Wall Street brokerages expect that Healthcare Services Group, Inc. (NASDAQ:HCSG) will report $0.37 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Healthcare Services Group’s earnings. The lowest EPS estimate is $0.36 and the highest is $0.37. Healthcare Services Group reported earnings of $0.31 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 19.4%. The business is scheduled to report its next earnings results after the market closes on Tuesday, October 16th.
According to Zacks, analysts expect that Healthcare Services Group will report full-year earnings of $1.48 per share for the current fiscal year, with EPS estimates ranging from $1.46 to $1.50. For the next financial year, analysts forecast that the company will report earnings of $1.72 per share, with EPS estimates ranging from $1.67 to $1.77. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Healthcare Services Group.
Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings data on Tuesday, July 17th. The business services provider reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.03). Healthcare Services Group had a net margin of 3.48% and a return on equity of 17.46%. The company had revenue of $503.70 million for the quarter, compared to analysts’ expectations of $508.78 million. During the same period in the previous year, the firm posted $0.30 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis.
A number of analysts have issued reports on HCSG shares. ValuEngine upgraded shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Friday. BidaskClub upgraded shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 10th. Berenberg Bank began coverage on shares of Healthcare Services Group in a research report on Thursday, October 4th. They set a “hold” rating and a $40.00 target price on the stock. Zacks Investment Research lowered shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Finally, Stephens began coverage on shares of Healthcare Services Group in a research report on Tuesday, October 2nd. They set an “overweight” rating on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Healthcare Services Group presently has an average rating of “Hold” and a consensus target price of $46.00.
In other news, Director Dino D. Ottaviano sold 1,150 shares of the business’s stock in a transaction dated Thursday, August 16th. The stock was 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 in the company, valued at $69,538.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert J. Moss sold 3,001 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $41.64, for a total value of $124,961.64. Following the sale, the director now owns 3,001 shares in the company, valued at $124,961.64. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of HCSG. Raymond James Trust N.A. bought a new position in shares of Healthcare Services Group during the 2nd quarter valued at about $203,000. Brookstone Capital Management purchased a new position in Healthcare Services Group during the second quarter valued at $203,000. Allianz Asset Management GmbH bought a new stake in shares of Healthcare Services Group in the 1st quarter worth $212,000. Signature Financial Management Inc. bought a new stake in shares of Healthcare Services Group in the 2nd quarter worth $216,000. Finally, Eqis Capital Management Inc. bought a new stake in shares of Healthcare Services Group in the 2nd quarter worth $222,000. 97.93% of the stock is currently owned by hedge funds and other institutional investors.
HCSG traded up $0.05 on Wednesday, reaching $39.37. 17,151 shares of the company traded hands, compared to its average volume of 970,447. Healthcare Services Group has a 52-week low of $35.04 and a 52-week high of $56.20. The company has a market capitalization of $3.00 billion, a PE ratio of 33.18 and a beta of 0.81.
The company also recently declared a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, August 24th were given a $0.1938 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.97%. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, August 23rd. Healthcare Services Group’s dividend payout ratio (DPR) is currently 64.71%.
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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