Healthcare Services Group, Inc. (NASDAQ:HCSG) issued its earnings results on Tuesday, October 17th. The business services provider reported $0.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.31, RTT News reports. Healthcare Services Group had a net margin of 5.00% and a return on equity of 24.17%. The firm had revenue of $491.40 million for the quarter, compared to analyst estimates of $485.53 million. During the same quarter last year, the business posted $0.27 earnings per share. The company’s quarterly revenue was up 25.1% on a year-over-year basis.
Healthcare Services Group (NASDAQ HCSG) opened at 52.93 on Friday. The company has a market cap of $3.89 billion, a P/E ratio of 44.48 and a beta of 0.62. The company’s 50-day moving average is $52.97 and its 200-day moving average is $49.72. Healthcare Services Group has a 52 week low of $34.83 and a 52 week high of $55.68.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, November 17th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Thursday, November 16th. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s dividend payout ratio (DPR) is currently 63.03%.
A number of analysts have weighed in on the stock. Jefferies Group LLC set a $52.00 target price on shares of Healthcare Services Group and gave the company a “hold” rating in a research report on Thursday, October 19th. Stifel Nicolaus reiterated a “buy” rating on shares of Healthcare Services Group in a report on Thursday, October 19th. Zacks Investment Research lowered shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Robert W. Baird reiterated a “buy” rating and set a $52.00 price target on shares of Healthcare Services Group in a report on Wednesday, October 4th. Finally, BidaskClub upgraded shares of Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $53.60.
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In other news, Director John Briggs sold 2,500 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $50.75, for a total transaction of $126,875.00. Following the transaction, the director now owns 18,579 shares in the company, valued at $942,884.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO John Christopher Shea sold 4,750 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $52.00, for a total transaction of $247,000.00. Following the transaction, the chief financial officer now owns 7,157 shares in the company, valued at approximately $372,164. The disclosure for this sale can be found here. Insiders sold 29,750 shares of company stock valued at $1,539,825 over the last quarter. 4.30% of the stock is currently owned by corporate insiders.
About Healthcare Services Group
Healthcare Services Group, Inc provides management, administrative and operating services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of the healthcare industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States.
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