Universal Health Services, Inc. (NYSE:UHS) announced a quarterly dividend on Friday, January 19th, Wall Street Journal reports. Stockholders of record on Thursday, March 1st will be given a dividend of 0.10 per share by the health services provider on Thursday, March 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend is Wednesday, February 28th.
Universal Health Services has increased its dividend by an average of 10.1% annually over the last three years. Universal Health Services has a dividend payout ratio of 5.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Universal Health Services to earn $7.94 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 5.0%.
Shares of Universal Health Services (NYSE UHS) traded up $0.77 during mid-day trading on Friday, reaching $118.09. 1,839,851 shares of the company’s stock were exchanged, compared to its average volume of 1,038,728. Universal Health Services has a twelve month low of $95.26 and a twelve month high of $129.74. The company has a quick ratio of 1.16, a current ratio of 1.26 and a debt-to-equity ratio of 0.80. The company has a market cap of $11,210.00, a P/E ratio of 16.24, a price-to-earnings-growth ratio of 2.45 and a beta of 0.97.
Universal Health Services (NYSE:UHS) last issued its quarterly earnings data on Wednesday, October 25th. The health services provider reported $1.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.27). Universal Health Services had a return on equity of 15.13% and a net margin of 6.90%. The firm had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the previous year, the company posted $1.60 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. research analysts predict that Universal Health Services will post 7.36 earnings per share for the current fiscal year.
Universal Health Services announced that its Board of Directors has initiated a share buyback program on Wednesday, November 15th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the health services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.
A number of brokerages have issued reports on UHS. Piper Jaffray Companies downgraded shares of Universal Health Services from an “overweight” rating to a “neutral” rating and set a $147.00 price objective for the company. in a research report on Wednesday, January 3rd. Goldman Sachs Group began coverage on shares of Universal Health Services in a research report on Wednesday, January 3rd. They issued a “buy” rating and a $137.00 price objective for the company. Zacks Investment Research raised shares of Universal Health Services from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $135.00 price objective (up from $125.00) on shares of Universal Health Services in a research report on Tuesday, December 19th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $134.00 price objective on shares of Universal Health Services in a research report on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. Universal Health Services has an average rating of “Buy” and an average target price of $130.50.
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Universal Health Services Company Profile
Universal Health Services, Inc is a holding company. The Company’s principal business is owning and operating, through its subsidiaries, acute care hospitals and outpatient facilities, and behavioral healthcare facilities. The Company’s segments include Acute Care Hospital Services, Behavioral Health Services and Other.
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