Zacks: Brokerages Anticipate Healthcare Services Group, Inc. (NASDAQ:HCSG) Will Post Earnings of $0.12 Per Share

Equities research analysts predict that Healthcare Services Group, Inc. (NASDAQ:HCSG – Get Rating) will report earnings of $0.12 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Healthcare Services Group’s earnings, with the highest EPS estimate coming in at $0.13 and the lowest estimate coming in at $0.11. Healthcare Services Group posted earnings per share of $0.13 during the same quarter last year, which suggests a negative year-over-year growth rate of 7.7%. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Healthcare Services Group will report full year earnings of $0.59 per share for the current year, with EPS estimates ranging from $0.53 to $0.65. For the next financial year, analysts anticipate that the business will post earnings of $0.81 per share, with EPS estimates ranging from $0.73 to $0.94. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Healthcare Services Group.

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

Several equities research analysts have commented on HCSG shares. Royal Bank of Canada boosted their price objective on Healthcare Services Group from $17.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 21st. Zacks Investment Research upgraded Healthcare Services Group from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Wednesday, May 4th. Jefferies Financial Group lowered shares of Healthcare Services Group from a “hold” rating to an “underperform” rating and dropped their target price for the stock from $19.00 to $13.50 in a report on Thursday, February 10th. Credit Suisse Group raised their price target on shares of Healthcare Services Group from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, April 21st. Finally, StockNews.com initiated coverage on shares of Healthcare Services Group in a research note on Thursday, March 31st. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $18.70.

HCSG opened at $16.95 on Monday. The company has a market cap of $1.25 billion, a PE ratio of 38.52 and a beta of 0.37. Healthcare Services Group has a twelve month low of $14.75 and a twelve month high of $32.96. The company has a 50-day moving average price of $17.58 and a 200 day moving average price of $17.57.

The company 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. The ex-dividend date of this dividend is Thursday, May 19th. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.21. This represents a $0.85 dividend on an annualized basis and a yield of 5.01%. Healthcare Services Group’s payout ratio is 193.19%.

Several institutional investors have recently bought and sold shares of HCSG. BlackRock Inc. raised its position in shares of Healthcare Services Group by 0.5% during the 1st quarter. BlackRock Inc. now owns 11,772,443 shares of the business services provider’s stock valued at $218,614,000 after buying an additional 61,478 shares during the period. Riverbridge Partners LLC increased its stake in Healthcare Services Group by 11.1% during the first quarter. Riverbridge Partners LLC now owns 3,828,509 shares of the business services provider’s stock worth $71,095,000 after acquiring an additional 381,164 shares during the last quarter. Marathon Asset Mgmt Ltd purchased a new stake in Healthcare Services Group in the fourth quarter valued at $58,151,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Healthcare Services Group in the 4th quarter valued at $51,532,000. Finally, State Street Corp grew its holdings in shares of Healthcare Services Group by 4.7% during the 4th quarter. State Street Corp now owns 2,638,182 shares of the business services provider’s stock worth $46,933,000 after purchasing an additional 119,357 shares during the period.

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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