Healthcare Services Group (NASDAQ:HCSG) posted its quarterly earnings results on Tuesday. The business services provider reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.04), Bloomberg Earnings reports. The company had revenue of $499.41 million during the quarter, compared to analyst estimates of $499.37 million. Healthcare Services Group had a net margin of 5.00% and a return on equity of 24.17%. The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period last year, the firm earned $0.28 EPS.
Healthcare Services Group (NASDAQ HCSG) opened at $51.01 on Wednesday. Healthcare Services Group has a 52 week low of $37.54 and a 52 week high of $56.20. The company has a market capitalization of $3,911.31, a PE ratio of 42.71, a P/E/G ratio of 3.19 and a beta of 0.62.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, February 16th will be paid a $0.1913 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Thursday, February 15th. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s payout ratio is 63.87%.
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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