Brokerages Expect Healthcare Services Group, Inc. (NASDAQ:HCSG) Will Post Earnings of $0.25 Per Share

Equities research analysts forecast that Healthcare Services Group, Inc. (NASDAQ:HCSG) will post earnings of $0.25 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Healthcare Services Group’s earnings. The highest EPS estimate is $0.26 and the lowest is $0.24. Healthcare Services Group posted earnings per share of $0.42 in the same quarter last year, which would indicate a negative year-over-year growth rate of 40.5%. The business is scheduled to issue its next earnings results on Tuesday, February 4th.

On average, analysts expect that Healthcare Services Group will report full-year earnings of $0.86 per share for the current financial year, with EPS estimates ranging from $0.85 to $0.87. For the next financial year, analysts anticipate that the firm will report earnings of $1.14 per share, with EPS estimates ranging from $1.09 to $1.21. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Healthcare Services Group.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.03). Healthcare Services Group had a return on equity of 17.28% and a net margin of 4.09%. The business had revenue of $455.60 million for the quarter, compared to analysts’ expectations of $451.31 million. During the same period last year, the business earned $0.35 earnings per share. The company’s revenue for the quarter was down 10.1% on a year-over-year basis.

A number of research analysts have recently weighed in on the stock. Benchmark reissued a “buy” rating and set a $34.00 price objective (down from $37.00) on shares of Healthcare Services Group in a research note on Wednesday, October 23rd. Royal Bank of Canada initiated coverage on shares of Healthcare Services Group in a report on Wednesday, November 27th. They issued a “sector perform” rating and a $26.00 price target on the stock. BidaskClub upgraded shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. ValuEngine upgraded shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research lowered shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a report on Monday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $34.57.

Shares of HCSG opened at $26.50 on Friday. The firm has a 50 day simple moving average of $24.95 and a 200-day simple moving average of $25.12. Healthcare Services Group has a 1-year low of $21.16 and a 1-year high of $44.76. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 23.66 and a beta of 0.73.

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, November 22nd were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date was Thursday, November 21st. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.20. Healthcare Services Group’s dividend payout ratio (DPR) is 71.43%.

Institutional investors and hedge funds have recently made changes to their positions in the business. HighTower Advisors LLC increased its position in Healthcare Services Group by 4.5% during the second quarter. HighTower Advisors LLC now owns 9,960 shares of the business services provider’s stock valued at $304,000 after acquiring an additional 432 shares during the last quarter. NEXT Financial Group Inc boosted its stake in shares of Healthcare Services Group by 15.3% in the third quarter. NEXT Financial Group Inc now owns 3,347 shares of the business services provider’s stock worth $81,000 after acquiring an additional 444 shares during the period. OLD National Bancorp IN boosted its stake in shares of Healthcare Services Group by 3.5% in the third quarter. OLD National Bancorp IN now owns 13,870 shares of the business services provider’s stock worth $337,000 after acquiring an additional 465 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Healthcare Services Group by 0.7% in the third quarter. Public Employees Retirement System of Ohio now owns 86,449 shares of the business services provider’s stock worth $2,100,000 after acquiring an additional 563 shares during the period. Finally, 6 Meridian boosted its stake in shares of Healthcare Services Group by 3.3% in the fourth quarter. 6 Meridian now owns 24,105 shares of the business services provider’s stock worth $586,000 after acquiring an additional 759 shares during the period.

Healthcare Services Group Company Profile

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.

Featured Story: What is the S&P/ASX 200 Index?

Get a free copy of the Zacks research report on Healthcare Services Group (HCSG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Healthcare Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthcare Services Group and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit