Healthcare Services Group, Inc. (NASDAQ:HCSG) to Post Q4 2024 Earnings of $0.20 Per Share, William Blair Forecasts

Healthcare Services Group, Inc. (NASDAQ:HCSG) – Equities research analysts at William Blair cut their Q4 2024 earnings per share (EPS) estimates for shares of Healthcare Services Group in a report released on Wednesday, April 24th. William Blair analyst R. Daniels now expects that the business services provider will post earnings of $0.20 per share for the quarter, down from their previous forecast of $0.21. The consensus estimate for Healthcare Services Group’s current full-year earnings is $0.77 per share. William Blair also issued estimates for Healthcare Services Group’s FY2025 earnings at $0.85 EPS.

Several other brokerages also recently issued reports on HCSG. StockNews.com upgraded Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Royal Bank of Canada boosted their target price on shares of Healthcare Services Group from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Benchmark raised their price target on shares of Healthcare Services Group from $16.00 to $17.00 and gave the stock a “buy” rating in a research note 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, UBS Group raised their target price on shares of Healthcare Services Group from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $14.50.

Healthcare Services Group Trading Down 2.0 %

Shares of NASDAQ HCSG opened at $11.00 on Thursday. The company’s 50-day moving average price is $12.23 and its 200 day moving average price is $10.72. Healthcare Services Group has a 52 week low of $8.75 and a 52 week high of $15.97. The stock has a market cap of $810.04 million, a price-to-earnings ratio of 20.75 and a beta of 0.49.

Healthcare Services Group (NASDAQ:HCSG) last posted its earnings results on Wednesday, April 24th. The business services provider reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.04. The company had revenue of $423.40 million for the quarter, compared to analyst estimates of $424.91 million. Healthcare Services Group had a return on equity of 10.81% and a net margin of 2.30%. Healthcare Services Group’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.17 earnings per share.

Institutional Investors Weigh In On Healthcare Services Group

A number of institutional investors have recently bought and sold shares of HCSG. Financial Management Professionals Inc. acquired a new stake in shares of Healthcare Services Group in the first quarter worth $55,000. PNC Financial Services Group Inc. grew its position in shares of Healthcare Services Group by 38.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,186 shares of the business services provider’s stock worth $64,000 after buying an additional 1,714 shares in the last quarter. CWM LLC increased its stake in shares of Healthcare Services Group by 173.4% in the third quarter. CWM LLC now owns 10,209 shares of the business services provider’s stock worth $106,000 after buying an additional 6,475 shares during the last quarter. Corton Capital Inc. acquired a new stake in Healthcare Services Group in the third quarter valued at $129,000. Finally, Victory Capital Management Inc. boosted its stake in Healthcare Services Group by 14.0% during the 4th quarter. Victory Capital Management Inc. now owns 14,586 shares of the business services provider’s stock valued at $151,000 after acquiring an additional 1,795 shares during the last quarter. 97.97% of the stock is currently owned by hedge funds and other 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.