Brokerages predict that Healthcare Services Group, Inc. (NASDAQ:HCSG) will report earnings of $0.34 per share for the current quarter, according to Zacks. Four analysts have made estimates for Healthcare Services Group’s earnings, with the highest EPS estimate coming in at $0.36 and the lowest estimate coming in at $0.31. Healthcare Services Group posted earnings of $0.35 per share during the same quarter last year, which would suggest a negative year over year growth rate of 2.9%. The firm is expected to announce its next earnings results on Tuesday, July 23rd.
According to Zacks, analysts expect that Healthcare Services Group will report full-year earnings of $1.16 per share for the current fiscal year, with EPS estimates ranging from $1.07 to $1.22. For the next fiscal year, analysts expect that the business will report earnings of $1.60 per share, with EPS estimates ranging from $1.42 to $1.87. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Healthcare Services Group.
Healthcare Services Group (NASDAQ:HCSG) last announced its earnings results on Tuesday, April 30th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). Healthcare Services Group had a net margin of 4.67% and a return on equity of 21.65%. The business had revenue of $476.11 million for the quarter, compared to analysts’ expectations of $489.64 million. The company’s revenue for the quarter was down 4.9% on a year-over-year basis.
Several research analysts recently commented on HCSG shares. Benchmark reissued a “buy” rating on shares of Healthcare Services Group in a research note on Thursday, June 27th. Zacks Investment Research downgraded H&E Equipment Services from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine raised Zumiez from a “sell” rating to a “hold” rating in a research note on Saturday, June 22nd. Jefferies Financial Group reissued a “hold” rating and issued a $32.00 price objective (down from $40.00) on shares of Healthcare Services Group in a research note on Friday, July 12th. Finally, Stephens set a $71.00 price objective on Saia and gave the company a “hold” rating in a research note on Thursday, May 2nd. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $39.40.
In related news, Director Robert L. Frome sold 7,502 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $32.64, for a total value of $244,865.28. Following the completion of the transaction, the director now directly owns 18,407 shares of the company’s stock, valued at approximately $600,804.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of HCSG. Tompkins Financial Corp acquired a new stake in shares of Healthcare Services Group in the 2nd quarter worth $30,000. Icon Wealth Partners LLC acquired a new stake in shares of Healthcare Services Group in the 1st quarter worth $45,000. Bronfman E.L. Rothschild L.P. increased its stake in shares of Healthcare Services Group by 43.6% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,512 shares of the business services provider’s stock worth $61,000 after acquiring an additional 459 shares during the last quarter. Ropes Wealth Advisors LLC increased its stake in shares of Healthcare Services Group by 419.2% in the 1st quarter. Ropes Wealth Advisors LLC now owns 2,700 shares of the business services provider’s stock worth $89,000 after acquiring an additional 2,180 shares during the last quarter. Finally, Quantamental Technologies LLC increased its stake in shares of Healthcare Services Group by 402.6% in the 1st quarter. Quantamental Technologies LLC now owns 2,900 shares of the business services provider’s stock worth $96,000 after acquiring an additional 2,323 shares during the last quarter.
Shares of NASDAQ:HCSG traded down $0.92 during midday trading on Friday, reaching $30.31. 381,785 shares of the company’s stock traded hands, compared to its average volume of 788,361. The company has a fifty day simple moving average of $31.35. Healthcare Services Group has a 1 year low of $28.24 and a 1 year high of $48.73. The stock has a market cap of $2.25 billion, a P/E ratio of 27.06, a P/E/G ratio of 2.37 and a beta of 0.76.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 24th were paid a $0.1975 dividend. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.20. This represents a $0.79 annualized dividend and a yield of 2.61%. The ex-dividend date was Thursday, May 23rd. Healthcare Services Group’s dividend payout ratio is currently 70.54%.
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 nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.
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