Zacks: Brokerages Expect Healthcare Services Group, Inc. (NASDAQ:HCSG) Will Post Earnings of $0.25 Per Share

Wall Street analysts expect Healthcare Services Group, Inc. (NASDAQ:HCSG) to report $0.25 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Healthcare Services Group’s earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.28. Healthcare Services Group reported earnings of $0.42 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 40.5%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, February 4th.

On average, analysts expect that Healthcare Services Group will report full year earnings of $0.86 per share for the current financial year, with EPS estimates ranging from $0.85 to $0.89. For the next financial year, analysts anticipate that the company will post earnings of $1.16 per share, with EPS estimates ranging from $1.09 to $1.21. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Healthcare Services Group.

Healthcare Services Group (NASDAQ:HCSG) last released its earnings results on Tuesday, October 22nd. The business services provider reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.03). The firm had revenue of $455.60 million during the quarter, compared to analysts’ expectations of $451.31 million. Healthcare Services Group had a return on equity of 17.28% and a net margin of 4.09%. The firm’s revenue was down 10.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 earnings per share.

Several equities analysts recently weighed in on the stock. ValuEngine upgraded shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. BidaskClub upgraded shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 11th. Zacks Investment Research lowered shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a report on Friday, October 25th. Benchmark restated a “buy” rating and set a $34.00 target price (down previously from $37.00) on shares of Healthcare Services Group in a report on Wednesday, October 23rd. Finally, Credit Suisse Group restated a “buy” rating and set a $32.00 target price on shares of Healthcare Services Group in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $36.00.

HCSG stock traded up $0.14 during midday trading on Tuesday, hitting $25.38. The stock had a trading volume of 293,500 shares, compared to its average volume of 890,992. The firm has a market cap of $1.90 billion, a PE ratio of 22.66 and a beta of 0.73. The company’s 50-day moving average price is $24.55 and its 200 day moving average price is $27.75. Healthcare Services Group has a 12-month low of $21.16 and a 12-month high of $48.73.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 22nd will be paid a dividend of $0.20 per share. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, November 21st. This represents a $0.80 annualized dividend and a yield of 3.15%. Healthcare Services Group’s payout ratio is 71.43%.

In related news, Director Robert L. Frome sold 8,500 shares of Healthcare Services Group stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $24.06, for a total transaction of $204,510.00. Following the sale, the director now owns 9,907 shares of the company’s stock, valued at approximately $238,362.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.00% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in HCSG. Financial Gravity Wealth Inc. increased its stake in Healthcare Services Group by 1,148.6% during the 2nd quarter. Financial Gravity Wealth Inc. now owns 899 shares of the business services provider’s stock worth $27,000 after buying an additional 827 shares during the period. Tompkins Financial Corp bought a new stake in shares of Healthcare Services Group in the 2nd quarter worth about $30,000. Huntington National Bank increased its position in shares of Healthcare Services Group by 88.8% in the 2nd quarter. Huntington National Bank now owns 1,210 shares of the business services provider’s stock worth $37,000 after purchasing an additional 569 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Healthcare Services Group by 6,935.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 2,392 shares of the business services provider’s stock worth $57,000 after purchasing an additional 2,358 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Healthcare Services Group in the 2nd quarter worth about $71,000.

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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Earnings History and Estimates for Healthcare Services Group (NASDAQ:HCSG)

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