Zacks: Analysts Anticipate Universal Health Services, Inc. Class B (UHS) Will Post Earnings of $2.00 Per Share

Analysts forecast that Universal Health Services, Inc. Class B (NYSE:UHS) will post earnings of $2.00 per share for the current quarter, Zacks reports. Six analysts have made estimates for Universal Health Services, Inc. Class B’s earnings. The highest EPS estimate is $2.09 and the lowest is $1.88. Universal Health Services, Inc. Class B reported earnings per share of $1.64 during the same quarter last year, which suggests a positive year over year growth rate of 22%. The business is scheduled to report its next earnings report after the market closes on Thursday, October 25th.

On average, analysts expect that Universal Health Services, Inc. Class B will report full year earnings of $9.51 per share for the current year, with EPS estimates ranging from $9.43 to $9.64. For the next fiscal year, analysts anticipate that the business will report earnings of $10.29 per share, with EPS estimates ranging from $9.78 to $10.56. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Universal Health Services, Inc. Class B.

Universal Health Services, Inc. Class B (NYSE:UHS) last released its quarterly earnings results on Wednesday, July 25th. The health services provider reported $2.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.39 by $0.08. Universal Health Services, Inc. Class B had a return on equity of 15.74% and a net margin of 7.68%. The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same period in the previous year, the firm posted $1.94 earnings per share. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year.

UHS has been the subject of a number of analyst reports. BMO Capital Markets cut Universal Health Services, Inc. Class B from an “outperform” rating to a “market perform” rating and set a $130.00 price target for the company. in a report on Wednesday, August 1st. TheStreet raised Universal Health Services, Inc. Class B from a “c+” rating to a “b” rating in a report on Monday, July 23rd. Zacks Investment Research raised Universal Health Services, Inc. Class B from a “hold” rating to a “buy” rating and set a $139.00 price target for the company in a report on Monday, August 6th. Morgan Stanley boosted their price target on Universal Health Services, Inc. Class B from $120.00 to $122.00 and gave the stock an “equal weight” rating in a report on Friday, July 27th. Finally, Goldman Sachs Group cut Universal Health Services, Inc. Class B from a “buy” rating to a “neutral” rating and set a $120.00 price target for the company. in a report on Wednesday, July 18th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $135.27.

Large investors have recently made changes to their positions in the company. BlackRock Inc. grew its position in Universal Health Services, Inc. Class B by 1.0% during the second quarter. BlackRock Inc. now owns 6,529,283 shares of the health services provider’s stock valued at $727,623,000 after acquiring an additional 63,817 shares during the period. FMR LLC grew its position in Universal Health Services, Inc. Class B by 16.9% during the second quarter. FMR LLC now owns 4,123,674 shares of the health services provider’s stock valued at $459,542,000 after acquiring an additional 596,965 shares during the period. Epoch Investment Partners Inc. grew its position in Universal Health Services, Inc. Class B by 37.0% during the second quarter. Epoch Investment Partners Inc. now owns 1,267,363 shares of the health services provider’s stock valued at $141,234,000 after acquiring an additional 342,013 shares during the period. Dimensional Fund Advisors LP grew its position in Universal Health Services, Inc. Class B by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,237,237 shares of the health services provider’s stock valued at $137,887,000 after acquiring an additional 9,418 shares during the period. Finally, Wells Fargo & Company MN grew its position in Universal Health Services, Inc. Class B by 3.4% during the second quarter. Wells Fargo & Company MN now owns 1,202,715 shares of the health services provider’s stock valued at $134,031,000 after acquiring an additional 39,531 shares during the period. 87.35% of the stock is owned by institutional investors and hedge funds.

NYSE UHS opened at $125.79 on Wednesday. Universal Health Services, Inc. Class B has a fifty-two week low of $95.26 and a fifty-two week high of $132.63. The firm has a market capitalization of $11.73 billion, a PE ratio of 16.90, a P/E/G ratio of 1.18 and a beta of 0.83. The company has a quick ratio of 1.20, a current ratio of 1.30 and a debt-to-equity ratio of 0.72.

About Universal Health Services, Inc. Class B

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.

Read More: Exchange-Traded Funds (ETFs)

Get a free copy of the Zacks research report on Universal Health Services, Inc. Class B (UHS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Universal Health Services, Inc. Class B (NYSE:UHS)

Receive News & Ratings for Universal Health Services Inc. Class B Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Health Services Inc. Class B and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply