Healthcare Services Group, Inc. (NASDAQ:HCSG) Expected to Post Earnings of $0.25 Per Share

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Brokerages expect Healthcare Services Group, Inc. (NASDAQ:HCSG) to report $0.25 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have provided estimates for Healthcare Services Group’s earnings. The lowest EPS estimate is $0.24 and the highest is $0.28. Healthcare Services Group posted earnings of $0.42 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 40.5%. The business is expected to issue 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 fiscal year, with EPS estimates ranging from $0.85 to $0.89. For the next fiscal year, analysts expect that the firm will post earnings of $1.16 per share, with EPS estimates ranging from $1.09 to $1.21. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Healthcare Services Group.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.03). The business had revenue of $455.60 million for the quarter, compared to analysts’ expectations of $451.31 million. Healthcare Services Group had a net margin of 4.09% and a return on equity of 17.28%. The firm’s revenue was down 10.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 EPS.

Several equities research analysts recently commented on HCSG shares. Royal Bank of Canada began coverage on Healthcare Services Group in a report on Wednesday, November 27th. They issued a “sector perform” rating and a $26.00 price target for the company. Benchmark reissued a “buy” rating and set a $34.00 price objective (down previously from $37.00) on shares of Healthcare Services Group in a research note on Wednesday, October 23rd. Credit Suisse Group restated a “buy” rating and issued a $32.00 target price on shares of Healthcare Services Group in a report on Thursday, October 24th. Zacks Investment Research downgraded Healthcare Services Group from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. Finally, ValuEngine upgraded Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Healthcare Services Group has a consensus rating of “Hold” and an average target price of $34.57.

In other Healthcare Services Group news, Director Robert L. Frome sold 8,500 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $24.06, for a total transaction of $204,510.00. Following the completion of the sale, the director now owns 9,907 shares of the company’s stock, valued at $238,362.42. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in HCSG. Oregon Public Employees Retirement Fund increased its position in Healthcare Services Group by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 29,949 shares of the business services provider’s stock worth $908,000 after buying an additional 422 shares in the last quarter. Fenimore Asset Management Inc. acquired a new position in Healthcare Services Group in the 2nd quarter valued at about $6,815,000. FDx Advisors Inc. increased its position in Healthcare Services Group by 6.5% in the 2nd quarter. FDx Advisors Inc. now owns 24,327 shares of the business services provider’s stock valued at $738,000 after acquiring an additional 1,492 shares during the period. Huntington National Bank raised its stake in Healthcare Services Group by 88.8% during the 2nd quarter. Huntington National Bank now owns 1,210 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 569 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in Healthcare Services Group by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 53,762 shares of the business services provider’s stock valued at $1,630,000 after acquiring an additional 771 shares during the last quarter.

Shares of HCSG stock traded down $0.23 during trading hours on Thursday, reaching $25.21. The company had a trading volume of 6,485 shares, compared to its average volume of 466,207. The stock has a fifty day moving average of $24.97 and a 200-day moving average of $26.75. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 22.46 and a beta of 0.74. Healthcare Services Group has a 12-month low of $21.16 and a 12-month high of $48.73.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 22nd will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.17%. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, November 21st. Healthcare Services Group’s dividend payout ratio is presently 71.43%.

About Healthcare Services Group

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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Earnings History and Estimates for Healthcare Services Group (NASDAQ:HCSG)

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