Equities analysts expect Healthcare Services Group, Inc. (NASDAQ:HCSG) to post $0.36 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Healthcare Services Group’s earnings. The highest EPS estimate is $0.38 and the lowest is $0.33. Healthcare Services Group posted earnings per share of $0.27 during the same quarter last year, which indicates a positive year over year growth rate of 33.3%. The firm is expected to announce its next quarterly earnings report on Tuesday, February 5th.
According to Zacks, analysts expect that Healthcare Services Group will report full year earnings of $1.43 per share for the current year, with EPS estimates ranging from $1.42 to $1.44. For the next fiscal year, analysts anticipate that the business will report earnings of $1.65 per share, with EPS estimates ranging from $1.51 to $1.72. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Healthcare Services Group.
Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings results on Tuesday, October 16th. The business services provider reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). The firm had revenue of $506.90 million for the quarter, compared to analyst estimates of $510.27 million. Healthcare Services Group had a return on equity of 17.80% and a net margin of 3.59%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 EPS.
Several brokerages have recently weighed in on HCSG. ValuEngine cut Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Zacks Investment Research lowered Healthcare Services Group from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, BidaskClub raised Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $45.86.
In related news, Director Robert J. Moss sold 2,000 shares of the stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $47.55, for a total value of $95,100.00. Following the transaction, the director now owns 2,000 shares of the company’s stock, valued at $95,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert J. Moss sold 5,001 shares of the stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $43.95, for a total value of $219,793.95. Following the completion of the transaction, the director now directly owns 5,001 shares in the company, valued at approximately $219,793.95. The disclosure for this sale can be found here. Insiders sold 7,701 shares of company stock worth $347,780 in the last three months. 1.00% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Healthcare Services Group by 0.4% in the third quarter. BlackRock Inc. now owns 8,249,495 shares of the business services provider’s stock valued at $335,094,000 after acquiring an additional 33,989 shares in the last quarter. Vanguard Group Inc boosted its stake in Healthcare Services Group by 2.2% in the third quarter. Vanguard Group Inc now owns 6,969,490 shares of the business services provider’s stock valued at $283,101,000 after acquiring an additional 151,999 shares in the last quarter. Vanguard Group Inc. boosted its stake in Healthcare Services Group by 2.2% in the third quarter. Vanguard Group Inc. now owns 6,969,490 shares of the business services provider’s stock valued at $283,101,000 after acquiring an additional 151,999 shares in the last quarter. William Blair Investment Management LLC boosted its stake in Healthcare Services Group by 8.5% in the third quarter. William Blair Investment Management LLC now owns 4,208,946 shares of the business services provider’s stock valued at $170,967,000 after acquiring an additional 330,009 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Healthcare Services Group by 5.0% in the third quarter. Janus Henderson Group PLC now owns 3,917,418 shares of the business services provider’s stock valued at $159,126,000 after acquiring an additional 185,055 shares in the last quarter.
Shares of Healthcare Services Group stock opened at $42.59 on Friday. Healthcare Services Group has a twelve month low of $35.04 and a twelve month high of $56.20. The stock has a market capitalization of $3.13 billion, a P/E ratio of 35.79 and a beta of 0.89.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 28th. Investors of record on Friday, November 23rd were issued a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 1.83%. The ex-dividend date was Wednesday, November 21st. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s dividend payout ratio is 65.55%.
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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