Healthcare Services Group (NASDAQ:HCSG) Issues Earnings Results

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%.

HCSG has been the topic of a number of recent research reports. Stifel Nicolaus initiated coverage on Healthcare Services Group in a research note on Tuesday, June 22nd. They set a “hold” rating on the stock. Royal Bank of Canada decreased their price target on Healthcare Services Group from $30.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Thursday. Robert W. Baird reaffirmed a “hold” rating on shares of Healthcare Services Group in a research note on Monday, April 26th. Finally, Zacks Investment Research raised Healthcare Services Group from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Tuesday. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Healthcare Services Group presently has a consensus rating of “Hold” and a consensus target price of $31.20.

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.

Further Reading: Range Trading

Earnings History for Healthcare Services Group (NASDAQ:HCSG)

Receive News & Ratings for Healthcare Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthcare Services Group and related companies with's FREE daily email newsletter.