Healthcare Services Group, Inc. to Post FY2022 Earnings of $0.65 Per Share, Jefferies Financial Group Forecasts (NASDAQ:HCSG)

Healthcare Services Group, Inc. (NASDAQ:HCSGGet Rating) – Stock analysts at Jefferies Financial Group boosted their FY2022 EPS estimates for shares of Healthcare Services Group in a note issued to investors on Wednesday, April 20th. Jefferies Financial Group analyst B. Tanquilut now expects that the business services provider will earn $0.65 per share for the year, up from their prior forecast of $0.47. Jefferies Financial Group currently has a “Underperform” rating and a $13.50 target price on the stock. Jefferies Financial Group also issued estimates for Healthcare Services Group’s FY2023 earnings at $0.76 EPS.

Healthcare Services Group (NASDAQ:HCSGGet Rating) last issued its quarterly earnings data on Wednesday, April 20th. The business services provider reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.09. The business had revenue of $426.80 million for the quarter, compared to analysts’ expectations of $424.78 million. Healthcare Services Group had a net margin of 1.96% and a return on equity of 6.97%. The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $0.33 EPS.

HCSG has been the topic of a number of other research reports. Credit Suisse Group lifted their price target on shares of Healthcare Services Group from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday. Robert W. Baird lifted their price target on shares of Healthcare Services Group from $17.00 to $23.00 in a research note on Thursday. Zacks Investment Research raised shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Thursday. StockNews.com initiated coverage on shares of Healthcare Services Group in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Royal Bank of Canada lifted their price target on shares of Healthcare Services Group from $17.00 to $20.00 and gave the company a “sector perform” rating in a research note on Thursday. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, Healthcare Services Group has an average rating of “Hold” and a consensus price target of $21.70.

Healthcare Services Group stock opened at $19.16 on Monday. The company has a fifty day moving average of $17.31. Healthcare Services Group has a 1 year low of $14.75 and a 1 year high of $32.96. The firm has a market cap of $1.42 billion, a PE ratio of 43.55 and a beta of 0.35.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 24th. Shareholders of record on Friday, May 20th will be paid a dividend of $0.2125 per share. This represents a $0.85 annualized dividend and a yield of 4.44%. The ex-dividend date of this dividend is Thursday, May 19th. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.21. Healthcare Services Group’s payout ratio is 193.19%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC boosted its stake in Healthcare Services Group by 1.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 52,453 shares of the business services provider’s stock worth $1,311,000 after purchasing an additional 711 shares during the last quarter. Shufro Rose & Co. LLC raised its holdings in shares of Healthcare Services Group by 6.8% during the 3rd quarter. Shufro Rose & Co. LLC now owns 15,610 shares of the business services provider’s stock worth $390,000 after acquiring an additional 995 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of Healthcare Services Group by 18.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 7,285 shares of the business services provider’s stock worth $130,000 after acquiring an additional 1,113 shares during the period. Versor Investments LP raised its holdings in shares of Healthcare Services Group by 10.2% during the 3rd quarter. Versor Investments LP now owns 12,250 shares of the business services provider’s stock worth $306,000 after acquiring an additional 1,132 shares during the period. Finally, Point72 Hong Kong Ltd raised its holdings in shares of Healthcare Services Group by 275.0% during the 3rd quarter. Point72 Hong Kong Ltd now owns 1,560 shares of the business services provider’s stock worth $39,000 after acquiring an additional 1,144 shares during the period.

Healthcare Services Group Company Profile (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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