Healthcare Services Group (NASDAQ:HCSG) Posts Quarterly Earnings Results

Healthcare Services Group (NASDAQ:HCSG) issued its quarterly earnings data on Tuesday. The business services provider reported $0.25 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.25, Bloomberg Earnings reports. Healthcare Services Group had a return on equity of 17.28% and a net margin of 4.09%. The company had revenue of $446.96 million for the quarter, compared to the consensus estimate of $444.52 million.

Shares of HCSG stock traded up $0.71 during mid-day trading on Friday, reaching $28.89. 9,800 shares of the company were exchanged, compared to its average volume of 579,632. Healthcare Services Group has a fifty-two week low of $21.16 and a fifty-two week high of $40.91. The company has a market capitalization of $1.96 billion, a P/E ratio of 27.94 and a beta of 0.75. The business’s 50 day simple moving average is $25.93 and its 200 day simple moving average is $24.64.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, February 28th will be given a dividend of $0.201 per share. The ex-dividend date is Thursday, February 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.78%. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.20. Healthcare Services Group’s dividend payout ratio (DPR) is presently 71.43%.

Several research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. Zacks Investment Research lowered shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a report on Monday, January 13th. Jefferies Financial Group assumed coverage on shares of Healthcare Services Group in a report on Wednesday. They issued a “hold” rating and a $25.00 price target on the stock. Benchmark restated a “buy” rating and issued a $34.00 price target (down previously from $37.00) on shares of Healthcare Services Group in a report on Wednesday, October 23rd. Finally, Credit Suisse Group reiterated a “buy” rating and set a $32.00 price objective on shares of Healthcare Services Group in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Healthcare Services Group presently has an average rating of “Hold” and a consensus price target of $33.57.

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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Earnings History for Healthcare Services Group (NASDAQ:HCSG)

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