U.S. Physical Therapy (NYSE:USPH) Issues Earnings Results, Beats Expectations By $0.01 EPS

U.S. Physical Therapy (NYSE:USPH) released its quarterly earnings data on Tuesday. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01, reports. U.S. Physical Therapy had a net margin of 4.06% and a return on equity of 8.18%. The company had revenue of $168.03 million during the quarter, compared to analysts’ expectations of $163.97 million.

U.S. Physical Therapy Stock Up 17.7 %

Shares of NYSE:USPH opened at $97.10 on Thursday. U.S. Physical Therapy has a 52-week low of $76.18 and a 52-week high of $113.63. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.28. The business has a fifty day moving average of $83.21 and a two-hundred day moving average of $91.53. The stock has a market cap of $1.46 billion, a P/E ratio of 91.60, a PEG ratio of 3.93 and a beta of 1.38.

U.S. Physical Therapy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.76 dividend on an annualized basis and a yield of 1.81%. U.S. Physical Therapy’s payout ratio is 166.04%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on USPH. StockNews.com upgraded U.S. Physical Therapy from a “sell” rating to a “hold” rating in a research report on Wednesday, August 21st. Barrington Research reissued an “outperform” rating and set a $108.00 target price on shares of U.S. Physical Therapy in a report on Wednesday, October 9th. Finally, Bank of America restated a “neutral” rating and issued a $90.00 target price (down previously from $114.00) on shares of U.S. Physical Therapy in a research report on Monday, October 7th.

Insider Activity

In other news, COO Graham D. Reeve sold 1,724 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $82.50, for a total transaction of $142,230.00. Following the completion of the sale, the chief operating officer now owns 7,038 shares in the company, valued at $580,635. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO Graham D. Reeve sold 1,724 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $82.50, for a total transaction of $142,230.00. Following the completion of the transaction, the chief operating officer now directly owns 7,038 shares in the company, valued at approximately $580,635. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kathleen A. Gilmartin acquired 2,000 shares of U.S. Physical Therapy stock in a transaction that occurred on Tuesday, September 3rd. The stock was bought at an average price of $86.09 per share, for a total transaction of $172,180.00. Following the completion of the acquisition, the director now owns 18,904 shares in the company, valued at $1,627,445.36. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Precision Wealth Strategies LLC lifted its position in shares of U.S. Physical Therapy by 5.1% during the third quarter. Precision Wealth Strategies LLC now owns 2,824 shares of the company’s stock worth $239,000 after purchasing an additional 137 shares in the last quarter. Texas Permanent School Fund Corp grew its stake in shares of U.S. Physical Therapy by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 13,116 shares of the company’s stock worth $1,480,000 after acquiring an additional 170 shares in the last quarter. First Horizon Advisors Inc. grew its stake in U.S. Physical Therapy by 18.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,188 shares of the company’s stock worth $110,000 after purchasing an additional 186 shares in the last quarter. Louisiana State Employees Retirement System grew its position in shares of U.S. Physical Therapy by 2.7% during the second quarter. Louisiana State Employees Retirement System now owns 7,600 shares of the company’s stock worth $702,000 after buying an additional 200 shares in the last quarter. Finally, Martin Capital Advisors LLP raised its holdings in shares of U.S. Physical Therapy by 1.6% in the 3rd quarter. Martin Capital Advisors LLP now owns 13,138 shares of the company’s stock valued at $1,112,000 after purchasing an additional 201 shares in the last quarter.

U.S. Physical Therapy Company Profile

U.S. Physical Therapy, Inc operates outpatient physical therapy clinics. The company operates through Physical Therapy Operations and Industrial Injury Prevention Services segments. The company provides pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers, and neurological-related injuries.