Equities analysts expect Healthcare Services Group, Inc. (NASDAQ:HCSG – Get Rating) to post $425.07 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Healthcare Services Group’s earnings. The lowest sales estimate is $423.80 million and the highest is $426.90 million. Healthcare Services Group reported sales of $407.75 million in the same quarter last year, which indicates a positive year-over-year growth rate of 4.2%. The company is expected to announce its next quarterly earnings report before the market opens on Monday, January 1st.
On average, analysts expect that Healthcare Services Group will report full-year sales of $1.73 billion for the current financial year, with estimates ranging from $1.73 billion to $1.74 billion. For the next year, analysts forecast that the company will post sales of $1.80 billion, with estimates ranging from $1.79 billion to $1.82 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Healthcare Services Group.
Healthcare Services Group (NASDAQ:HCSG – Get Rating) last released its quarterly earnings results on Wednesday, February 9th. The business services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.10). The business had revenue of $420.45 million during the quarter, compared to analyst estimates of $419.01 million. Healthcare Services Group had a net margin of 2.79% and a return on equity of 9.58%.
Shares of HCSG stock traded down $0.17 during mid-day trading on Wednesday, reaching $17.10. The company’s stock had a trading volume of 1,132,264 shares, compared to its average volume of 1,121,943. The firm’s 50 day moving average is $17.07. Healthcare Services Group has a 12-month low of $14.75 and a 12-month high of $32.96. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 27.65 and a beta of 0.35.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 25th. Shareholders of record on Friday, February 25th were given a $0.2113 dividend. This represents a $0.85 annualized dividend and a yield of 4.94%. The ex-dividend date was Thursday, February 24th. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.21. Healthcare Services Group’s dividend payout ratio (DPR) is presently 137.10%.
Several hedge funds and other institutional investors have recently modified their holdings of HCSG. Millennium Management LLC bought a new position in Healthcare Services Group in the second quarter valued at approximately $764,000. Parametric Portfolio Associates LLC lifted its position in Healthcare Services Group by 1.7% during the second quarter. Parametric Portfolio Associates LLC now owns 60,953 shares of the business services provider’s stock worth $1,924,000 after purchasing an additional 1,000 shares during the period. Bank of America Corp DE lifted its position in Healthcare Services Group by 4.5% during the second quarter. Bank of America Corp DE now owns 1,495,519 shares of the business services provider’s stock worth $47,213,000 after purchasing an additional 64,440 shares during the period. Oregon Public Employees Retirement Fund lifted its position in Healthcare Services Group by 117.0% during the third quarter. Oregon Public Employees Retirement Fund now owns 55,048 shares of the business services provider’s stock worth $1,376,000 after purchasing an additional 29,681 shares during the period. Finally, Park Avenue Securities LLC raised its stake in Healthcare Services Group by 9.1% during the third quarter. Park Avenue Securities LLC now owns 18,202 shares of the business services provider’s stock worth $455,000 after acquiring an additional 1,524 shares in the last quarter.
About Healthcare Services Group (Get Rating)
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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