U.S. Physical Therapy, Inc. (NYSE:USPH) to Issue $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 paid a dividend of 0.45 per share on Friday, September 12th. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, August 22nd.

U.S. Physical Therapy has a payout ratio of 61.0% meaning 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 Stock Down 0.9%

Shares of NYSE:USPH traded down $0.81 during trading on Monday, hitting $86.88. 77,481 shares of the company were exchanged, compared to its average volume of 143,150. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 37.94, a P/E/G ratio of 4.46 and a beta of 1.45. U.S. Physical Therapy has a fifty-two week low of $62.77 and a fifty-two week high of $101.19. The firm has a fifty day moving average price of $76.40 and a two-hundred day moving average price of $76.96. The company has a current ratio of 1.18, a quick ratio of 1.17 and a debt-to-equity ratio of 0.30.

U.S. Physical Therapy (NYSE:USPH - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.10. U.S. Physical Therapy had a return on equity of 8.78% and a net margin of 5.05%. The company had revenue of $197.34 million during the quarter, compared to analysts' expectations of $190.24 million. During the same quarter in the prior year, the firm posted $0.73 earnings per share. The business's quarterly revenue was up 18.0% on a year-over-year basis. As a group, research analysts anticipate that U.S. Physical Therapy will post 2.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wall Street Zen upgraded U.S. Physical Therapy from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Barrington Research raised their price objective on U.S. Physical Therapy from $98.00 to $103.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, JMP Securities reiterated a "market outperform" rating and set a $113.00 price objective on shares of U.S. Physical Therapy in a research note on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, U.S. Physical Therapy has a consensus rating of "Moderate Buy" and an average price target of $110.25.

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.