Healthcare Services Group, Inc. (NASDAQ:HCSG) – Equities research analysts at Jefferies Group increased their FY2018 earnings per share estimates for shares of Healthcare Services Group in a research note issued on Wednesday. Jefferies Group analyst S. Dodge now anticipates that the business services provider will post earnings of $1.37 per share for the year, up from their prior forecast of $1.36. Jefferies Group has a “Hold” rating and a $52.00 price target on the stock.

Several other research firms have also issued reports on HCSG. Zacks Investment Research raised Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Thursday. Stifel Nicolaus reaffirmed a “buy” rating on shares of Healthcare Services Group in a report on Thursday. Robert W. Baird reaffirmed a “buy” rating and issued a $52.00 target price on shares of Healthcare Services Group in a report on Wednesday, October 4th. BidaskClub raised Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $56.00 target price (up from $50.00) on shares of Healthcare Services Group in a report on Thursday, July 13th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $53.60.

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Shares of Healthcare Services Group (NASDAQ HCSG) traded up 1.88% during midday trading on Friday, reaching $52.62. 485,735 shares of the company were exchanged. The firm’s 50 day moving average is $52.88 and its 200-day moving average is $49.34. The company has a market capitalization of $3.87 billion, a PE ratio of 44.22 and a beta of 0.62. Healthcare Services Group has a 52-week low of $34.83 and a 52-week high of $55.68.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings data on Tuesday, October 17th. The business services provider reported $0.31 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.31. The firm had revenue of $491.40 million for the quarter, compared to analysts’ expectations of $485.53 million. Healthcare Services Group had a net margin of 5.00% and a return on equity of 24.17%. The firm’s revenue was up 25.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.27 EPS.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, November 17th will be issued a $0.19 dividend. The ex-dividend date is Thursday, November 16th. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.76 annualized dividend and a dividend yield of 1.44%. Healthcare Services Group’s dividend payout ratio is currently 63.03%.

In other news, Director Robert L. Frome sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $53.00, for a total value of $265,000.00. Following the completion of the transaction, the director now directly owns 20,501 shares of the company’s stock, valued at $1,086,553. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John Briggs sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $50.75, for a total value of $126,875.00. Following the completion of the transaction, the director now directly owns 18,579 shares of the company’s stock, valued at $942,884.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,750 shares of company stock valued at $1,804,825. 4.30% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Ashford Capital Management Inc. grew its holdings in shares of Healthcare Services Group by 1.2% in the second quarter. Ashford Capital Management Inc. now owns 28,734 shares of the business services provider’s stock valued at $1,346,000 after acquiring an additional 336 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Healthcare Services Group in the second quarter valued at approximately $348,000. WINTON GROUP Ltd bought a new position in shares of Healthcare Services Group in the second quarter valued at approximately $853,000. Wasatch Advisors Inc. grew its holdings in shares of Healthcare Services Group by 5.5% in the second quarter. Wasatch Advisors Inc. now owns 1,005,535 shares of the business services provider’s stock valued at $47,089,000 after acquiring an additional 52,686 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of Healthcare Services Group by 4.7% in the second quarter. Public Employees Retirement System of Ohio now owns 3,005 shares of the business services provider’s stock valued at $141,000 after acquiring an additional 135 shares in the last quarter. 91.48% of the stock is owned by institutional investors.

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.

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

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