Healthcare Services Group (HCSG) to Release Earnings on Tuesday

Healthcare Services Group (NASDAQ:HCSG) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, April 17th. Analysts expect Healthcare Services Group to post earnings of $0.38 per share for the quarter.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings data on Tuesday, February 6th. The business services provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.04). The company had revenue of $499.41 million during the quarter, compared to the consensus estimate of $499.37 million. Healthcare Services Group had a return on equity of 23.17% and a net margin of 4.73%. The business’s revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 EPS. On average, analysts expect Healthcare Services Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

HCSG stock traded down $0.13 during mid-day trading on Friday, hitting $42.19. The company had a trading volume of 1,280,171 shares, compared to its average volume of 1,030,842. The firm has a market cap of $3,085.68, a price-to-earnings ratio of 35.45, a P/E/G ratio of 2.28 and a beta of 0.79. Healthcare Services Group has a 12 month low of $40.89 and a 12 month high of $56.20.



The firm also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, February 16th were paid a $0.1913 dividend. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.77 annualized dividend and a dividend yield of 1.81%. Healthcare Services Group’s dividend payout ratio (DPR) is presently 63.87%.

Several research firms have recently weighed in on HCSG. BidaskClub upgraded shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Friday, January 26th. Robert W. Baird downgraded shares of Healthcare Services Group from an “outperform” rating to a “neutral” rating and set a $52.00 target price for the company. in a research note on Wednesday, February 7th. Finally, Zacks Investment Research upgraded shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $52.80.

In other news, Director Robert J. Moss sold 2,000 shares of Healthcare Services Group stock in a transaction dated Monday, March 19th. The shares were sold at an average price of $44.50, for a total value of $89,000.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at $89,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dino D. Ottaviano sold 1,500 shares of Healthcare Services Group stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $45.15, for a total transaction of $67,725.00. Following the completion of the transaction, the director now owns 2,044 shares of the company’s stock, valued at approximately $92,286.60. The disclosure for this sale can be found here. 4.30% of the stock is owned by company insiders.

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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.

Earnings History for Healthcare Services Group (NASDAQ:HCSG)

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