Universal Health Services, Inc. (UHS) is a leading hospital company that operates through its subsidiaries. The company’s Board of Directors has recently declared a regular quarterly dividend of $0.20 per share ($0.80 annualized), which is scheduled to be paid on June 15, 2023, to shareholders of record as of June 1, 2023. This dividend amount has remained unchanged for the past few quarters, indicating the company’s consistency in generating profits and its commitment to returning value to its shareholders. Interested parties can review UHS’s dividend payment history on the Nasdaq Dividend History page. As of May 26, 2023, this announcement marks another significant milestone for UHS as it continues to deliver quality healthcare services to its customers.
UHS Stock Update: Opening Price, Volume, and Earnings Forecast for July 2023
On May 26, 2023, UHS (Universal Health Services) started the day with an opening price of $126.94, slightly lower than the previous day’s closing price of $127.60. The day’s range was between $125.67 and $128.27, with a total volume of 623,389 shares traded. The average volume for the past three months was 648,665 shares. The market cap for UHS was $9.4 billion.
UHS is expected to report its next earnings on July 24, 2023, with an EPS forecast of $2.42. The annual revenue for UHS in the last year was $13.4 billion, with an annual profit of $674.9 million. The net profit margin for UHS was 5.04%.
UHS operates in the hospital/nursing management industry and is headquartered in King of Prussia, Pennsylvania.
Universal Health Services Inc (UHS) Predicted to See 19.23% Increase in Median Target Price by 2023
On May 26, 2023, Universal Health Services Inc (UHS) was predicted to have a median target price of $152.50 by 16 analysts offering 12-month price forecasts. The high estimate was $165.00, while the low estimate was $139.00. This median estimate represented a 19.23% increase from the last price of $127.90.
This optimistic forecast was likely based on various factors, including UHS’s strong financial performance and growth potential. The company had reported earnings per share of $2.42 and sales of $3.5 billion for the current quarter.
Despite the positive forecast, the current consensus among 19 polled investment analysts was to hold stock in UHS. This rating had held steady since May, indicating that investors were cautious about the stock’s future performance.
However, UHS had a track record of delivering solid financial results, which could help boost investor confidence in the company’s growth prospects. UHS had been expanding its operations through acquisitions and partnerships, which could help drive future growth.
Overall, UHS’s stock performance on May 26, 2023, was likely to be influenced by various factors, including the company’s financial results, growth prospects, and investor sentiment. Despite the cautious hold rating among analysts, UHS’s strong financial performance and growth potential could help support its stock price in the long run.
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