Healthcare Services Group (HCSG) Announces Quarterly Earnings, Misses Estimates By $0.13 EPS
Healthcare Services Group (NASDAQ:HCSG) announced its earnings results on Tuesday. The company reported $0.08 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.21 by $0.13, American Banking News reports. The company had revenue of $303.80 million for the quarter, compared to the consensus estimate of $307.08 million. During the same quarter last year, the company posted $0.19 earnings per share. Healthcare Services Group’s revenue was up 9.7% compared to the same quarter last year.
Shares of Healthcare Services Group (NASDAQ:HCSG) traded up 0.12% during mid-day trading on Tuesday, hitting $25.92. The stock had a trading volume of 327,857 shares. Healthcare Services Group has a 1-year low of $21.60 and a 1-year high of $29.53. The stock’s 50-day moving average is $27.74 and its 200-day moving average is $26.54. The company has a market cap of $1.809 billion and a P/E ratio of 32.77.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 28th. Shareholders of record on Friday, February 21st will be paid a dividend of 0.1713 per share. This represents a $0.69 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Wednesday, February 19th. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.17.
On the ratings front, analysts at RBC Capital initiated coverage on shares of Healthcare Services Group in a research note to investors on Friday, January 10th. They set an “outperform” rating and a $32.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Healthcare Services Group presently has a consensus rating of “Buy” and a consensus price target of $29.00.
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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