Healthcare Services Group, Inc. (NASDAQ:HCSG) – Analysts at William Blair boosted their FY2018 earnings per share estimates for Healthcare Services Group in a research report issued on Tuesday. William Blair analyst R. Daniels now expects that the business services provider will post earnings of $1.79 per share for the year, up from their previous forecast of $1.51.
A number of other research analysts also recently commented on the stock. Robert W. Baird downgraded shares of Healthcare Services Group from an “outperform” rating to a “neutral” rating and set a $52.00 price objective on the stock. in a research report on Wednesday. BidaskClub downgraded shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday. Zacks Investment Research raised shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Tuesday. Credit Suisse Group reaffirmed an “outperform” rating and set a $62.00 price objective (up from $56.00) on shares of Healthcare Services Group in a research report on Friday, November 3rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Healthcare Services Group in a research report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $55.20.
Healthcare Services Group (NASDAQ:HCSG) last released its earnings results on Tuesday, February 6th. The business services provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.04). The firm had revenue of $499.41 million during the quarter, compared to analysts’ expectations of $499.37 million. Healthcare Services Group had a return on equity of 23.17% and a net margin of 4.73%. The business’s revenue was up 25.3% on a year-over-year basis. During the same period last year, the business earned $0.28 earnings per share.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio lifted its stake in Healthcare Services Group by 4.7% in the second 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. ETRADE Capital Management LLC acquired a new stake in Healthcare Services Group in the third quarter valued at approximately $202,000. M&T Bank Corp acquired a new stake in Healthcare Services Group in the fourth quarter valued at approximately $208,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Healthcare Services Group by 52.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,109 shares of the business services provider’s stock valued at $217,000 after acquiring an additional 1,409 shares during the last quarter. Finally, Cetera Advisor Networks LLC acquired a new stake in Healthcare Services Group in the fourth quarter valued at approximately $223,000. Hedge funds and other institutional investors own 93.40% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, February 16th will be paid a $0.1913 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This is a boost 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 1.66%. Healthcare Services Group’s payout ratio is 64.41%.
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Healthcare Services Group Company Profile
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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