Revenue Update on Universal Health Services(NYSE:UHS)

Universal Health Services(NYSE:UHS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $2.43B. Analysts estimated a revenue of $2.47B. Earnings per share were $1.94. Analysts had estimated an EPS of $1.94.

In a different note, On Jun 13, 2016, Ladenburg Thalmann said it Upgrades its rating on Universal Health Services. The shares have been rated ‘Outperform’ by the firm.

Universal Health Services (UHS) shares turned negative on Fridays trading session with the shares closing down -0.45 points or -0.35% at a volume of 13,81,752. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $129.72. The peak price level was also seen at $129.72 while the days lowest was $127.72. Finally the shares closed at $129.53. The 52-week high of the shares is $148.57 while the 52-week low is $100.82. According to the latest information available, the market cap of the company is $12,570 M.

Universal Health Services has also declared a cash dividend of $0.1000 on Jul 20, 2016. The shares will quote ex-dividend on Aug 30, 2016 and the record date has been fixed on Sep 1, 2016. The dividend payable date has been fixed on Sep 15, 2016.

Several Insider Transactions has been reported to the SEC. On Jun 10, 2016, Debra K Osteen (Senior Vice President) sold 6,756 shares at $138.27 per share price.Also, On Jun 6, 2016, Marvin G. Pember (Senior Vice President) sold 16,105 shares at $135.70 per share price.On Jun 2, 2016, Steve Filton (Senior Vice President & CFO) sold 15,000 shares at $136.01 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 Company’s segments include acute care hospital services behavioral health care services and Other. The Company’s 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 Company’s subsidiary is UHS of Delaware Inc.

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