Healthcare Services Group (HCSG) Posts Quarterly Earnings, Hits Estimates
Healthcare Services Group (NASDAQ:HCSG) released its earnings data on Tuesday. The company reported $0.20 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.20, Stock Ratings Network.com reports. The company had revenue of $298.50 million for the quarter, compared to the consensus estimate of $298.73 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis.
On the ratings front, analysts at Jefferies Group initiated coverage on shares of Healthcare Services Group in a research note to investors on Thursday, September 26th. They set a “hold” rating and a $25.00 price target on the stock.
Healthcare Services Group (NASDAQ:HCSG) traded down 2.00% on Tuesday, hitting $24.94. 273,700 shares of the company’s stock traded hands. Healthcare Services Group has a 52 week low of $21.47 and a 52 week high of $26.54. The stock has a 50-day moving average of $25.26 and a 200-day moving average of $24.1. The company has a market cap of $1.740 billion and a price-to-earnings ratio of 33.49.
Healthcare Services Group, Inc provides management, administrative and operating services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of the health care industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States.
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