Healthcare Services Group, Inc. (HCSG) Set to Announce Quarterly Earnings on Tuesday
Healthcare Services Group, Inc. (NASDAQ:HCSG) is set to issue its quarterly earnings data after the market closes on Tuesday, October 17th. Analysts expect the company to announce earnings of $0.31 per share for the quarter.
Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings data on Tuesday, July 11th. The business services provider reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. The firm had revenue of $470.90 million during the quarter, compared to the consensus estimate of $425.24 million. Healthcare Services Group had a return on equity of 24.12% and a net margin of 5.07%. The firm’s revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.26 EPS. On average, analysts expect Healthcare Services Group to post $1.25 EPS for the current fiscal year and $1.43 EPS for the next fiscal year.
Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) traded down 0.05% on Wednesday, reaching $54.53. The company had a trading volume of 387,510 shares. Healthcare Services Group, Inc. has a 12 month low of $34.83 and a 12 month high of $55.68. The company’s 50-day moving average is $52.31 and its 200 day moving average is $48.87. The firm has a market capitalization of $3.99 billion, a PE ratio of 47.83 and a beta of 0.62.
HCSG has been the subject of several analyst reports. Jefferies Group LLC restated a “hold” rating and set a $49.00 target price on shares of Healthcare Services Group in a research report on Friday, July 7th. Robert W. Baird raised their target price on 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. Stifel Nicolaus restated a “buy” rating and set a $50.00 target price (up previously from $48.00) on shares of Healthcare Services Group in a research report on Wednesday, July 12th. Credit Suisse Group restated an “outperform” rating and set a $56.00 target price (up previously from $50.00) on shares of Healthcare Services Group in a research report on Thursday, July 13th. Finally, Zacks Investment Research upgraded Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Friday, July 14th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $53.00.
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In related news, Director Robert L. Frome sold 5,000 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $53.00, for a total transaction of $265,000.00. Following the completion of the sale, the director now directly owns 20,501 shares of the company’s stock, valued at approximately $1,086,553. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael E. Mcbryan sold 22,500 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $51.82, for a total value of $1,165,950.00. Following the sale, the insider now directly owns 32,542 shares of the company’s stock, valued at $1,686,326.44. The disclosure for this sale can be found here. Insiders have sold a total of 36,750 shares of company stock valued at $1,910,345 over the last ninety days. Insiders own 4.30% of the company’s stock.
About Healthcare Services Group
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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