Healthcare Services Group, Inc. (NASDAQ:HCSG) – Stock analysts at William Blair cut their Q2 2018 earnings per share (EPS) estimates for shares of Healthcare Services Group in a research report issued to clients and investors on Tuesday, April 17th. William Blair analyst R. Daniels now forecasts that the business services provider will post earnings per share of $0.40 for the quarter, down from their prior estimate of $0.45. William Blair also issued estimates for Healthcare Services Group’s Q3 2018 earnings at $0.44 EPS, FY2018 earnings at $1.66 EPS, Q1 2019 earnings at $0.47 EPS, Q2 2019 earnings at $0.48 EPS, Q3 2019 earnings at $0.51 EPS, Q4 2019 earnings at $0.51 EPS and FY2019 earnings at $1.98 EPS.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised Healthcare Services Group from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Tuesday, February 6th. Stifel Nicolaus downgraded Healthcare Services Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $57.00 to $44.00 in a report on Wednesday. Jefferies Group set a $40.00 target price on Healthcare Services Group and gave the company a “hold” rating in a report on Tuesday. Robert W. Baird reduced their target price on Healthcare Services Group from $50.00 to $48.00 and set a “hold” rating on the stock in a report on Tuesday. Finally, BidaskClub raised Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Healthcare Services Group currently has a consensus rating of “Hold” and an average target price of $45.60.
Shares of HCSG stock opened at $39.08 on Thursday. The firm has a market capitalization of $2,991.37, a price-to-earnings ratio of 32.84, a price-to-earnings-growth ratio of 2.21 and a beta of 0.79. Healthcare Services Group has a fifty-two week low of $35.04 and a fifty-two week high of $56.20.
Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings data on Tuesday, April 17th. The business services provider reported $0.00 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.38). The company had revenue of $501.81 million for the quarter, compared to the consensus estimate of $505.44 million. Healthcare Services Group had a return on equity of 17.05% and a net margin of 3.38%. Healthcare Services Group’s revenue was up 24.1% on a year-over-year basis. During the same quarter last year, the business earned $0.30 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, May 25th will be issued a $0.1925 dividend. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Thursday, May 24th. 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 63.87%.
In related news, Director Dino D. Ottaviano sold 1,500 shares of the firm’s stock in a transaction on Friday, March 16th. The stock was sold at an average price of $45.15, for a total transaction of $67,725.00. Following the sale, the director now owns 2,044 shares of the company’s stock, valued at approximately $92,286.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert J. Moss sold 2,000 shares of the firm’s stock in a transaction on Monday, March 19th. The shares were sold at an average price of $44.50, for a total value of $89,000.00. Following the sale, the director now directly owns 2,000 shares in the company, valued at approximately $89,000. The disclosure for this sale can be found here. Company insiders own 4.30% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HCSG. Wasatch Advisors Inc. boosted its holdings in shares of Healthcare Services Group by 143.9% during the 4th quarter. Wasatch Advisors Inc. now owns 3,044,131 shares of the business services provider’s stock valued at $160,487,000 after acquiring an additional 1,795,855 shares in the last quarter. Atlantic Trust Group LLC acquired a new stake in shares of Healthcare Services Group during the 3rd quarter valued at $39,425,000. Segall Bryant & Hamill LLC boosted its holdings in shares of Healthcare Services Group by 59.7% during the 4th quarter. Segall Bryant & Hamill LLC now owns 786,691 shares of the business services provider’s stock valued at $41,474,000 after acquiring an additional 294,125 shares in the last quarter. Teachers Advisors LLC boosted its holdings in shares of Healthcare Services Group by 159.3% during the 4th quarter. Teachers Advisors LLC now owns 332,030 shares of the business services provider’s stock valued at $17,505,000 after acquiring an additional 204,004 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of Healthcare Services Group by 2.1% during the 4th quarter. BlackRock Inc. now owns 9,143,357 shares of the business services provider’s stock valued at $482,037,000 after acquiring an additional 191,837 shares in the last quarter. 97.66% of the stock is currently owned by institutional investors.
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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 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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