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

Healthcare Services Group (NASDAQ:HCSGGet Free Report) is set to release its earnings data before the market opens on Wednesday, October 23rd. Analysts expect Healthcare Services Group to post earnings of $0.16 per share for the quarter. Healthcare Services Group has set its Q4 2024 guidance at EPS and its Q3 2024 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Healthcare Services Group (NASDAQ:HCSGGet Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. Healthcare Services Group had a net margin of 1.82% and a return on equity of 12.58%. The firm had revenue of $426.30 million for the quarter, compared to the consensus estimate of $424.94 million. During the same quarter in the previous year, the firm earned $0.12 EPS. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. 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 Trading Up 2.8 %

Shares of NASDAQ HCSG opened at $10.74 on Wednesday. The company has a 50 day simple moving average of $10.71 and a two-hundred day simple moving average of $10.97. Healthcare Services Group has a 12 month low of $8.75 and a 12 month high of $13.00. The stock has a market cap of $790.96 million, a price-to-earnings ratio of 18.84 and a beta of 0.52.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada dropped their price objective on shares of Healthcare Services Group from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Benchmark reaffirmed a “buy” rating and set a $17.00 price target on shares of Healthcare Services Group in a report on Thursday, July 25th. Finally, Robert W. Baird raised their target price on Healthcare Services Group from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $14.50.

View Our Latest Analysis on Healthcare Services Group

About Healthcare Services Group

(Get Free Report)

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.

Further Reading

Earnings History for Healthcare Services Group (NASDAQ:HCSG)

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