Healthcare Services Group, Inc. (NASDAQ:HCSG) – Equities researchers at Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for Healthcare Services Group in a research note issued to investors on Wednesday, according to Zacks Investment Research. Jefferies Group analyst S. Dodge anticipates that the business services provider will post earnings of $0.37 per share for the quarter. Jefferies Group has a “Hold” rating and a $52.00 price objective on the stock. Jefferies Group also issued estimates for Healthcare Services Group’s Q2 2018 earnings at $0.38 EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.41 EPS, FY2018 earnings at $1.56 EPS and FY2019 earnings at $1.76 EPS.
Several other research firms also recently weighed in on HCSG. BidaskClub upgraded Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Friday, January 26th. Credit Suisse Group reiterated an “outperform” rating and set a $62.00 price target (up previously from $56.00) on shares of Healthcare Services Group in a research note on Friday, November 3rd. Zacks Investment Research downgraded Healthcare Services Group from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Stifel Nicolaus reiterated a “buy” rating on shares of Healthcare Services Group in a research note on Thursday, October 19th. Finally, Robert W. Baird cut Healthcare Services Group from an “outperform” rating to a “neutral” rating and set a $52.00 price objective on the stock. in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $55.20.
Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings results on Tuesday, February 6th. The business services provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.04). 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 return on equity of 23.17% and a net margin of 4.73%. The firm’s revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.
A number of institutional investors and hedge funds have recently modified their holdings of HCSG. Wasatch Advisors Inc. lifted its holdings in Healthcare Services Group by 143.9% during the 4th quarter. Wasatch Advisors Inc. now owns 3,044,131 shares of the business services provider’s stock worth $160,487,000 after purchasing an additional 1,795,855 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Healthcare Services Group by 173.5% during the 2nd quarter. Janus Henderson Group PLC now owns 2,085,372 shares of the business services provider’s stock worth $97,658,000 after purchasing an additional 1,322,948 shares in the last quarter. Atlantic Trust Group LLC purchased a new stake in Healthcare Services Group during the 3rd quarter worth about $39,425,000. Teachers Advisors LLC lifted its holdings in Healthcare Services Group by 159.3% during the 4th quarter. Teachers Advisors LLC now owns 332,030 shares of the business services provider’s stock worth $17,505,000 after purchasing an additional 204,004 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in Healthcare Services Group by 2.1% during the 4th quarter. BlackRock Inc. now owns 9,143,357 shares of the business services provider’s stock worth $482,037,000 after purchasing an additional 191,837 shares in the last quarter. 92.93% of the stock is currently owned by institutional investors and hedge funds.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, February 16th will be issued a dividend of $0.1913 per share. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, February 15th. This represents a $0.77 dividend on an annualized basis and a yield of 1.57%. Healthcare Services Group’s dividend payout ratio is 64.41%.
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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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