Healthcare Services Group (HCSG) Announces Earnings Results, Misses Estimates By $0.04 EPS

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%.

A number of research firms recently commented on HCSG. Zacks Investment Research raised Healthcare Services Group from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Tuesday. BidaskClub raised Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Friday, January 26th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $62.00 price target (up previously from $56.00) on shares of Healthcare Services Group in a research note on Friday, November 3rd. Stifel Nicolaus reaffirmed a “buy” rating on shares of Healthcare Services Group in a research note on Thursday, October 19th. Finally, Jefferies Group set a $52.00 price target on Healthcare Services Group and gave the company a “hold” rating in a research note on Thursday, October 19th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Healthcare Services Group has an average rating of “Buy” and an average price target of $55.20.

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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.

Earnings History for Healthcare Services Group (NASDAQ:HCSG)

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