Q4 2024 EPS Estimates for Healthcare Services Group, Inc. (NASDAQ:HCSG) Reduced by William Blair

Healthcare Services Group, Inc. (NASDAQ:HCSG) – Research analysts at William Blair decreased their Q4 2024 earnings estimates for shares of Healthcare Services Group in a research report issued on Wednesday, April 24th. William Blair analyst R. Daniels now anticipates that the business services provider will post earnings of $0.20 per share for the quarter, down from their previous forecast of $0.21. The consensus estimate for Healthcare Services Group’s current full-year earnings is $0.77 per share. William Blair also issued estimates for Healthcare Services Group’s FY2025 earnings at $0.85 EPS.

Other equities analysts also recently issued reports about the stock. UBS Group upped their price target on shares of Healthcare Services Group from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Benchmark upped their price target on shares of Healthcare Services Group from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Robert W. Baird upped their price target on shares of Healthcare Services Group from $10.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Royal Bank of Canada upped their price objective on shares of Healthcare Services Group from $14.00 to $15.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Finally, StockNews.com upgraded shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Healthcare Services Group has an average rating of “Hold” and a consensus price target of $14.50.

Healthcare Services Group Trading Down 1.4 %

NASDAQ HCSG opened at $10.85 on Thursday. Healthcare Services Group has a 1-year low of $8.75 and a 1-year high of $15.97. The company has a market capitalization of $799.05 million, a PE ratio of 19.04 and a beta of 0.49. The firm’s fifty day simple moving average is $12.20 and its 200-day simple moving average is $10.73.

Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. Healthcare Services Group had a net margin of 2.44% and a return on equity of 11.44%. The business had revenue of $423.40 million for the quarter, compared to the consensus estimate of $424.91 million. During the same period in the prior year, the business posted $0.17 earnings per share. Healthcare Services Group’s revenue for the quarter was up 1.5% compared to the same quarter last year.

Institutional Investors Weigh In On Healthcare Services Group

Large investors have recently bought and sold shares of the business. Hsbc Holdings PLC boosted its holdings in Healthcare Services Group by 24.1% in the third quarter. Hsbc Holdings PLC now owns 60,826 shares of the business services provider’s stock worth $639,000 after purchasing an additional 11,797 shares in the last quarter. Jump Financial LLC bought a new stake in Healthcare Services Group during the third quarter valued at about $1,151,000. AQR Capital Management LLC boosted its holdings in Healthcare Services Group by 269.6% during the third quarter. AQR Capital Management LLC now owns 417,110 shares of the business services provider’s stock valued at $4,350,000 after acquiring an additional 304,258 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Healthcare Services Group by 87.1% during the third quarter. Assenagon Asset Management S.A. now owns 816,756 shares of the business services provider’s stock valued at $8,519,000 after acquiring an additional 380,110 shares during the period. Finally, Teacher Retirement System of Texas boosted its holdings in Healthcare Services Group by 25.9% during the third quarter. Teacher Retirement System of Texas now owns 26,037 shares of the business services provider’s stock valued at $272,000 after acquiring an additional 5,358 shares during the period. 97.97% of the stock is currently owned by institutional investors.

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.