Universal Health Services (NYSE:UHS) posted its earnings results on Thursday. The health services provider reported $2.76 EPS for the quarter, beating the consensus estimate of $2.49 by $0.27, Fidelity Earnings reports. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.81 billion. Universal Health Services had a return on equity of 16.21% and a net margin of 7.26%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the company earned $2.47 earnings per share.
NYSE UHS traded up $14.92 during trading hours on Friday, hitting $151.89. 2,902,080 shares of the company’s stock were exchanged, compared to its average volume of 702,166. The firm has a 50-day moving average of $128.66. Universal Health Services has a 1-year low of $112.79 and a 1-year high of $157.79. The stock has a market cap of $12.35 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 1.69 and a beta of 1.04. The company has a current ratio of 1.18, a quick ratio of 1.09 and a debt-to-equity ratio of 0.69.
UHS has been the subject of several research reports. Bank of America increased their target price on Universal Health Services from $158.00 to $165.00 and gave the company a “buy” rating in a research report on Friday. BMO Capital Markets increased their price target on Discover Financial Services to $92.00 and gave the company a “market perform” rating in a research note on Monday, April 29th. UBS Group reissued a “buy” rating on shares of Fortis in a research note on Friday, June 7th. Finally, Barclays set a $24.00 price target on Tenet Healthcare and gave the company a “hold” rating in a research note on Wednesday, April 17th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. Universal Health Services has an average rating of “Hold” and a consensus target price of $144.20.
About Universal Health Services
Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, outpatient facilities, and behavioral health care facilities. The company operates through Acute Care Hospital Services, Behavioral Health Care Services, and Other segments. Its hospital offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services, pharmacy services, and/or behavioral health services.
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