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%.
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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