$0.33 EPS Expected for Healthcare Services Group, Inc. (HCSG) This Quarter
Equities research analysts expect Healthcare Services Group, Inc. (NASDAQ:HCSG) to report $0.33 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Healthcare Services Group’s earnings, with estimates ranging from $0.32 to $0.35. Healthcare Services Group posted earnings of $0.28 per share in the same quarter last year, which would suggest a positive year over year growth rate of 17.9%. The firm is expected to announce its next earnings report on Tuesday, February 6th.
According to Zacks, analysts expect that Healthcare Services Group will report full year earnings of $1.24 per share for the current fiscal year, with EPS estimates ranging from $1.23 to $1.26. For the next financial year, analysts anticipate that the firm will report earnings of $1.45 per share, with EPS estimates ranging from $1.37 to $1.51. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Healthcare Services Group.
Healthcare Services Group (NASDAQ:HCSG) last announced its earnings results on Tuesday, October 17th. The business services provider reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. Healthcare Services Group had a net margin of 5.00% and a return on equity of 24.17%. The business had revenue of $491.40 million during the quarter, compared to the consensus estimate of $485.53 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. The business’s quarterly revenue was up 25.1% compared to the same quarter last year.
A number of equities research analysts recently weighed in on HCSG shares. Zacks Investment Research downgraded shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. BidaskClub raised shares of Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Jefferies Group LLC reaffirmed a “hold” rating and set a $49.00 price objective on shares of Healthcare Services Group in a research report on Friday, July 7th. Stifel Nicolaus reaffirmed a “buy” rating and set a $50.00 price objective (up previously from $48.00) on shares of Healthcare Services Group in a research report on Wednesday, July 12th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $56.00 price objective (up previously from $50.00) on shares of Healthcare Services Group in a research report on Thursday, July 13th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $53.60.
In other Healthcare Services Group news, CFO John Christopher Shea sold 4,750 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $52.00, for a total transaction of $247,000.00. Following the completion of the transaction, the chief financial officer now directly owns 7,157 shares of the company’s stock, valued at approximately $372,164. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Briggs sold 2,500 shares of the business’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $50.75, for a total transaction of $126,875.00. Following 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. Insiders have sold a total of 29,750 shares of company stock valued at $1,539,825 over the last three months. 4.30% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the business. 1st Global Advisors Inc. boosted its stake in Healthcare Services Group by 0.5% during the 2nd quarter. 1st Global Advisors Inc. now owns 16,996 shares of the business services provider’s stock valued at $796,000 after purchasing an additional 81 shares during the period. Teacher Retirement System of Texas boosted its stake in Healthcare Services Group by 1.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 5,809 shares of the business services provider’s stock valued at $272,000 after purchasing an additional 94 shares during the period. TD Asset Management Inc. boosted its stake in Healthcare Services Group by 1.0% during the 2nd quarter. TD Asset Management Inc. now owns 10,483 shares of the business services provider’s stock valued at $491,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System boosted its stake in Healthcare Services Group by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 38,045 shares of the business services provider’s stock valued at $1,782,000 after purchasing an additional 100 shares during the period. Finally, LS Investment Advisors LLC boosted its stake in Healthcare Services Group by 4.0% during the 2nd quarter. LS Investment Advisors LLC now owns 2,834 shares of the business services provider’s stock valued at $133,000 after purchasing an additional 108 shares during the period. 91.47% of the stock is owned by hedge funds and other institutional investors.
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Shares of Healthcare Services Group (HCSG) traded up 1.61% during midday trading on Friday, hitting $53.78. 383,625 shares of the stock traded hands. Healthcare Services Group has a one year low of $34.83 and a one year high of $55.68. The firm has a 50-day moving average price of $53.11 and a 200 day moving average price of $49.83. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of 45.19 and a beta of 0.62.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, November 17th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.41%. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, November 16th. Healthcare Services Group’s payout ratio is presently 63.03%.
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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