.24. The company has a fifty day moving average price of $170.67 and a two-hundred day moving average price of $151.78. The company has a current ratio of 1.40, a quick ratio of 1.29 and a debt-to-equity ratio of 0.77.

Insider Transactions at Universal Health Services

In other news, CFO Steve Filton sold 35,000 shares of the business'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 owns 68,785 shares in the company, valued at approximately $12,162,563.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 16.10% of the company's stock.

Hedge Funds Weigh In On Universal Health Services

Institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. lifted its stake 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 valued at $26,000 after purchasing an additional 81 shares during the last quarter. Belpointe Asset Management LLC lifted its stake 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 valued at $32,000 after purchasing an additional 79 shares during the last quarter. PCA Investment Advisory Services Inc. purchased a new position in Universal Health Services in the second quarter valued at approximately $46,000. Ancora Advisors LLC raised its holdings in Universal Health Services by 33.3% during the 1st quarter. Ancora Advisors LLC now owns 400 shares of the health services provider's stock valued at $53,000 after acquiring an additional 100 shares during the period. Finally, Atlas Capital Advisors LLC raised its holdings in Universal Health Services by 77.5% during the 4th quarter. Atlas Capital Advisors LLC now owns 355 shares of the health services provider's stock valued at $54,000 after acquiring an additional 155 shares during the period. Hedge funds and other institutional investors own 86.05% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on UHS shares. Wells Fargo & Company boosted their target price 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. Barclays assumed coverage on Universal Health Services in a research note on Wednesday, March 6th. They set an "equal weight" rating and a $181.00 price target for the company. Citigroup lifted their price target on Universal Health Services from $170.00 to $193.00 and gave the company a "buy" rating in a research note on Thursday, February 29th. UBS Group lifted their price target on Universal Health Services from $152.00 to $177.00 and gave the company a "neutral" rating in a research note on Thursday, February 29th. Finally, StockNews.com upgraded Universal Health Services from a "hold" rating to a "buy" rating in a research note on Monday, January 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Universal Health Services presently has a consensus rating of "Moderate Buy" and an average target price of $179.71.

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.