Healthcare Services Group, Inc. Expected to Post Q2 2019 Earnings of $0.39 Per Share (HCSG)

Share on StockTwits

Healthcare Services Group, Inc. (NASDAQ:HCSG) – Equities researchers at William Blair lifted their Q2 2019 earnings per share estimates for shares of Healthcare Services Group in a note issued to investors on Tuesday, April 30th. William Blair analyst R. Daniels now anticipates that the business services provider will earn $0.39 per share for the quarter, up from their prior forecast of $0.38. William Blair also issued estimates for Healthcare Services Group’s Q3 2019 earnings at $0.40 EPS, Q4 2019 earnings at $0.40 EPS, FY2019 earnings at $1.22 EPS, Q2 2020 earnings at $0.47 EPS, Q4 2020 earnings at $0.48 EPS and FY2020 earnings at $1.87 EPS.

A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th. BidaskClub downgraded Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 31st. Stifel Nicolaus reiterated a “sell” rating on shares of Healthcare Services Group in a research note on Saturday, February 2nd. ValuEngine downgraded Healthcare Services Group from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Finally, Benchmark set a $50.00 price objective on Healthcare Services Group and gave the company a “buy” rating in a research note on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $41.33.

HCSG opened at $33.29 on Friday. Healthcare Services Group has a fifty-two week low of $28.24 and a fifty-two week high of $48.73. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 29.72, a price-to-earnings-growth ratio of 2.05 and a beta of 0.83.

Healthcare Services Group (NASDAQ:HCSG) last posted its earnings results on Tuesday, April 30th. The business services provider reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.24). Healthcare Services Group had a return on equity of 21.90% and a net margin of 4.67%. The business had revenue of $476.11 million for the quarter, compared to the consensus estimate of $489.64 million. Healthcare Services Group’s revenue for the quarter was down 4.9% on a year-over-year basis.

A number of hedge funds have recently bought and sold shares of the business. Texas Permanent School Fund boosted its stake in Healthcare Services Group by 3.8% in the 1st quarter. Texas Permanent School Fund now owns 50,108 shares of the business services provider’s stock worth $1,653,000 after purchasing an additional 1,815 shares during the period. Harfst & Associates Inc. raised its stake in shares of Healthcare Services Group by 32.5% during the 1st quarter. Harfst & Associates Inc. now owns 10,131 shares of the business services provider’s stock worth $334,000 after buying an additional 2,487 shares in the last quarter. Eagle Asset Management Inc. raised its stake in shares of Healthcare Services Group by 24.7% during the 1st quarter. Eagle Asset Management Inc. now owns 219,304 shares of the business services provider’s stock worth $7,234,000 after buying an additional 43,376 shares in the last quarter. Menta Capital LLC purchased a new position in shares of Healthcare Services Group during the 1st quarter worth approximately $1,146,000. Finally, Janney Montgomery Scott LLC raised its stake in shares of Healthcare Services Group by 6.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 10,869 shares of the business services provider’s stock worth $359,000 after buying an additional 639 shares in the last quarter.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 24th will be paid a dividend of $0.1975 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.20. This represents a $0.79 dividend on an annualized basis and a dividend yield of 2.37%. Healthcare Services Group’s payout ratio is 70.54%.

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.

Further Reading: How analysts view the yield curve

Earnings History and Estimates for Healthcare Services Group (NASDAQ:HCSG)

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.