U.S. Physical Therapy, Inc. (USPH) Expected to Post Quarterly Sales of $106.49 Million
Wall Street analysts forecast that U.S. Physical Therapy, Inc. (NYSE:USPH) will post sales of $106.49 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for U.S. Physical Therapy’s earnings. The lowest sales estimate is $102.07 million and the highest is $110.91 million. U.S. Physical Therapy posted sales of $90.86 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 17.2%. The company is scheduled to report its next quarterly earnings report on Wednesday, June 6th.
On average, analysts expect that U.S. Physical Therapy will report full-year sales of $106.49 million for the current financial year, with estimates ranging from $406.92 million to $415.75 million. For the next fiscal year, analysts anticipate that the business will report sales of $451.17 million per share, with estimates ranging from $440.26 million to $462.09 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover U.S. Physical Therapy.
U.S. Physical Therapy (NYSE:USPH) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.04). The business had revenue of $103.03 million during the quarter, compared to analyst estimates of $102.69 million. U.S. Physical Therapy had a return on equity of 13.37% and a net margin of 5.29%.
A number of research firms have issued reports on USPH. Cantor Fitzgerald reiterated a “buy” rating and issued a $72.00 target price on shares of U.S. Physical Therapy in a research note on Tuesday, September 26th. Sidoti upgraded U.S. Physical Therapy from a “neutral” rating to a “buy” rating and raised their target price for the company from $62.00 to $74.00 in a research note on Friday, September 8th. Zacks Investment Research cut U.S. Physical Therapy from a “buy” rating to a “hold” rating in a research note on Saturday, September 2nd. BidaskClub upgraded U.S. Physical Therapy from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, Barrington Research cut U.S. Physical Therapy from an “outperform” rating to a “market perform” rating in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $69.00.
U.S. Physical Therapy (NYSE:USPH) remained flat at $$70.65 during trading on Friday. The company’s stock had a trading volume of 24,403 shares, compared to its average volume of 57,333. The stock has a market cap of $899.55, a price-to-earnings ratio of 34.54, a P/E/G ratio of 3.07 and a beta of 1.08. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.04 and a quick ratio of 2.04. U.S. Physical Therapy has a twelve month low of $56.50 and a twelve month high of $78.00.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Thursday, November 16th. U.S. Physical Therapy’s dividend payout ratio is currently 48.19%.
In related news, CEO Christopher J. Reading sold 15,000 shares of U.S. Physical Therapy stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $66.52, for a total transaction of $997,800.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Lawrance W. Mcafee sold 800 shares of U.S. Physical Therapy stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $69.21, for a total value of $55,368.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,000 shares of company stock worth $1,535,652. Company insiders own 3.10% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its stake in U.S. Physical Therapy by 2.1% in the 2nd quarter. Wells Fargo & Company MN now owns 45,372 shares of the company’s stock worth $2,740,000 after purchasing an additional 914 shares in the last quarter. Great Lakes Advisors LLC increased its stake in U.S. Physical Therapy by 22.4% in the 2nd quarter. Great Lakes Advisors LLC now owns 26,640 shares of the company’s stock worth $1,609,000 after purchasing an additional 4,874 shares in the last quarter. Aberdeen Asset Management PLC UK increased its stake in U.S. Physical Therapy by 13.4% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 705,007 shares of the company’s stock worth $42,582,000 after purchasing an additional 83,253 shares in the last quarter. Marshall Wace North America L.P. increased its stake in U.S. Physical Therapy by 450.3% in the 2nd quarter. Marshall Wace North America L.P. now owns 19,122 shares of the company’s stock worth $1,147,000 after purchasing an additional 15,647 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in U.S. Physical Therapy by 6.5% in the 1st quarter. Vanguard Group Inc. now owns 641,533 shares of the company’s stock worth $41,892,000 after purchasing an additional 39,290 shares in the last quarter. 99.75% of the stock is currently owned by hedge funds and other institutional investors.
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About U.S. Physical Therapy
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.
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