Wall Street analysts forecast that Healthcare Services Group, Inc. (NASDAQ:HCSG) will post earnings of $0.37 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Healthcare Services Group’s earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.39. Healthcare Services Group posted earnings of $0.27 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 37%. The firm is expected to announce its next quarterly earnings results on Tuesday, February 5th.
On average, analysts expect that Healthcare Services Group will report full-year earnings of $1.44 per share for the current fiscal year, with EPS estimates ranging from $1.42 to $1.46. For the next financial year, analysts forecast that the firm will post earnings of $1.67 per share, with EPS estimates ranging from $1.51 to $1.76. Zacks’ EPS averages are an average based on a survey of analysts that that provide coverage for Healthcare Services Group.
Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings results on Tuesday, October 16th. The business services provider reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). Healthcare Services Group had a return on equity of 17.80% and a net margin of 3.59%. The company had revenue of $506.90 million during the quarter, compared to the consensus estimate of $510.27 million. During the same period in the previous year, the business earned $0.31 earnings per share. Healthcare Services Group’s revenue was up 3.2% on a year-over-year basis.
A number of equities analysts have recently commented on the company. Benchmark reaffirmed a “buy” rating on shares of Healthcare Services Group in a report on Wednesday, July 18th. ValuEngine lowered Healthcare Services Group from a “hold” rating to a “sell” rating in a report on Thursday, July 19th. Stifel Nicolaus lowered Healthcare Services Group from a “hold” rating to a “sell” rating and cut their price target for the stock from $44.00 to $35.00 in a report on Wednesday, July 18th. Zacks Investment Research lowered Healthcare Services Group from a “hold” rating to a “sell” rating in a report on Thursday, August 30th. Finally, BidaskClub lowered Healthcare Services Group from a “hold” rating to a “sell” rating in a report on Thursday, July 19th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $46.00.
In related news, Director Robert J. Moss sold 3,001 shares of Healthcare Services Group stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $41.64, for a total transaction of $124,961.64. Following the completion of the sale, the director now owns 3,001 shares of the company’s stock, valued at $124,961.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dino D. Ottaviano sold 1,150 shares of Healthcare Services Group stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $41.05, for a total value of $47,207.50. Following the sale, the director now directly owns 1,694 shares of the company’s stock, valued at approximately $69,538.70. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. Brookstone Capital Management bought a new stake in Healthcare Services Group during the second quarter valued at $203,000. Raymond James Trust N.A. bought a new stake in Healthcare Services Group during the second quarter worth about $203,000. Allianz Asset Management GmbH bought a new stake in Healthcare Services Group during the first quarter worth about $212,000. Signature Financial Management Inc. bought a new stake in Healthcare Services Group during the second quarter worth about $216,000. Finally, Eqis Capital Management Inc. bought a new stake in Healthcare Services Group during the second quarter worth about $222,000.
Shares of Healthcare Services Group stock traded up $1.40 during trading hours on Friday, reaching $43.34. The company had a trading volume of 557,900 shares, compared to its average volume of 1,025,844. Healthcare Services Group has a one year low of $35.04 and a one year high of $56.20. The firm has a market capitalization of $3.20 billion, a P/E ratio of 36.42 and a beta of 0.71.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, November 23rd will be paid a dividend of $0.195 per share. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, November 21st. This represents a $0.78 annualized dividend and a yield of 1.80%. Healthcare Services Group’s dividend payout ratio (DPR) is currently 64.71%.
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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