$0.37 Earnings Per Share Expected for Healthcare Services Group, Inc. (HCSG) This Quarter

Equities analysts forecast that Healthcare Services Group, Inc. (NASDAQ:HCSG) will report earnings of $0.37 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Healthcare Services Group’s earnings. The highest EPS estimate is $0.39 and the lowest is $0.35. Healthcare Services Group reported earnings per share of $0.27 during the same quarter last year, which indicates a positive year over year growth rate of 37%. The company is scheduled to announce its next quarterly earnings results on Tuesday, February 5th.

According to Zacks, analysts expect that Healthcare Services Group will report full year earnings of $1.44 per share for the current year, with EPS estimates ranging from $1.42 to $1.46. For the next fiscal year, analysts forecast that the company will post earnings of $1.67 per share, with EPS estimates ranging from $1.51 to $1.76. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Healthcare Services Group.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings results on Tuesday, October 16th. The business services provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The company 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 was up 3.2% compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share.

A number of analysts have recently commented on the company. Benchmark reaffirmed a “buy” rating on shares of Healthcare Services Group in a research note on Wednesday, July 18th. ValuEngine cut Healthcare Services Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 19th. Stifel Nicolaus cut Healthcare Services Group from a “hold” rating to a “sell” rating and lowered their price target for the company from $44.00 to $35.00 in a research note on Wednesday, July 18th. Zacks Investment Research cut Healthcare Services Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 30th. Finally, BidaskClub lowered Healthcare Services Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 19th. Two 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 given a strong buy rating to the company’s stock. Healthcare Services Group has an average rating of “Hold” and a consensus target price of $46.00.

In related news, Director Dino D. Ottaviano sold 1,150 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $41.05, for a total value of $47,207.50. Following the completion of the transaction, the director now directly owns 1,694 shares in the company, valued at approximately $69,538.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert J. Moss sold 3,001 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $41.64, for a total value of $124,961.64. Following the completion of the transaction, the director now owns 3,001 shares of the company’s stock, valued at $124,961.64. The disclosure for this sale can be found here. Insiders sold a total of 9,152 shares of company stock valued at $391,963 over the last quarter. 1.00% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of HCSG. FMR LLC acquired a new position in shares of Healthcare Services Group in the 2nd quarter valued at approximately $96,315,000. Janus Henderson Group PLC boosted its position in Healthcare Services Group by 52.6% during the 2nd quarter. Janus Henderson Group PLC now owns 3,732,363 shares of the business services provider’s stock worth $161,201,000 after acquiring an additional 1,286,629 shares during the last quarter. Van Berkom & Associates Inc. boosted its position in Healthcare Services Group by 290.8% during the 3rd quarter. Van Berkom & Associates Inc. now owns 1,142,666 shares of the business services provider’s stock worth $46,415,000 after acquiring an additional 850,262 shares during the last quarter. Waddell & Reed Financial Inc. boosted its position in Healthcare Services Group by 121.9% during the 2nd quarter. Waddell & Reed Financial Inc. now owns 1,218,984 shares of the business services provider’s stock worth $52,648,000 after acquiring an additional 669,670 shares during the last quarter. Finally, BlackRock Inc. boosted its position in Healthcare Services Group by 6.9% during the 2nd quarter. BlackRock Inc. now owns 8,215,506 shares of the business services provider’s stock worth $354,826,000 after acquiring an additional 528,702 shares during the last quarter.

Shares of HCSG stock traded down $0.03 on Friday, reaching $44.11. The company had a trading volume of 508,917 shares, compared to its average volume of 975,337. The stock has a market cap of $3.26 billion, a PE ratio of 37.07 and a beta of 0.71. Healthcare Services Group has a 12 month low of $35.04 and a 12 month high of $56.20.

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 given a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, November 21st. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.78 annualized dividend and a dividend yield of 1.77%. Healthcare Services Group’s payout ratio is currently 64.71%.

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.

Recommended Story: Liquidity

Get a free copy of the Zacks research report on Healthcare Services Group (HCSG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Healthcare Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthcare Services Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply