Wall Street analysts expect Healthcare Services Group, Inc. (NASDAQ:HCSG) to announce earnings per share (EPS) of $0.34 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Healthcare Services Group’s earnings, with the lowest EPS estimate coming in at $0.31 and the highest estimate coming in at $0.36. Healthcare Services Group posted earnings of $0.35 per share during the same quarter last year, which would suggest a negative year over year growth rate of 2.9%. The firm is expected to report its next earnings results on Tuesday, July 23rd.
According to Zacks, analysts expect that Healthcare Services Group will report full year earnings of $1.16 per share for the current fiscal year, with EPS estimates ranging from $1.07 to $1.22. For the next fiscal year, analysts expect that the business will report earnings of $1.60 per share, with EPS estimates ranging from $1.42 to $1.87. Zacks’ earnings per share 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 earnings results on Tuesday, April 30th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). The company had revenue of $476.11 million during the quarter, compared to analyst estimates of $489.64 million. Healthcare Services Group had a net margin of 4.67% and a return on equity of 21.65%. The business’s revenue was down 4.9% on a year-over-year basis.
HCSG traded down $0.73 on Friday, hitting $30.50. 18,561 shares of the company’s stock were exchanged, compared to its average volume of 786,408. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 27.57, a PEG ratio of 2.43 and a beta of 0.76. Healthcare Services Group has a twelve month low of $28.24 and a twelve month high of $48.73. The company’s fifty day simple moving average is $31.36.
The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 24th were given a $0.1975 dividend. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, May 23rd. This represents a $0.79 annualized dividend and a yield of 2.59%. Healthcare Services Group’s dividend payout ratio is 70.54%.
In other Healthcare Services Group news, Director Robert L. Frome sold 7,502 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $32.64, for a total value of $244,865.28. Following the completion of the transaction, the director now owns 18,407 shares in the company, valued at approximately $600,804.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of HCSG. Tompkins Financial Corp purchased a new stake in shares of Healthcare Services Group in the 2nd quarter valued at approximately $30,000. Icon Wealth Partners LLC purchased a new stake in shares of Healthcare Services Group in the 1st quarter valued at approximately $45,000. Bronfman E.L. Rothschild L.P. lifted its position in shares of Healthcare Services Group by 43.6% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,512 shares of the business services provider’s stock valued at $61,000 after acquiring an additional 459 shares in the last quarter. Ropes Wealth Advisors LLC lifted its position in shares of Healthcare Services Group by 419.2% in the 1st quarter. Ropes Wealth Advisors LLC now owns 2,700 shares of the business services provider’s stock valued at $89,000 after acquiring an additional 2,180 shares in the last quarter. Finally, Quantamental Technologies LLC lifted its position in shares of Healthcare Services Group by 402.6% in the 1st quarter. Quantamental Technologies LLC now owns 2,900 shares of the business services provider’s stock valued at $96,000 after acquiring an additional 2,323 shares in the last quarter.
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.
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