Notable Stock to Watch: Universal Health Services (NYSE: UHS)

Universal Health Services (NYSE: UHS) stock identified change of 21.44% away from 52-week low price and recently located move of -3.69% off 52-week high price. It has market worth of $12395.79M and dividend yield of 0.29%. UHS stock has been recorded 8.25% away from 50 day moving average and 6.92% away from 200 day moving average. Moving closer, we can see that shares have been trading 4.07% off 20-day moving average.

On July 25, 2019 Universal Health Services (NYSE: UHS) announced that its reported net income attributable to UHS was $238.3 million, or $2.66 per diluted share, during the second quarter of 2019 as compared to $226.1 million, or $2.39 per diluted share, during the comparable quarter of 2018.  Net revenues increased 6.5% to $2.855 billion during the second quarter of 2019 as compared to $2.681 billion during the second quarter of 2018.

For the three-month period ended June 30, 2019, our adjusted net income attributable to UHS, as calculated on the attached Schedule of Non-GAAP Supplemental Information (Supplemental Schedule), was $247.2 million, or $2.76 per diluted share, as compared to $233.3 million, or $2.47 per diluted share, during the second quarter of 2018.

Included in our reported and our adjusted net income attributable to UHS is a pre-tax unrealized gain of $6.9 million, or $.06 per diluted share, during the second quarter of 2019, and $8.0 million, or $.06 per diluted share, during the second quarter of 2018. These unrealized gains, which are included in Other (income) expense, net on the accompanying consolidated statements of income, resulted from an increase in the market value of shares of certain marketable securities held for investment and classified as available for sale. 

As reflected on the Supplemental Schedule, included in our reported results during the second quarter of 2019, is an aggregate net unfavorable after-tax impact of $8.9 million, or $.10 per diluted share, resulting from: (i) an unfavorable after-tax impact of $8.4 million, or $.09 per diluted share, resulting from an $11.0 million pre-tax increase in the reserve (DOJ Reserve) established in connection with the discussions with the Department of Justice (DOJ), which have recently resulted in an agreement in principle with the DOJ’s Civil Division (which is subject to certain conditions as discussed below), and; (ii) an unfavorable after-tax impact of $509,000, or $.01 per diluted share, resulting from our adoption of ASU 2016-09, Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting (ASU 2016-09).

As reflected on the Supplemental Schedule, included in our reported results during the second quarter of 2018, is a net aggregate unfavorable after-tax impact of $7.3 million, or $.08 per diluted share, substantially all of which related to the unfavorable after-tax impact of $7.2 million, or $.08 per diluted share, resulting from a $9.5 million pre-tax increase in the DOJ Reserve. 

 The Healthcare sector company, Universal Health Services noticed change of -0.02% to $136.97 along volume of 932372 shares in recent session compared to an average volume of 645.96K. The stock observed return of 2.85% in 5 days trading activity.The stock was at 6.48% over one month performance. UHS’s shares are at 4.00% for the quarter and driving a 19.80% return over the course of the past year and is now at 17.51% since this point in 2018. 

 The average volatility for the week at 1.83% and for month was at 1.80%. There are 90.5M shares outstanding and 80.51M shares are floated in market.Right now the stock beta is 1.08. 

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