Healthcare Services Group (HCSG) Announces Quarterly Earnings Results

Healthcare Services Group (NASDAQ:HCSG) announced its quarterly earnings data on Tuesday, February 6th. The business services provider reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.04), Bloomberg Earnings reports. The firm had revenue of $499.41 million for the quarter, compared to the consensus estimate of $499.37 million. Healthcare Services Group had a net margin of 4.73% and a return on equity of 23.17%. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.28 earnings per share.

Shares of Healthcare Services Group (HCSG) opened at $48.74 on Thursday. Healthcare Services Group has a twelve month low of $40.83 and a twelve month high of $56.20. The company has a market cap of $3,459.22, a PE ratio of 41.31, a PEG ratio of 2.57 and a beta of 0.62.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, February 16th will be issued a $0.1913 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $0.77 annualized dividend and a dividend yield of 1.57%. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s payout ratio is currently 64.41%.

A number of brokerages have issued reports on HCSG. Robert W. Baird downgraded shares of Healthcare Services Group from an “outperform” rating to a “neutral” rating and set a $52.00 price target on the stock. in a report on Wednesday, February 7th. BidaskClub cut shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. Zacks Investment Research raised shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Tuesday, February 6th. Jefferies Group set a $52.00 price target on shares of Healthcare Services Group and gave the stock a “hold” rating in a research note on Thursday, October 19th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $62.00 price target (up from $56.00) on shares of Healthcare Services Group in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Healthcare Services Group currently has an average rating of “Hold” and a consensus target price of $55.20.

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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 the healthcare industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States.

Earnings History for Healthcare Services Group (NASDAQ:HCSG)

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