Mid Cap Companies with Strong Market cap: $UHS $RNR $HSIC


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Universal Health Services Bounce Back Gathers Pace

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Universal Health Services, Inc. (NYSE:UHS) affirmed why it is a force to reckon with in the mid-cap segment with a market cap of more than $9.5 billion. The operator of acute care hospitals and outpatient facilities had an impressive second-quarter as earnings per share increased 6.16% to $2.93 a share, beating estimates of $0.74 a share.

However, the company’s revenue base took a hit owing to the COVID-19 pandemic, with revenues shrinking to $2.7 billion, down 4.38% year-over-year. However, it still beat consensus estimates of $2.45 million.

The stock has been edging higher as a bounce back from one-year lows continues to gather traction. The rally comes on investors reacting to an increase in patient volumes to the company’s facilities on the easing of stay at home restrictions

RenaissanceRe Holdings Ltd Returns Value to Shareholders with Dividend Offering

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RenaissanceRe Holdings Ltd (NYSE:RNR) impressive second-quarter financial results affirm its high market cap of more than 9.5 billion. The provider of insurance and reinsurance products had an impressive Q2 as revenues increased 25% year-over-year to $1.5 billion thanks to higher gross premiums.

Gross premiums increased 15% to $1.7 billion as the company benefited from higher premiums at the property, casualty, and specialty segments. However, net investment income shrunk 24% to $816.7 million.

In a bid to return value to shareholders, the insurance company has confirmed a $0.35 a share common dividend payable to shareholders on record as of September 15, 2020.

Henry Schein Earnings Beat Affirm $9.4 billion market Cap

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Henry Schein, Inc. (NASDAQ:HSIC) has felt the full force of the COVID-19 pandemic in the wake of Americans putting off dental visits. The dental product company reported a 31% decline in sales in the recent quarter as Americans canceled dental appointments opting to stay at home.

Amid the cancellations, the company had an impressive quarter as earnings topped analysts’ estimates, helping affirm Henry Schein’s market cap of more than $9.4 billion. Adjusted earnings from continuing operations came in at 84 cents compared to an expected net loss of 16 cents. Revenues in the quarter came in at $1.68 billion, down 31% year over year.

In the recent past, the company has opened a customer assistance hotline as it seeks to address dental needs of people affected by the damage caused by the wildfires in California.

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