Healthcare Services Group (NASDAQ:HCSG) released its quarterly earnings data on Tuesday. The business services provider reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.16), MarketWatch Earnings reports. The company had revenue of $398.20 million for the quarter, compared to analyst estimates of $407.24 million. Healthcare Services Group had a return on equity of 21.85% and a net margin of 6.00%. The business’s quarterly revenue was down 11.9% on a year-over-year basis. During the same period last year, the firm posted $0.31 EPS.
Shares of HCSG stock traded down $0.03 on Thursday, hitting $26.89. The stock had a trading volume of 40,403 shares, compared to its average volume of 569,681. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 19.51 and a beta of 0.42. Healthcare Services Group has a 1 year low of $20.05 and a 1 year high of $35.80. The firm has a 50 day moving average of $30.97.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 24th. Investors of record on Friday, August 20th will be issued a $0.209 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Thursday, August 19th. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.21. Healthcare Services Group’s payout ratio is currently 62.88%.
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 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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