U.S. Physical Therapy, Inc. (NYSE:USPH) Announces $0.45 Quarterly Dividend

Key Points

• U.S. Physical Therapy, Inc. has declared a quarterly dividend of $0.45 per share, representing a 2.5% annual yield, payable on September 12 to shareholders of record as of August 22.
• The company reported earnings of $0.81 per share for the quarter, exceeding analysts' expectations of $0.71, and achieved revenue of $197.34 million, up 18% year-over-year.
• U.S. Physical Therapy's dividend payout ratio stands at 61.0%, indicating strong earnings capable of covering its annual dividend of $1.80.

U.S. Physical Therapy, Inc. (NYSE:USPH - Get Free Report) declared a quarterly dividend on Wednesday, August 6th, RTT News reports. Shareholders of record on Friday, August 22nd will be given a dividend of 0.45 per share on Friday, September 12th. This represents a c) dividend on an annualized basis and a yield of 2.5%.

U.S. Physical Therapy has a dividend payout ratio of 61.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect U.S. Physical Therapy to earn $2.93 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 61.4%.

U.S. Physical Therapy Trading Up 1.2%

Shares of U.S. Physical Therapy stock opened at $72.89 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. U.S. Physical Therapy has a 52-week low of $62.77 and a 52-week high of $101.19. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 33.44, a price-to-earnings-growth ratio of 3.49 and a beta of 1.45. The company's 50-day simple moving average is $75.99 and its 200-day simple moving average is $77.20.

U.S. Physical Therapy (NYSE:USPH - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.10. The firm had revenue of $197.34 million during the quarter, compared to the consensus estimate of $190.24 million. U.S. Physical Therapy had a net margin of 4.57% and a return on equity of 7.89%. U.S. Physical Therapy's revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.73 earnings per share. As a group, equities research analysts anticipate that U.S. Physical Therapy will post 2.67 earnings per share for the current year.

Insider Transactions at U.S. Physical Therapy

In other U.S. Physical Therapy news, Director Nancy Ham sold 400 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $78.01, for a total value of $31,204.00. Following the sale, the director directly owned 2,594 shares in the company, valued at $202,357.94. This represents a 13.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.00% of the company's stock.

Hedge Funds Weigh In On U.S. Physical Therapy

A number of institutional investors have recently added to or reduced their stakes in USPH. Assetmark Inc. boosted its holdings in shares of U.S. Physical Therapy by 35.7% in the second quarter. Assetmark Inc. now owns 570 shares of the company's stock worth $45,000 after buying an additional 150 shares during the last quarter. Portside Wealth Group LLC lifted its stake in shares of U.S. Physical Therapy by 3.9% during the 1st quarter. Portside Wealth Group LLC now owns 4,108 shares of the company's stock valued at $297,000 after buying an additional 154 shares in the last quarter. Precision Wealth Strategies LLC lifted its position in shares of U.S. Physical Therapy by 6.6% in the first quarter. Precision Wealth Strategies LLC now owns 3,054 shares of the company's stock valued at $221,000 after acquiring an additional 189 shares in the last quarter. Aquatic Capital Management LLC grew its position in shares of U.S. Physical Therapy by 18.0% during the fourth quarter. Aquatic Capital Management LLC now owns 1,298 shares of the company's stock worth $115,000 after purchasing an additional 198 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in shares of U.S. Physical Therapy by 4.4% during the first quarter. Bessemer Group Inc. now owns 4,929 shares of the company's stock valued at $357,000 after buying an additional 208 shares during the last quarter.

U.S. Physical Therapy Company Profile

U.S. Physical Therapy, Inc operates outpatient physical therapy clinics. The company operates through Physical Therapy Operations and Industrial Injury Prevention Services segments. The company provides pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers, and neurological-related injuries.

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