Healthcare Services Group (HCSG) Earns Daily News Impact Rating of 0.19

News coverage about Healthcare Services Group (NASDAQ:HCSG) has trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Healthcare Services Group earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 46.0330360621198 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the news articles that may have impacted Accern Sentiment’s scoring:

Several research firms have recently commented on HCSG. Robert W. Baird reaffirmed a “buy” rating and set a $52.00 price target on shares of Healthcare Services Group in a research report on Wednesday, October 4th. Jefferies Group reaffirmed a “hold” rating and set a $49.00 price target on shares of Healthcare Services Group in a research report on Friday, September 29th. Credit Suisse Group reissued an “outperform” rating and issued a $62.00 target price (up previously from $56.00) on shares of Healthcare Services Group in a research report on Friday, November 3rd. Zacks Investment Research lowered Healthcare Services Group from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Healthcare Services Group in a research report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Healthcare Services Group presently has a consensus rating of “Hold” and a consensus target price of $54.80.

Shares of Healthcare Services Group (NASDAQ:HCSG) traded up $0.44 during midday trading on Thursday, reaching $50.99. The company’s stock had a trading volume of 603,654 shares, compared to its average volume of 348,960. The stock has a market capitalization of $3,740.00, a price-to-earnings ratio of 43.03, a price-to-earnings-growth ratio of 3.75 and a beta of 0.62. Healthcare Services Group has a 52 week low of $37.54 and a 52 week high of $55.68.

Healthcare Services Group (NASDAQ:HCSG) last announced its earnings results on Tuesday, October 17th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.31. The company had revenue of $491.40 million for the quarter, compared to analyst estimates of $485.53 million. Healthcare Services Group had a return on equity of 24.17% and a net margin of 5.00%. The firm’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.27 earnings per share. equities research analysts predict that Healthcare Services Group will post 1.24 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, November 17th will be given a $0.19 dividend. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, November 16th. This represents a $0.76 dividend on an annualized basis and a yield of 1.49%. Healthcare Services Group’s payout ratio is presently 63.87%.

In other Healthcare Services Group news, insider Michael E. Mcbryan sold 22,500 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $53.03, for a total value of $1,193,175.00. Following the sale, the insider now owns 14,413 shares of the company’s stock, valued at $764,321.39. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael E. Mcbryan sold 800 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $53.00, for a total value of $42,400.00. Following the sale, the executive vice president now directly owns 14,413 shares in the company, valued at approximately $763,889. The disclosure for this sale can be found here. 4.30% of the stock is owned by insiders.

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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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