Equities analysts expect that Healthcare Services Group, Inc. (NASDAQ:HCSG) will report earnings of $0.39 per share for the current quarter, according to Zacks. Four analysts have issued estimates for Healthcare Services Group’s earnings. The lowest EPS estimate is $0.37 and the highest is $0.41. Healthcare Services Group posted earnings per share of $0.30 during the same quarter last year, which would indicate a positive year over year growth rate of 30%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, April 10th.
On average, analysts expect that Healthcare Services Group will report full-year earnings of $1.67 per share for the current financial year, with EPS estimates ranging from $1.56 to $1.79. For the next financial year, analysts expect that the company will report earnings of $1.85 per share, with EPS estimates ranging from $1.76 to $2.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Healthcare Services Group.
Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings results on Tuesday, February 6th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.04). 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 4.73% and a return on equity of 23.17%. Healthcare Services Group’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 EPS.
Shares of Healthcare Services Group (NASDAQ HCSG) opened at $47.99 on Monday. The stock has a market capitalization of $3,516.37, a PE ratio of 40.67, a price-to-earnings-growth ratio of 2.61 and a beta of 0.62. Healthcare Services Group has a 12-month low of $40.46 and a 12-month high of $56.20.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, February 16th will be given a dividend of $0.1913 per share. This represents a $0.77 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Thursday, February 15th. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s dividend payout ratio (DPR) is 64.41%.
Several hedge funds and other institutional investors have recently modified their holdings of HCSG. Wasatch Advisors Inc. raised its position in shares of Healthcare Services Group by 143.9% during the 4th quarter. Wasatch Advisors Inc. now owns 3,044,131 shares of the business services provider’s stock worth $160,487,000 after acquiring an additional 1,795,855 shares in the last quarter. Atlantic Trust Group LLC acquired a new position in Healthcare Services Group during the third quarter worth approximately $39,425,000. BlackRock Inc. increased its position in Healthcare Services Group by 2.1% during the fourth quarter. BlackRock Inc. now owns 9,143,357 shares of the business services provider’s stock worth $482,037,000 after buying an additional 191,837 shares during the period. Assenagon Asset Management S.A. acquired a new position in Healthcare Services Group during the fourth quarter worth approximately $8,667,000. Finally, Wells Fargo & Company MN increased its position in Healthcare Services Group by 39.3% during the fourth quarter. Wells Fargo & Company MN now owns 434,508 shares of the business services provider’s stock worth $22,908,000 after buying an additional 122,563 shares during the period. 92.93% of the stock is currently owned by institutional investors and hedge funds.
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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