Brokerages expect Healthcare Services Group, Inc. (NASDAQ:HCSG) to report earnings per share (EPS) of $0.34 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Healthcare Services Group’s earnings, with estimates ranging from $0.31 to $0.36. Healthcare Services Group posted earnings per share of $0.35 during the same quarter last year, which suggests a negative year over year growth rate of 2.9%. The business is scheduled to announce its next quarterly earnings report on Tuesday, July 23rd.
On average, analysts expect that Healthcare Services Group will report full year earnings of $1.16 per share for the current year, with EPS estimates ranging from $1.07 to $1.22. For the next year, analysts forecast that the company will report earnings of $1.60 per share, with EPS estimates ranging from $1.42 to $1.87. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Healthcare Services Group.
Healthcare Services Group (NASDAQ:HCSG) last released its earnings results on Tuesday, April 30th. The business services provider reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). Healthcare Services Group had a return on equity of 21.65% and a net margin of 4.67%. The firm had revenue of $476.11 million for the quarter, compared to the consensus estimate of $489.64 million. The business’s revenue for the quarter was down 4.9% on a year-over-year basis.
A number of research firms have commented on HCSG. Jefferies Financial Group restated a “hold” rating and set a $32.00 target price (down previously from $40.00) on shares of Healthcare Services Group in a research note on Friday, July 12th. Zacks Investment Research cut shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a research note on Wednesday. Benchmark restated a “buy” rating on shares of Healthcare Services Group in a research note on Thursday, June 27th. ValuEngine upgraded shares of Zumiez from a “sell” rating to a “hold” rating in a research note on Saturday, June 22nd. Finally, Stephens set a $71.00 target price on shares of Saia and gave the stock a “hold” rating in a research note on Thursday, May 2nd. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $39.40.
NASDAQ HCSG traded down $0.92 on Friday, reaching $30.31. 381,785 shares of the stock were exchanged, compared to its average volume of 788,361. Healthcare Services Group has a one year low of $28.24 and a one year high of $48.73. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 2.37 and a beta of 0.76. The firm’s 50-day moving average price is $31.35.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 24th were given a dividend of $0.1975 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $0.79 annualized dividend and a dividend yield of 2.61%. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.20. Healthcare Services Group’s dividend payout ratio (DPR) is presently 70.54%.
In other news, Director Robert L. Frome sold 7,502 shares of Healthcare Services Group stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $32.64, for a total transaction of $244,865.28. Following the sale, the director now owns 18,407 shares in the company, valued at $600,804.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.00% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. LPL Financial LLC increased its position in Healthcare Services Group by 5.9% in the fourth quarter. LPL Financial LLC now owns 8,996 shares of the business services provider’s stock worth $361,000 after purchasing an additional 502 shares during the last quarter. Nicholas Company Inc. increased its position in Healthcare Services Group by 3.8% in the fourth quarter. Nicholas Company Inc. now owns 152,385 shares of the business services provider’s stock worth $6,122,000 after purchasing an additional 5,560 shares during the last quarter. SG Americas Securities LLC boosted its stake in Healthcare Services Group by 3.9% during the first quarter. SG Americas Securities LLC now owns 12,683 shares of the business services provider’s stock worth $418,000 after buying an additional 479 shares during the period. Boston Partners purchased a new position in Healthcare Services Group during the first quarter worth $638,000. Finally, Metropolitan Life Insurance Co. NY boosted its stake in Healthcare Services Group by 77.8% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 43,512 shares of the business services provider’s stock worth $1,748,000 after buying an additional 19,041 shares during the period.
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 nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.
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