Wall Street brokerages forecast that Healthcare Services Group, Inc. (NASDAQ:HCSG) will post $0.32 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Healthcare Services Group’s earnings. The highest EPS estimate is $0.32 and the lowest is $0.31. Healthcare Services Group posted earnings of $0.27 per share in the same quarter last year, which would indicate a positive year over year growth rate of 18.5%. The company is scheduled to announce its next earnings report on Tuesday, October 10th.

On average, analysts expect that Healthcare Services Group will report full-year earnings of $1.25 per share for the current year, with EPS estimates ranging from $1.24 to $1.27. For the next year, analysts anticipate that the firm will report earnings of $1.45 per share, with EPS estimates ranging from $1.36 to $1.52. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Healthcare Services Group.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings results on Tuesday, July 11th. The business services provider reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The business had revenue of $470.90 million for 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 company’s revenue was up 21.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.26 EPS.

A number of research firms have recently weighed in on HCSG. Jefferies Group LLC reiterated a “hold” rating and issued a $49.00 price objective on shares of Healthcare Services Group in a research note on Friday, July 7th. Zacks Investment Research upgraded shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Friday, July 14th. Credit Suisse Group reiterated an “outperform” rating and issued a $56.00 price objective (up previously from $50.00) on shares of Healthcare Services Group in a research note on Thursday, July 13th. BidaskClub lowered shares of Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $50.00 price objective (up previously from $48.00) on shares of Healthcare Services Group in a research note on Wednesday, July 12th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $53.00.

Healthcare Services Group (HCSG) opened at 52.64 on Thursday. Healthcare Services Group has a 52 week low of $34.83 and a 52 week high of $54.28. The stock has a market cap of $3.85 billion, a PE ratio of 46.18 and a beta of 0.63. The stock’s 50 day moving average is $51.15 and its 200 day moving average is $47.64.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, August 18th will be paid a $0.1888 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.43%. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s dividend payout ratio is presently 65.22%.

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In related news, Director Robert L. Frome sold 5,000 shares of the stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $53.00, for a total transaction of $265,000.00. Following the sale, the director now directly owns 20,501 shares of the company’s stock, valued at $1,086,553. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael E. Mcbryan sold 22,500 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $51.82, for a total transaction of $1,165,950.00. Following the sale, the insider now directly owns 32,542 shares in the company, valued at $1,686,326.44. The disclosure for this sale can be found here. Insiders sold 36,750 shares of company stock worth $1,910,345 in the last quarter. Company insiders own 4.30% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Healthcare Services Group by 9.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,700 shares of the business services provider’s stock worth $126,000 after buying an additional 242 shares in the last quarter. LS Investment Advisors LLC boosted its holdings in Healthcare Services Group by 4.0% during the second quarter. LS Investment Advisors LLC now owns 2,834 shares of the business services provider’s stock worth $133,000 after buying an additional 108 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Healthcare Services Group by 4.7% during the second quarter. Public Employees Retirement System of Ohio now owns 3,005 shares of the business services provider’s stock worth $141,000 after buying an additional 135 shares in the last quarter. Bruderman Asset Management LLC purchased a new stake in Healthcare Services Group during the second quarter worth $170,000. Finally, Riverhead Capital Management LLC boosted its holdings in Healthcare Services Group by 69.1% during the second quarter. Riverhead Capital Management LLC now owns 4,059 shares of the business services provider’s stock worth $190,000 after buying an additional 1,659 shares in the last quarter. 91.72% of the stock is currently owned by hedge funds and other 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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