$0.33 EPS Expected for Healthcare Services Group, Inc. (HCSG) This Quarter

Wall Street analysts forecast that Healthcare Services Group, Inc. (NASDAQ:HCSG) will report earnings of $0.33 per share for the current quarter, Zacks reports. Four analysts have made estimates for Healthcare Services Group’s earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.35. Healthcare Services Group posted earnings per share of $0.28 in the same quarter last year, which would indicate a positive year over year growth rate of 17.9%. The company is scheduled to report its next quarterly earnings report on Tuesday, February 6th.

According to Zacks, analysts expect that Healthcare Services Group will report full-year earnings of $1.24 per share for the current financial year, with EPS estimates ranging from $1.23 to $1.26. For the next financial year, analysts forecast that the company will report earnings of $1.45 per share, with EPS estimates ranging from $1.37 to $1.51. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover Healthcare Services Group.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings data on Tuesday, October 17th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.31. 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 the consensus estimate of $485.53 million. During the same quarter in the previous year, the firm earned $0.27 EPS. The company’s quarterly revenue was up 25.1% compared to the same quarter last year.

Several analysts have weighed in on HCSG shares. Robert W. Baird reissued a “buy” rating and set a $52.00 target price on shares of Healthcare Services Group in a research report on Wednesday, October 4th. BidaskClub raised shares of Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research raised shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Thursday, October 19th. Credit Suisse Group reissued an “outperform” rating and set a $62.00 target price (up previously from $56.00) on shares of Healthcare Services Group in a research report on Friday, November 3rd. Finally, Jefferies Group restated a “hold” rating and set a $49.00 price objective on shares of Healthcare Services Group in a research report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Healthcare Services Group presently has a consensus rating of “Hold” and a consensus target price of $54.80.

In other news, EVP Michael E. Mcbryan sold 800 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $53.00, for a total transaction of $42,400.00. Following the completion of the sale, the executive vice president now owns 14,413 shares of the company’s stock, valued at $763,889. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael E. Mcbryan sold 22,500 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $53.03, for a total transaction of $1,193,175.00. Following the sale, the insider now directly owns 14,413 shares of the company’s stock, valued at approximately $764,321.39. The disclosure for this sale can be found here. Corporate insiders own 4.30% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its holdings in shares of Healthcare Services Group by 949.3% in the third quarter. Public Employees Retirement System of Ohio now owns 31,532 shares of the business services provider’s stock valued at $1,702,000 after purchasing an additional 28,527 shares during the period. California Public Employees Retirement System grew its holdings in shares of Healthcare Services Group by 7.1% in the third quarter. California Public Employees Retirement System now owns 258,074 shares of the business services provider’s stock valued at $13,928,000 after purchasing an additional 17,074 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of Healthcare Services Group in the third quarter valued at about $360,000. Oppenheimer Asset Management Inc. grew its holdings in shares of Healthcare Services Group by 4.0% in the third quarter. Oppenheimer Asset Management Inc. now owns 82,964 shares of the business services provider’s stock valued at $4,478,000 after purchasing an additional 3,182 shares during the period. Finally, First Republic Investment Management Inc. grew its holdings in shares of Healthcare Services Group by 29.6% in the third quarter. First Republic Investment Management Inc. now owns 8,199 shares of the business services provider’s stock valued at $442,000 after purchasing an additional 1,874 shares during the period. 93.16% of the stock is owned by institutional investors and hedge funds.

Healthcare Services Group (NASDAQ HCSG) traded up $0.24 during trading hours on Wednesday, reaching $51.23. 245,966 shares of the company’s stock traded hands, compared to its average volume of 509,354. The stock has a market cap of $3,736.19, a P/E ratio of 42.85, a PEG ratio of 3.73 and a beta of 0.62. Healthcare Services Group has a 12 month low of $37.54 and a 12 month high of $55.68.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, November 17th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, November 16th. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.76 dividend on an annualized basis and a yield of 1.48%. Healthcare Services Group’s dividend payout ratio is currently 63.87%.

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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 the healthcare industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States.

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

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