Universal Health Services (UHS) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $1.98 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.11. Analysts had a consensus of $1.87. The company posted revenue of $2619.50 million in the period, compared to analysts expectations of $2593.95 million. The company’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.78 EPS.
Many Wall Street Analysts have commented on Universal Health Services. Universal Health Services was Downgraded by Standpoint Research to ” Hold” on Apr 21, 2016. Universal Health Services was Upgraded by Wells Fargo to ” Outperform” on Mar 29, 2016. Universal Health Services was Upgraded by Sterne Agee CRT to ” Neutral” on Mar 2, 2016.
Universal Health Services opened for trading at $127.77 and hit $130.33 on the upside on Friday, eventually ending the session at $129.18, with a gain of 1.17% or 1.5 points. The heightened volatility saw the trading volume jump to 6,06,355 shares. Company has a market cap of $12,617 M.
In a different news, on Mar 9, 2016, Robert H Hotz (director) sold 7,077 shares at $113.06 per share price. According to the SEC, on Mar 9, 2016, Lawrence S. Gibbs (director) sold 6,000 shares at $112.14 per share price. On Dec 14, 2015, John H Herrell (director) sold 1,200 shares at $117.38 per share price, according to the Form-4 filing with the securities and exchange commission.
Universal Health Services Inc. is a holding company. The Company operates through its subsidiaries which owns and operates acute care hospitals behavioral health centers surgical hospitals ambulatory surgery centers and radiation oncology centers. The Companys segments include acute care hospital services behavioral health care services and Other. The Companys ambulatory treatment centers division includes managing and/or owning or in partnerships with physicians five surgical hospitals and surgery and radiation oncology centers located in four states. Its services include 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. It provides capital resources as well as various management services to its facilities. The Companys subsidiary is UHS of Delaware Inc.