Wall Street analysts expect Healthcare Services Group, Inc. (NASDAQ:HCSG) to report $0.33 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for Healthcare Services Group’s earnings, with estimates ranging from $0.32 to $0.35. Healthcare Services Group reported earnings of $0.28 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 17.9%. The firm is expected to issue its next earnings results 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 financial year, with EPS estimates ranging from $1.23 to $1.26. For the next year, analysts forecast that the business will post earnings of $1.45 per share, with EPS estimates ranging from $1.37 to $1.51. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Healthcare Services Group.

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

Several analysts have recently weighed in on HCSG shares. Stifel Nicolaus restated a “buy” rating on shares of Healthcare Services Group in a research report on Thursday, October 19th. 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 upgraded shares of Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Jefferies Group set a $52.00 price target on shares of Healthcare Services Group and gave the company a “hold” rating in a research report on Thursday, October 19th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $62.00 price target (up previously from $56.00) on shares of Healthcare Services Group in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $54.80.

Shares of Healthcare Services Group (NASDAQ:HCSG) opened at $51.21 on Wednesday. The firm has a market cap of $3,747.91, a P/E ratio of 42.98, a PEG ratio of 3.74 and a beta of 0.62. Healthcare Services Group has a 12-month low of $37.54 and a 12-month high of $55.68.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, November 17th will be given a $0.19 dividend. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.76 annualized dividend and a yield of 1.48%. Healthcare Services Group’s dividend payout ratio is 63.87%.

In other news, insider Michael E. Mcbryan sold 22,500 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $53.03, for a total transaction of $1,193,175.00. Following the transaction, the insider now directly owns 14,413 shares of the company’s stock, valued at approximately $764,321.39. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Michael E. Mcbryan sold 800 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $53.00, for a total transaction of $42,400.00. Following the transaction, the executive vice president now directly owns 14,413 shares in the company, valued at $763,889. The disclosure for this sale can be found here. 4.30% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Healthcare Services Group by 9.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,700 shares of the business services provider’s stock valued at $126,000 after acquiring an additional 242 shares during the last quarter. LS Investment Advisors LLC grew its stake in Healthcare Services Group by 4.0% in the 2nd quarter. LS Investment Advisors LLC now owns 2,834 shares of the business services provider’s stock valued at $133,000 after acquiring an additional 108 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in Healthcare Services Group by 4.7% in the 2nd 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 during the last quarter. Bruderman Asset Management LLC acquired a new stake in Healthcare Services Group in the 2nd quarter valued at about $170,000. Finally, ETRADE Capital Management LLC acquired a new stake in Healthcare Services Group in the 3rd quarter valued at about $202,000. 93.16% of the stock is currently owned by institutional investors and hedge funds.

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

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