News coverage about Healthcare Services Group (NASDAQ:HCSG) has trended somewhat positive on Saturday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Healthcare Services Group earned a news impact score of 0.21 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 45.8120743239739 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- INC Research Holdings, Inc. (INCR) noted a price change of 0.54% and Healthcare Services Group, Inc. (HCSG … – Stocks Gallery (stocksgallery.com)
- Investor Watch: Checking on Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) – Jonesboro Recorder (jonesbororecorder.com)
- John Christopher Shea Sells 4,750 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) Stock (americanbankingnews.com)
- Healthcare Services Group, Inc. (HCSG) Insider Sells $1,165,950.00 in Stock (americanbankingnews.com)
Healthcare Services Group (NASDAQ HCSG) opened at 50.70 on Friday. The company has a market cap of $3.71 billion, a P/E ratio of 44.47 and a beta of 0.61. Healthcare Services Group has a 52 week low of $34.83 and a 52 week high of $54.28. The company has a 50-day moving average of $50.45 and a 200 day moving average of $45.65.
Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings data on Tuesday, July 11th. The business services provider reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. The firm had revenue of $470.90 million during the quarter, compared to analyst estimates of $425.24 million. Healthcare Services Group had a net margin of 5.07% and a return on equity of 24.12%. The business’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 EPS. On average, equities analysts forecast that Healthcare Services Group will post $1.25 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, August 18th will be issued a $0.1888 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.49%. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, August 16th. Healthcare Services Group’s payout ratio is presently 65.22%.
A number of brokerages have recently weighed in on HCSG. Zacks Investment Research raised shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Friday, July 14th. Credit Suisse Group reissued an “outperform” rating and issued a $56.00 price objective (up previously from $50.00) on shares of Healthcare Services Group in a research note on Thursday, July 13th. Jefferies Group LLC reissued a “hold” rating and issued a $49.00 price objective on shares of Healthcare Services Group in a research note on Friday, July 7th. Stifel Nicolaus increased their price objective on shares of Healthcare Services Group from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, May 1st. Finally, BidaskClub downgraded shares of Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Healthcare Services Group presently has an average rating of “Buy” and a consensus price target of $53.00.
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In other news, Director Robert J. Moss sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $52.76, for a total value of $105,520.00. Following the completion of the sale, the director now directly owns 2,000 shares in the company, valued at approximately $105,520. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael E. Mcbryan sold 22,500 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $51.82, for a total transaction of $1,165,950.00. Following the completion of the sale, the insider now owns 32,542 shares of the company’s stock, valued at $1,686,326.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,235 shares of company stock valued at $2,494,065. Company insiders own 4.30% of the company’s stock.
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 the healthcare industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States.
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