Headlines about Healthcare Services Group (NASDAQ:HCSG) have trended positive recently, InfoTrie Sentiment reports. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Healthcare Services Group earned a news sentiment score of 3.00 on their scale. InfoTrie also gave media headlines about the business services provider an news buzz score of 7 out of 10, meaning that recent media coverage is likely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Healthcare Services Group’s score:
NASDAQ HCSG opened at $41.68 on Friday. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 35.02 and a beta of 0.73. Healthcare Services Group has a 12-month low of $35.04 and a 12-month high of $56.20.
Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings data on Tuesday, October 16th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). The business had revenue of $506.90 million during the quarter, compared to the consensus estimate of $510.27 million. Healthcare Services Group had a net margin of 3.59% and a return on equity of 17.80%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 EPS. On average, equities research analysts expect that Healthcare Services Group will post 1.44 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, November 23rd will be issued a $0.195 dividend. The ex-dividend date is Wednesday, November 21st. This represents a $0.78 dividend on an annualized basis and a yield of 1.87%. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s payout ratio is currently 65.55%.
HCSG has been the subject of several research analyst reports. ValuEngine raised shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. BidaskClub raised shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 10th. Stephens started coverage on shares of Healthcare Services Group in a report on Tuesday, October 2nd. They issued an “overweight” rating for the company. Jefferies Financial Group set a $53.00 price objective on shares of Healthcare Services Group and gave the company a “buy” rating in a report on Tuesday, October 2nd. Finally, Zacks Investment Research downgraded shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $46.00.
In other news, Director Robert J. Moss sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $47.55, for a total value of $95,100.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $95,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert J. Moss sold 5,001 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $43.95, for a total transaction of $219,793.95. Following the completion of the transaction, the director now owns 5,001 shares of the company’s stock, valued at $219,793.95. The disclosure for this sale can be found here. Insiders sold a total of 7,701 shares of company stock valued at $347,780 in the last three months. Insiders own 1.00% of the company’s stock.
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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 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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