U.S. Physical Therapy (USPH) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.43 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.39. The company posted revenue of $86.90 million in the period, compared to analysts expectations of $83.84 million. The company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.
Many Wall Street Analysts have commented on U.S. Physical Therapy. U.S. Physical Therapy was Downgraded by Jefferies to ” Hold” on Mar 1, 2016.
U.S. Physical Therapy opened for trading at $50.18 and hit $50.46 on the upside on Wednesday, eventually ending the session at $50.13, with a gain of 0.46% or 0.23 points. The heightened volatility saw the trading volume jump to 61,965 shares. Company has a market cap of $627 M.
In a different news, on Mar 15, 2016, Jerald L Pullins (director) sold 5,000 shares at $51.35 per share price. According to the SEC, on Mar 8, 2016, Lawrance W Mcafee (Chief Financial Officer) sold 5,000 shares at $52.74 per share price. On Dec 31, 2015, Clayton Trier (director) sold 4,500 shares at $55.23 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.