Brokerages expect Healthcare Services Group, Inc. (NASDAQ:HCSG) to post earnings per share (EPS) of $0.34 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Healthcare Services Group’s earnings. The lowest EPS estimate is $0.31 and the highest is $0.36. Healthcare Services Group reported earnings per share of $0.35 during the same quarter last year, which indicates a negative year over year growth rate of 2.9%. The firm is scheduled to announce its next earnings results on Tuesday, July 23rd.
On average, 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 anticipate that the firm will post earnings of $1.60 per share, with EPS estimates ranging from $1.42 to $1.87. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Healthcare Services Group.
Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings data on Tuesday, April 30th. The business services provider reported $0.12 EPS for the quarter, missing the consensus estimate 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 firm’s revenue was down 4.9% compared to the same quarter last year.
Several research firms recently issued reports on HCSG. Benchmark reiterated a “buy” rating on shares of Healthcare Services Group in a research report on Thursday, June 27th. Jefferies Financial Group reissued a “hold” rating and set a $32.00 price target (down from $40.00) on shares of Healthcare Services Group in a research note on Friday, July 12th. ValuEngine raised Zumiez from a “sell” rating to a “hold” rating in a research report on Saturday, June 22nd. Stephens set a $71.00 price target on Saia and gave the stock a “hold” rating in a research report on Thursday, May 2nd. Finally, Zacks Investment Research lowered H&E Equipment Services from a “hold” rating to a “sell” rating in a research report on Wednesday. Four analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $39.40.
In other 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 sale, the director now directly owns 18,407 shares in the company, valued at $600,804.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.00% of the company’s stock.
Several hedge funds have recently modified their holdings of the business. Oregon Public Employees Retirement Fund grew its holdings in shares of Healthcare Services Group by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 29,949 shares of the business services provider’s stock worth $908,000 after buying an additional 422 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its holdings in 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 valued at $61,000 after purchasing an additional 459 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Healthcare Services Group by 3.9% during the 1st quarter. SG Americas Securities LLC now owns 12,683 shares of the business services provider’s stock valued at $418,000 after acquiring an additional 479 shares during the period. LPL Financial LLC lifted its position in shares of Healthcare Services Group by 5.9% during the 4th quarter. LPL Financial LLC now owns 8,996 shares of the business services provider’s stock valued at $361,000 after acquiring an additional 502 shares during the period. Finally, Goelzer Investment Management Inc. lifted its position in shares of Healthcare Services Group by 0.8% during the 1st quarter. Goelzer Investment Management Inc. now owns 64,718 shares of the business services provider’s stock valued at $2,135,000 after acquiring an additional 537 shares during the period.
Shares of NASDAQ HCSG traded down $0.73 during trading on Friday, hitting $30.50. The company had a trading volume of 18,561 shares, compared to its average volume of 786,408. The company has a 50 day simple moving average of $31.36. Healthcare Services Group has a 12 month low of $28.24 and a 12 month high of $48.73. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 27.57, a P/E/G ratio of 2.43 and a beta of 0.76.
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 24th were given a dividend of $0.1975 per share. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.20. This represents a $0.79 annualized dividend and a dividend yield of 2.59%. The ex-dividend date was Thursday, May 23rd. Healthcare Services Group’s dividend payout ratio (DPR) 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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