Healthcare Services Group Inc. (NASDAQ:HCSG) – Stock analysts at Jefferies Group dropped their FY2017 EPS estimates for Healthcare Services Group in a research note issued on Tuesday. Jefferies Group analyst S. Dodge now forecasts that the firm will post earnings of $1.16 per share for the year, down from their prior estimate of $1.22. Jefferies Group currently has a “Hold” rating and a $41.00 price objective on the stock.

A number of other research firms have also recently issued reports on HCSG. William Blair cut Healthcare Services Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 7th. Zacks Investment Research cut Healthcare Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th. Finally, Robert W. Baird started coverage on Healthcare Services Group in a report on Friday, September 16th. They set an “outperform” rating and a $46.00 target price for the company. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Healthcare Services Group has a consensus rating of “Hold” and an average target price of $42.33.

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

Healthcare Services Group (NASDAQ:HCSG) traded up 1.96% during trading on Thursday, hitting $38.06. The company had a trading volume of 1,205,094 shares. Healthcare Services Group has a one year low of $31.50 and a one year high of $42.18. The stock has a 50-day moving average of $39.08 and a 200-day moving average of $38.75. The stock has a market capitalization of $2.76 billion, a PE ratio of 43.70 and a beta of 0.64.

Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings data on Tuesday, October 11th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.00. Healthcare Services Group had a return on equity of 21.32% and a net margin of 4.33%. The business earned $392.70 million during the quarter. During the same period in the prior year, the firm posted $0.24 EPS. Healthcare Services Group’s revenue for the quarter was up 9.0% on a year-over-year basis.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 23rd. Stockholders of record on Friday, November 18th will be issued a $0.185 dividend. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $0.74 annualized dividend and a dividend yield of 1.94%. Healthcare Services Group’s dividend payout ratio (DPR) is presently 80.44%.

In other news, Director Robert L. Frome sold 3,365 shares of the firm’s stock in a transaction dated Tuesday, July 19th. The stock was sold at an average price of $38.10, for a total value of $128,206.50. Following the completion of the transaction, the director now owns 33,866 shares in the company, valued at approximately $1,290,294.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.80% of the stock is owned by insiders.

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Healthcare Services Group by 2.5% in the second quarter. Vanguard Group Inc. now owns 6,061,852 shares of the company’s stock valued at $250,840,000 after buying an additional 146,501 shares during the period. BlackRock Fund Advisors increased its stake in shares of Healthcare Services Group by 1.8% in the second quarter. BlackRock Fund Advisors now owns 4,800,841 shares of the company’s stock valued at $198,659,000 after buying an additional 85,537 shares during the period. Janus Capital Management LLC increased its stake in shares of Healthcare Services Group by 1.6% in the second quarter. Janus Capital Management LLC now owns 1,674,565 shares of the company’s stock valued at $69,293,000 after buying an additional 26,483 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Healthcare Services Group by 7.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,395,375 shares of the company’s stock valued at $51,364,000 after buying an additional 92,382 shares during the period. Finally, State Street Corp increased its stake in shares of Healthcare Services Group by 3.0% in the first quarter. State Street Corp now owns 1,386,588 shares of the company’s stock valued at $51,035,000 after buying an additional 39,785 shares during the period. Institutional investors and hedge funds own 94.89% of the company’s stock.

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. The Company caters to nursing homes, retirement complexes, rehabilitation centers and hospitals located in the United States.

5 Day Chart for NASDAQ:HCSG

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