U.S. Physical Therapy (NYSE:USPH) Trading 15.8% Higher Following Earnings Beat

Shares of U.S. Physical Therapy, Inc. (NYSE:USPH) rose 15.8% on Wednesday following a stronger than expected earnings report. The stock traded as high as $95.61 and last traded at $95.61. Approximately 75,343 shares changed hands during mid-day trading, a decline of 17% from the average daily volume of 90,349 shares. The stock had previously closed at $82.53.

The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. U.S. Physical Therapy had a net margin of 4.06% and a return on equity of 8.18%. The firm had revenue of $168.03 million during the quarter, compared to analysts’ expectations of $163.97 million.

U.S. Physical Therapy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 23rd were given a $0.44 dividend. The ex-dividend date was Friday, August 23rd. This represents a $1.76 dividend on an annualized basis and a yield of 1.84%. U.S. Physical Therapy’s dividend payout ratio (DPR) is presently 166.04%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other U.S. Physical Therapy news, Director Kathleen A. Gilmartin bought 2,000 shares of U.S. Physical Therapy stock in a transaction on Tuesday, September 3rd. The shares were purchased at an average cost 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 approximately $1,627,445.36. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In other news, COO Graham D. Reeve sold 1,724 shares of the stock in a transaction 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 of the company’s stock, valued at $580,635. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kathleen A. Gilmartin purchased 2,000 shares of U.S. Physical Therapy stock in a transaction on Tuesday, September 3rd. The shares were purchased at an average cost of $86.09 per share, with a total value of $172,180.00. Following the transaction, the director now owns 18,904 shares in the company, valued at approximately $1,627,445.36. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.70% of the company’s stock.

Institutional Trading of U.S. Physical Therapy

A number of hedge funds and other institutional investors have recently modified their holdings of USPH. Canada Pension Plan Investment Board acquired a new position in shares of U.S. Physical Therapy during the 2nd quarter worth about $28,000. Innealta Capital LLC acquired a new position in U.S. Physical Therapy during the second quarter worth approximately $30,000. Quest Partners LLC raised its stake in U.S. Physical Therapy by 2,808.3% in the second quarter. Quest Partners LLC now owns 349 shares of the company’s stock valued at $32,000 after buying an additional 337 shares during the period. Quarry LP lifted its position in shares of U.S. Physical Therapy by 1,291.9% in the second quarter. Quarry LP now owns 515 shares of the company’s stock valued at $48,000 after buying an additional 478 shares during the last quarter. Finally, Ridgewood Investments LLC acquired a new position in shares of U.S. Physical Therapy during the 2nd quarter worth approximately $51,000.

U.S. Physical Therapy Trading Up 15.9 %

The business has a 50 day moving average of $82.93 and a two-hundred day moving average of $91.49. The firm has a market cap of $1.44 billion, a P/E ratio of 77.83, a PEG ratio of 3.93 and a beta of 1.38. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.28.

About U.S. Physical Therapy

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.