Healthcare Services Group (HCSG) Scheduled to Post Earnings on Wednesday

Healthcare Services Group (NASDAQ:HCSG) is set to post its quarterly earnings results before the market opens on Wednesday, April 24th. Analysts expect Healthcare Services Group to post earnings of $0.21 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Healthcare Services Group (NASDAQ:HCSG) last released its earnings results on Wednesday, February 14th. The business services provider reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.04. The company had revenue of $423.80 million during the quarter, compared to the consensus estimate of $424.57 million. Healthcare Services Group had a net margin of 2.30% and a return on equity of 10.81%. The company’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.22 EPS. On average, analysts expect Healthcare Services Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Healthcare Services Group Stock Performance

HCSG opened at $11.60 on Wednesday. The company has a 50-day moving average of $12.01 and a 200-day moving average of $10.67. The company has a market capitalization of $853.53 million, a P/E ratio of 21.89 and a beta of 0.49. Healthcare Services Group has a 1-year low of $8.75 and a 1-year high of $15.97.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HCSG. Point72 Middle East FZE bought a new position in Healthcare Services Group in the 4th quarter worth about $63,000. PNC Financial Services Group Inc. grew its position in Healthcare Services Group by 38.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,186 shares of the business services provider’s stock worth $64,000 after purchasing an additional 1,714 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Healthcare Services Group by 122.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,454 shares of the business services provider’s stock worth $66,000 after purchasing an additional 2,456 shares during the last quarter. State of Wyoming grew its position in Healthcare Services Group by 33.4% in the 4th quarter. State of Wyoming now owns 6,436 shares of the business services provider’s stock worth $77,000 after purchasing an additional 1,611 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in Healthcare Services Group by 64.6% in the 1st quarter. Captrust Financial Advisors now owns 4,582 shares of the business services provider’s stock worth $85,000 after purchasing an additional 1,799 shares during the last quarter. Institutional investors own 97.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HCSG. Benchmark boosted their target price on shares of Healthcare Services Group from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Royal Bank of Canada boosted their price objective on shares of Healthcare Services Group from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. UBS Group boosted their price objective on shares of Healthcare Services Group from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Robert W. Baird boosted their price objective on shares of Healthcare Services Group from $10.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Finally, StockNews.com raised shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $14.50.

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.