Key Developments For US Physical Therapy Inc
US Physical Therapy Inc (USPH.O) (Nasdaq)
U.S. Physical Therapy, Inc. Raises FY 2009 Earnings Guidance
U.S. Physical Therapy, Inc. increased earnings guidance for fiscal 2009 and expects net earnings of $11.550-$11.800 million or $0.99-$1.00 in diluted earnings per share (EPS). Prior guidance had been for net earnings of $10.900-$11.500 million or $0.93-$0.98 in diluted earnings per share. According to Reuters Estimates, analysts were expecting the Company to report net profit of $11.51 million and EPS of $0.99 for the same period.
U.S. Physical Therapy, Inc. Raises FY 2009 Earnings Guidance
U.S. Physical Therapy, Inc. increased its earnings guidance for fiscal 2009 to the range of $10.9 to $11.5 million or $0.93 to $0.98 in diluted earnings per share (EPS). Original guidance was for net earnings of $10.1 to $10.9 million or $0.84 to $0.90 in diluted EPS. According to Reuters Estimates, analysts on an average were expecting the Company to report EPS of $0.90 and net profit of $10.9 million for the same period.
U.S. Physical Therapy, Inc. Announces Common Stock Share Repurchase
U.S. Physical Therapy, Inc. announced that its Board of Directors has authorized the repurchase of up 10% or approximately 1,200,000 shares of U.S. Physical Therapy common stock. The Company has amended its bank credit agreement to allow the share repurchase. There is no expiration date for the repurchase program and shares may be purchased from time to time in open market or private transactions.
U.S. Physical Therapy, Inc. Issues FY 2009 EPS Outlook Below Analysts' Estimates
U.S. Physical Therapy, Inc. announced that for fiscal 2009, guidance for the Company's annual net earnings is in the range of approximately $10 100,000 to $10,900,000 or $0.84 to $0.90 per diluted common share (EPS). According to Reuters Estimates, analysts were expecting the Company to report net profit of $12 million and EPS of $0.99 for the same period.
U.S. Physical Therapy, Inc. Acquires Multi-Clinic Outpatient Practice in San Antonio
U.S. Physical Therapy, Inc. announced that the Company has acquired a 65% interest in an outpatient rehabilitation practice with four clinics located in San Antonio, Texas.
