Analysts forecast that Healthcare Services Group, Inc. (NASDAQ:HCSG) will announce sales of $492.06 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Healthcare Services Group’s earnings, with the highest sales estimate coming in at $510.90 million and the lowest estimate coming in at $481.96 million. Healthcare Services Group posted sales of $392.73 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 25.3%. The firm is expected to issue its next earnings report on Tuesday, October 10th.

On average, analysts expect that Healthcare Services Group will report full year sales of $492.06 million for the current financial year, with estimates ranging from $1.85 billion to $1.91 billion. For the next financial year, analysts expect that the firm will report sales of $2.09 billion per share, with estimates ranging from $2.04 billion to $2.17 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Healthcare Services Group.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings data on Tuesday, July 11th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The firm had revenue of $470.90 million during the quarter, compared to analysts’ expectations of $425.24 million. Healthcare Services Group had a net margin of 5.07% and a return on equity of 24.12%. The business’s revenue was up 21.8% on a year-over-year basis. During the same period last year, the company earned $0.26 earnings per share.

A number of research firms have recently weighed in on HCSG. BidaskClub downgraded shares of Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research raised shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Friday, July 14th. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $56.00 target price (up from $50.00) on shares of Healthcare Services Group in a research report on Thursday, July 13th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $50.00 target price (up from $48.00) on shares of Healthcare Services Group in a research report on Wednesday, July 12th. Finally, Robert W. Baird upped their target price on shares of Healthcare Services Group from $47.00 to $52.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 12th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $53.00.

Healthcare Services Group (HCSG) opened at 51.91 on Wednesday. Healthcare Services Group has a one year low of $34.83 and a one year high of $54.28. The firm has a market capitalization of $3.80 billion, a PE ratio of 45.54 and a beta of 0.61. The stock’s 50 day moving average is $50.70 and its 200-day moving average is $45.90.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, August 18th will be given a dividend of $0.1888 per share. This represents a $0.76 annualized dividend and a yield of 1.45%. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, August 16th. Healthcare Services Group’s dividend payout ratio is 65.22%.

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In related news, Director Robert L. Frome sold 7,485 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $47.00, for a total transaction of $351,795.00. Following the sale, the director now directly owns 37,986 shares of the company’s stock, valued at approximately $1,785,342. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert J. Moss sold 2,000 shares of the stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $52.76, for a total transaction of $105,520.00. Following the sale, the director now directly owns 2,000 shares in the company, valued at $105,520. The disclosure for this sale can be found here. Insiders have sold a total of 49,235 shares of company stock worth $2,494,065 over the last three months. 4.30% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. Dubuque Bank & Trust Co. increased its stake in shares of Healthcare Services Group by 7.8% in the first quarter. Dubuque Bank & Trust Co. now owns 8,798 shares of the business services provider’s stock valued at $379,000 after buying an additional 634 shares during the period. Glen Harbor Capital Management LLC increased its stake in shares of Healthcare Services Group by 0.8% in the first quarter. Glen Harbor Capital Management LLC now owns 76,098 shares of the business services provider’s stock valued at $3,279,000 after buying an additional 594 shares during the period. ProShare Advisors LLC increased its stake in shares of Healthcare Services Group by 15.2% in the first quarter. ProShare Advisors LLC now owns 185,391 shares of the business services provider’s stock valued at $7,988,000 after buying an additional 24,416 shares during the period. American Capital Management Inc. increased its stake in shares of Healthcare Services Group by 53.9% in the first quarter. American Capital Management Inc. now owns 327,914 shares of the business services provider’s stock valued at $14,130,000 after buying an additional 114,855 shares during the period. Finally, UMB Bank N A MO purchased a new stake in shares of Healthcare Services Group during the first quarter valued at approximately $371,000. 92.67% of the stock is currently owned by institutional investors.

Healthcare Services Group Company Profile

Healthcare Services Group, Inc provides management, administrative and operating services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of the healthcare industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States.

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

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