Healthcare Services Group Inc. Hits New 52-Week High at $26.60 (HCSG)
Shares of Healthcare Services Group (NASDAQ:HCSG) hit a new 52-week high on Monday, American Banking News.com reports. The company traded as high as $26.60 and last traded at $26.53, with a volume of 284,338 shares trading hands. The stock had previously closed at $25.95.
A number of research firms have recently commented on HCSG. Analysts at UBS AG raised their price target on shares of Healthcare Services Group from $27.00 to $28.00 in a research note to investors on Wednesday, October 9th. They now have a “buy” rating on the stock. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Healthcare Services Group in a research note to investors on Wednesday, October 9th. They now have a $28.00 price target on the stock, up previously from $27.00. Finally, 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $27.00.
Healthcare Services Group has a 52-week low of $21.47 and a 52-week high of $26.63. The stock has a 50-day moving average of $25.4 and a 200-day moving average of $24.16. The company has a market cap of $1.856 billion and a P/E ratio of 32.85.
Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings results on Tuesday, October 8th. The company reported $0.20 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.20. The company had revenue of $298.50 million for the quarter, compared to the consensus estimate of $298.73 million. During the same quarter last year, the company posted $0.17 earnings per share. Healthcare Services Group’s revenue was up 9.5% compared to the same quarter last year. On average, analysts predict that Healthcare Services Group will post $0.81 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 20th. Shareholders of record on Friday, November 15th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Wednesday, November 13th. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.17.
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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