Universal Health Services, Inc. Class B (NYSE:UHS) Declares $0.10 Quarterly Dividend

Universal Health Services, Inc. Class B (NYSE:UHS) announced a quarterly dividend on Friday, July 20th, Wall Street Journal reports. Investors of record on Tuesday, September 4th will be paid a dividend of 0.10 per share by the health services provider on Monday, September 17th. This represents a $0.40 annualized dividend and a yield of 0.32%. The ex-dividend date is Friday, August 31st.

Universal Health Services, Inc. Class B has raised its dividend by an average of 10.1% per year over the last three years. Universal Health Services, Inc. Class B has a payout ratio of 4.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Universal Health Services, Inc. Class B to earn $10.28 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 3.9%.

Shares of NYSE:UHS opened at $124.41 on Friday. The company has a market cap of $11.60 billion, a P/E ratio of 16.52, a PEG ratio of 1.16 and a beta of 0.86. Universal Health Services, Inc. Class B has a 12 month low of $95.26 and a 12 month high of $128.15. The company has a current ratio of 1.30, a quick ratio of 1.20 and a debt-to-equity ratio of 0.72.

Universal Health Services, Inc. Class B (NYSE:UHS) last posted its quarterly earnings results on Wednesday, July 25th. The health services provider reported $2.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.39 by $0.08. The company had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.72 billion. Universal Health Services, Inc. Class B had a return on equity of 15.74% and a net margin of 7.68%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.94 earnings per share. analysts anticipate that Universal Health Services, Inc. Class B will post 9.5 earnings per share for the current fiscal year.

Several research analysts have issued reports on the company. Zacks Investment Research cut Universal Health Services, Inc. Class B from a “buy” rating to a “hold” rating in a report on Friday, April 27th. TheStreet downgraded shares of Universal Health Services, Inc. Class B from a “b” rating to a “c+” rating in a research note on Friday, June 8th. Morgan Stanley boosted their target price on shares of Universal Health Services, Inc. Class B from $120.00 to $122.00 and gave the company an “equal weight” rating in a research note on Friday, July 27th. Goldman Sachs Group downgraded shares of Universal Health Services, Inc. Class B from a “buy” rating to a “neutral” rating and set a $120.00 target price on the stock. in a research note on Wednesday, July 18th. Finally, ValuEngine downgraded shares of Universal Health Services, Inc. Class B from a “hold” rating to a “sell” rating in a research note on Friday, June 15th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $132.40.

About Universal Health Services, Inc. Class B

Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, outpatient facilities, and behavioral health care facilities. The company operates through Acute Care Hospital Services, Behavioral Health Care Services, and Other segments. Its hospital offer 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.

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Dividend History for Universal Health Services, Inc. Class B (NYSE:UHS)

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