Healthcare Services Group, Inc. (NASDAQ:HCSG) – Research analysts at Jefferies Group issued their Q1 2018 earnings estimates for shares of Healthcare Services Group in a research report issued on Wednesday. Jefferies Group analyst S. Dodge anticipates that the business services provider will post earnings of $0.37 per share for the quarter. Jefferies Group has a “Hold” rating and a $52.00 price objective on the stock. Jefferies Group also issued estimates for Healthcare Services Group’s Q2 2018 earnings at $0.38 EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.41 EPS, FY2018 earnings at $1.56 EPS and FY2019 earnings at $1.76 EPS.
A number of other equities research analysts have also commented on HCSG. Robert W. Baird lowered shares of Healthcare Services Group from an “outperform” rating to a “neutral” rating and set a $52.00 price target for the company. in a report on Wednesday. Zacks Investment Research upgraded shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Tuesday. BidaskClub lowered shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a report on Wednesday. Credit Suisse Group reiterated an “outperform” rating and set a $62.00 price target (up from $56.00) on shares of Healthcare Services Group in a report on Friday, November 3rd. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Healthcare Services Group in a report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $55.20.
Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings results on Tuesday, February 6th. The business services provider reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.04). Healthcare Services Group had a net margin of 4.73% and a return on equity of 23.57%. The firm had revenue of $499.41 million for the quarter, compared to the consensus estimate of $499.37 million. During the same quarter in the prior year, the company earned $0.28 earnings per share. The company’s quarterly revenue was up 25.3% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, February 16th will be given a dividend of $0.1913 per share. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.77 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Thursday, February 15th. Healthcare Services Group’s payout ratio is presently 64.41%.
A number of institutional investors have recently modified their holdings of HCSG. Public Employees Retirement System of Ohio increased its position in Healthcare Services Group by 4.7% during 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 purchasing an additional 135 shares during the period. ETRADE Capital Management LLC purchased a new position in Healthcare Services Group during the 3rd quarter valued at $202,000. M&T Bank Corp purchased a new position in Healthcare Services Group during the 4th quarter valued at $208,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Healthcare Services Group by 52.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,109 shares of the business services provider’s stock valued at $217,000 after purchasing an additional 1,409 shares during the period. Finally, WASHINGTON TRUST Co purchased a new position in Healthcare Services Group during the 3rd quarter valued at $225,000. 93.40% of the stock is currently owned by institutional investors and hedge funds.
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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