Media coverage about Healthcare Services Group (NASDAQ:HCSG) has been trending very positive on Saturday, according to InfoTrie Sentiment. InfoTrie scores the sentiment of press coverage by analyzing more than 6,000 blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Healthcare Services Group earned a media sentiment score of 4.00 on their scale. InfoTrie also gave media headlines about the business services provider an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company’s share price in the next several days.
Here are some of the news headlines that may have effected Healthcare Services Group’s score:
- Healthcare Services Group, Inc. (HCSG) Director Robert J. Moss Sells 5,001 Shares (americanbankingnews.com)
- Healthcare Services Group, Inc. (HCSG) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Analysts Expect Healthcare Services Group, Inc. (HCSG) Will Announce Quarterly Sales of $506.23 Million (americanbankingnews.com)
- Zacks: Analysts Expect Healthcare Services Group, Inc. (HCSG) to Post $0.37 EPS (americanbankingnews.com)
Several equities analysts have weighed in on HCSG shares. BidaskClub upgraded shares of Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 24th. Stifel Nicolaus downgraded shares of Healthcare Services Group from a “hold” rating to a “sell” rating and dropped their target price for the company from $44.00 to $35.00 in a report on Wednesday, July 18th. Benchmark restated a “buy” rating on shares of Healthcare Services Group in a report on Wednesday, July 18th. Berenberg Bank started coverage on shares of Healthcare Services Group in a report on Thursday, October 4th. They set a “hold” rating and a $40.00 target price for the company. Finally, ValuEngine downgraded shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a report on Thursday, July 19th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $46.00.
Healthcare Services Group stock opened at $44.11 on Friday. Healthcare Services Group has a 12-month low of $35.04 and a 12-month high of $56.20. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 37.07 and a beta of 0.71.
Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings results on Tuesday, October 16th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). Healthcare Services Group had a return on equity of 17.80% and a net margin of 3.59%. The firm had revenue of $506.90 million for the quarter, compared to analyst estimates of $510.27 million. During the same period in the prior year, the business earned $0.31 earnings per share. Healthcare Services Group’s revenue for the quarter was up 3.2% on a year-over-year basis. Sell-side analysts predict that Healthcare Services Group will post 1.44 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, November 23rd will be paid a dividend of $0.195 per share. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.78 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Wednesday, November 21st. Healthcare Services Group’s dividend payout ratio (DPR) is currently 64.71%.
In other Healthcare Services Group news, Director Dino D. Ottaviano sold 1,150 shares of the firm’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $41.05, for a total transaction of $47,207.50. Following the sale, the director now directly owns 1,694 shares of the company’s stock, valued at approximately $69,538.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert J. Moss sold 3,001 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $41.64, for a total transaction of $124,961.64. Following the sale, the director now directly owns 3,001 shares in the company, valued at $124,961.64. The disclosure for this sale can be found here. Insiders have sold a total of 9,152 shares of company stock worth $391,963 over the last ninety days. 1.00% of the stock is owned by corporate insiders.
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 to nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.
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