What is William Blair’s Estimate for HCSG FY2025 Earnings?

Healthcare Services Group, Inc. (NASDAQ:HCSG) – Analysts at William Blair decreased their FY2025 earnings per share estimates for Healthcare Services Group in a report issued on Wednesday, October 23rd. William Blair analyst R. Daniels now forecasts that the business services provider will earn $0.84 per share for the year, down from their previous forecast of $0.85. The consensus estimate for Healthcare Services Group’s current full-year earnings is $0.78 per share.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. Healthcare Services Group had a return on equity of 12.58% and a net margin of 1.82%. The business had revenue of $428.10 million for the quarter, compared to analyst estimates of $429.95 million. During the same quarter in the prior year, the firm posted $0.17 earnings per share. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year.

Other equities analysts have also issued research reports about the company. Robert W. Baird cut their target price on Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday. Royal Bank of Canada cut their target price on Healthcare Services Group from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Finally, Benchmark reissued a “buy” rating and issued a $17.00 target price on shares of Healthcare Services Group in a research note on Thursday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $14.00.

Healthcare Services Group Trading Up 1.1 %

NASDAQ:HCSG opened at $10.70 on Friday. Healthcare Services Group has a 1-year low of $8.75 and a 1-year high of $13.00. The business’s 50-day moving average price is $10.72 and its two-hundred day moving average price is $10.89. The firm has a market capitalization of $788.01 million, a price-to-earnings ratio of 18.77 and a beta of 0.52.

Institutional Investors Weigh In On Healthcare Services Group

Large investors have recently modified their holdings of the business. Hillsdale Investment Management Inc. bought a new stake in shares of Healthcare Services Group in the first quarter worth about $3,765,000. Vanguard Group Inc. increased its holdings in shares of Healthcare Services Group by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 8,629,517 shares of the business services provider’s stock worth $89,488,000 after acquiring an additional 167,779 shares in the last quarter. Azarias Capital Management L.P. grew its holdings in shares of Healthcare Services Group by 50.7% during the second quarter. Azarias Capital Management L.P. now owns 1,226,773 shares of the business services provider’s stock worth $12,979,000 after buying an additional 412,704 shares in the last quarter. Brandes Investment Partners LP grew its holdings in shares of Healthcare Services Group by 12.2% during the second quarter. Brandes Investment Partners LP now owns 1,318,045 shares of the business services provider’s stock worth $13,983,000 after buying an additional 142,997 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Healthcare Services Group by 9.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,057,202 shares of the business services provider’s stock worth $21,766,000 after buying an additional 181,231 shares in the last quarter. 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.