Universal Health Services (NYSE:UHS) Releases FY 2024 Earnings Guidance

Universal Health Services (NYSE:UHSGet Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 13.000-14.000 for the period, compared to the consensus estimate of 11.750. The company issued revenue guidance of $15.4 billion-$15.7 billion, compared to the consensus revenue estimate of $15.0 billion. Universal Health Services also updated its FY24 guidance to $13.00-14.00 EPS.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group raised shares of Universal Health Services from a sell rating to a buy rating and set a $170.00 price objective on the stock in a report on Monday, December 11th. UBS Group lifted their price objective on shares of Universal Health Services from $152.00 to $177.00 and gave the company a neutral rating in a research report on Thursday. Wells Fargo & Company upgraded shares of Universal Health Services from an equal weight rating to an overweight rating and lifted their price objective for the company from $144.00 to $177.00 in a research report on Tuesday, January 2nd. StockNews.com upgraded shares of Universal Health Services from a hold rating to a buy rating in a research report on Monday, January 8th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Universal Health Services from $152.00 to $144.00 and set a neutral rating on the stock in a research report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Universal Health Services has a consensus rating of Hold and an average price target of $160.14.

Get Our Latest Report on Universal Health Services

Universal Health Services Trading Up 1.8 %

NYSE UHS traded up $2.86 on Thursday, hitting $164.39. 310,559 shares of the stock were exchanged, compared to its average volume of 492,849. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.28 and a current ratio of 1.38. The stock has a fifty day moving average price of $158.30 and a two-hundred day moving average price of $140.87. The firm has a market capitalization of $11.22 billion, a P/E ratio of 15.76, a P/E/G ratio of 1.43 and a beta of 1.24. Universal Health Services has a 52-week low of $113.69 and a 52-week high of $176.43.

Universal Health Services (NYSE:UHSGet Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The health services provider reported $3.13 EPS for the quarter, topping the consensus estimate of $3.02 by $0.11. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.66 billion. Universal Health Services had a net margin of 5.03% and a return on equity of 12.13%. Universal Health Services’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.02 earnings per share. Research analysts forecast that Universal Health Services will post 12.01 EPS for the current fiscal year.

Universal Health Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Thursday, February 29th. Universal Health Services’s dividend payout ratio is currently 7.80%.

Institutional Trading of Universal Health Services

Large investors have recently made changes to their positions in the stock. Schroder Investment Management Group bought a new stake in shares of Universal Health Services in the fourth quarter valued at about $206,000. Silvercrest Asset Management Group LLC bought a new stake in shares of Universal Health Services in the fourth quarter valued at about $205,000. Eqis Capital Management Inc. bought a new stake in shares of Universal Health Services in the fourth quarter valued at about $204,000. First Republic Investment Management Inc. bought a new stake in shares of Universal Health Services in the fourth quarter valued at about $203,000. Finally, Acadian Asset Management LLC raised its holdings in shares of Universal Health Services by 550.6% in the first quarter. Acadian Asset Management LLC now owns 1,568 shares of the health services provider’s stock valued at $198,000 after acquiring an additional 1,327 shares in the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

About Universal Health Services

(Get Free Report)

Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities. The company operates through Acute Care Hospital Services and Behavioral Health Care Services segments. Its 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.

See Also

Earnings History and Estimates for Universal Health Services (NYSE:UHS)

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