U.S. Physical Therapy (USPH) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.57 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.55. The company posted revenue of $90.40 million in the period, compared to analysts expectations of $90.37 million. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.
U.S. Physical Therapy closed down -0.23 points or -0.39% at $58.64 with 80,388 shares getting traded on Tusday. Post opening the session at $58.74, the shares hit an intraday low of $58.22 and an intraday high of $58.849 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Jun 13, 2016, Lawrance W Mcafee (Chief Financial Officer) sold 2,000 shares at $59.27 per share price. According to the SEC, on May 25, 2016, Bernard A Jr Harris (director) sold 2,912 shares at $19.75 per share price. On May 24, 2016, Regg E. Swanson (director) sold 3,000 shares at $57.29 per share price, according to the Form-4 filing with the securities and exchange commission.
U.S. Physical Therapy Inc. through its subsidiaries operates outpatient physical therapy clinics that provide pre-and post-operative care and treatment for orthopedic-related disorders sports-related injuries preventative care rehabilitation of injured workers and neurological-related injuries. The Company primarily operates through subsidiary clinic partnerships in which it owns a 1% general partnership interest and a 64% limited partnership interest and the managing therapists of the clinics owns the remaining limited partnership interest in the clinics. The Company provides services at its clinics on an outpatient basis. Patients are treated for approximately one hour per day two to three times a week for two to six weeks. The Company operates approximately 489 clinics in 42 states of the United States.