Universal Health Services Inc. (UHS) released its second quarter results on Tuesday, July 27, 2021. The company reported net earnings of $3.79 per share for the second quarter ending June 30, 2021. Earnings for this past quarter were up 28 percent compared to the same period a year ago.
Universal Health Services, Inc. founded in 1978 and is headquartered in King of Prussia, Pennsylvania. Universal Health Services, Inc., through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities. The company operates through Acute Care Hospital Services and Behavioral Health Care Services segments.
Universal Health Services' revenue increased 8 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 17.92% for the second quarter compared to the same period in the previous year, and operating margins increased to 13.73% over the same period. Net earnings for past trailing twelve months were $1081.1 million, up 47% from the prior year.
Moving on to the balance sheet, Universal Health Services' cash levels dropped 63% for the second quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, increased 18.17% this past year. The current ratio for Universal Health Services now stands at 1.2. The company increased shares outstanding by 0.36%.
Shares of UHS are currently trading around $159.12. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 12.59 and price to book ratio of 2.1.
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This article was written by Value Investing News (https://www.valueinvestingnews.com) on Wednesday, July 28, 2021.