Healthcare Services Group (NASDAQ:HCSG) Releases Earnings Results

Healthcare Services Group (NASDAQ:HCSG) posted its quarterly earnings results on Wednesday. The business services provider reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04, Briefing.com reports. The business had revenue of $423.40 million for the quarter, compared to analysts’ expectations of $424.91 million. Healthcare Services Group had a net margin of 2.30% and a return on equity of 10.81%. Healthcare Services Group’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 EPS.

Healthcare Services Group Stock Up 0.2 %

Shares of HCSG traded up $0.02 during midday trading on Thursday, reaching $11.24. 81,631 shares of the stock were exchanged, compared to its average volume of 527,188. The stock’s 50 day simple moving average is $12.24 and its 200 day simple moving average is $10.72. Healthcare Services Group has a twelve month low of $8.75 and a twelve month high of $15.97. The company has a market cap of $827.71 million, a P/E ratio of 21.17 and a beta of 0.49.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on HCSG shares. Benchmark raised their price target on Healthcare Services Group from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. UBS Group boosted their price objective on Healthcare Services Group from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Robert W. Baird upped their target price on shares of Healthcare Services Group from $10.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. StockNews.com raised Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Finally, Royal Bank of Canada boosted their price objective on shares of Healthcare Services Group from $14.00 to $15.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Healthcare Services Group currently has an average rating of “Hold” and a consensus target price of $14.50.

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.