Zacks: Brokerages Anticipate Healthcare Services Group, Inc. (NASDAQ:HCSG) Will Post Earnings of $0.25 Per Share

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Equities analysts predict that Healthcare Services Group, Inc. (NASDAQ:HCSG) will announce earnings per share (EPS) of $0.25 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Healthcare Services Group’s earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.24. Healthcare Services Group posted earnings of $0.42 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 40.5%. The company is expected to report its next earnings report on Tuesday, February 4th.

According to Zacks, analysts expect that Healthcare Services Group will report full-year earnings of $0.86 per share for the current financial year, with EPS estimates ranging from $0.85 to $0.89. For the next fiscal year, analysts forecast that the firm will report earnings of $1.16 per share, with EPS estimates ranging from $1.09 to $1.21. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Healthcare Services Group.

Healthcare Services Group (NASDAQ:HCSG) last released its earnings results on Tuesday, October 22nd. The business services provider reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.03). The firm had revenue of $455.60 million during the quarter, compared to the consensus estimate of $451.31 million. Healthcare Services Group had a return on equity of 17.28% and a net margin of 4.09%. The business’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 EPS.

A number of brokerages recently commented on HCSG. Benchmark reaffirmed a “buy” rating and issued a $34.00 price target (down from $37.00) on shares of Healthcare Services Group in a research note on Wednesday, October 23rd. ValuEngine raised Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub raised Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 11th. Credit Suisse Group reaffirmed a “buy” rating and issued a $32.00 price target on shares of Healthcare Services Group in a research note on Thursday, October 24th. Finally, Sidoti reduced their price target on Healthcare Services Group from $51.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $36.00.

In related news, Director Robert L. Frome sold 8,500 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $24.06, for a total value of $204,510.00. Following the sale, the director now directly owns 9,907 shares of the company’s stock, valued at $238,362.42. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. Wasatch Advisors Inc. grew its stake in shares of Healthcare Services Group by 62.9% in the second quarter. Wasatch Advisors Inc. now owns 4,451,427 shares of the business services provider’s stock worth $134,967,000 after acquiring an additional 1,719,494 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Healthcare Services Group by 61.4% in the second quarter. Mackenzie Financial Corp now owns 3,072,947 shares of the business services provider’s stock worth $93,172,000 after acquiring an additional 1,169,018 shares during the last quarter. Van Berkom & Associates Inc. grew its stake in shares of Healthcare Services Group by 23.6% in the second quarter. Van Berkom & Associates Inc. now owns 1,993,773 shares of the business services provider’s stock worth $60,451,000 after acquiring an additional 380,175 shares during the last quarter. WCM Investment Management LLC purchased a new stake in shares of Healthcare Services Group in the third quarter worth $9,106,000. Finally, Nuveen Asset Management LLC purchased a new stake in shares of Healthcare Services Group in the second quarter worth $9,859,000.

NASDAQ:HCSG traded up $0.14 during mid-day trading on Tuesday, reaching $25.38. The stock had a trading volume of 293,500 shares, compared to its average volume of 890,992. The stock has a market capitalization of $1.90 billion, a P/E ratio of 22.66 and a beta of 0.73. The firm has a 50 day moving average price of $24.55 and a two-hundred day moving average price of $27.75. Healthcare Services Group has a one year low of $21.16 and a one year high of $48.73.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 22nd will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.15%. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, November 21st. Healthcare Services Group’s dividend payout ratio is presently 71.43%.

Healthcare Services Group Company Profile

Healthcare Services Group, Inc provides management, administrative, and operating services to the housekeeping, laundry, linen, facility maintenance, and dietary service departments of nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.

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