Healthcare Services Group (HCSG) Scheduled to Post Quarterly Earnings on Wednesday

Healthcare Services Group (NASDAQ:HCSG) is set to issue its quarterly earnings data before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.21 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings results on Wednesday, February 14th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. Healthcare Services Group had a net margin of 2.30% and a return on equity of 10.81%. The business had revenue of $423.80 million for the quarter, compared to analyst estimates of $424.57 million. During the same quarter in the previous year, the business earned $0.22 earnings per share. The firm’s revenue was up .0% compared to the same quarter last year. On average, analysts expect Healthcare Services Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Healthcare Services Group Stock Performance

Healthcare Services Group stock opened at $11.83 on Tuesday. Healthcare Services Group has a 52 week low of $8.75 and a 52 week high of $15.97. The firm has a market capitalization of $871.22 million, a price-to-earnings ratio of 22.32 and a beta of 0.49. The company has a 50 day moving average price of $12.19 and a 200 day moving average price of $10.71.

Analysts Set New Price Targets

Several analysts have recently commented on the company. StockNews.com raised Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Robert W. Baird increased their price objective on Healthcare Services Group from $10.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Benchmark lifted their target price on Healthcare Services Group from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. UBS Group increased their price target on shares of Healthcare Services Group from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Finally, Royal Bank of Canada boosted their price objective on shares of Healthcare Services Group from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Healthcare Services Group has a consensus rating of “Hold” and an average target price of $14.50.

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.