Healthcare Services Group, Inc. (NASDAQ:HCSG) – Research analysts at William Blair cut their Q2 2019 earnings estimates for Healthcare Services Group in a research report issued to clients and investors on Tuesday, February 5th. William Blair analyst R. Daniels now anticipates that the business services provider will post earnings of $0.38 per share for the quarter, down from their prior estimate of $0.43.

Healthcare Services Group (NASDAQ:HCSG) last posted its earnings results on Tuesday, February 5th. The business services provider reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. Healthcare Services Group had a net margin of 4.16% and a return on equity of 20.09%. The business had revenue of $496.41 million during the quarter, compared to the consensus estimate of $507.45 million. During the same quarter in the previous year, the firm posted $0.27 EPS. The firm’s revenue was down .6% on a year-over-year basis.

Other equities research analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a research report on Saturday. Jefferies Financial Group set a $52.00 target price on shares of Healthcare Services Group and gave the stock a “buy” rating in a research report on Friday, December 14th. ValuEngine raised shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Friday, October 12th. Finally, Zacks Investment Research upgraded shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Thursday, November 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $45.86.

NASDAQ:HCSG opened at $38.75 on Friday. Healthcare Services Group has a 12 month low of $35.04 and a 12 month high of $49.78. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 34.60 and a beta of 0.89.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, February 15th will be paid a dividend of $0.1963 per share. This represents a $0.79 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Thursday, February 14th. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.20. Healthcare Services Group’s dividend payout ratio (DPR) is currently 69.64%.

In other news, Director Dino D. Ottaviano sold 700 shares of Healthcare Services Group stock in a transaction on Friday, November 30th. The shares were sold at an average price of $46.98, for a total transaction of $32,886.00. Following the transaction, the director now owns 1,244 shares in the company, valued at approximately $58,443.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert J. Moss sold 2,000 shares of Healthcare Services Group stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $47.55, for a total transaction of $95,100.00. Following the transaction, the director now owns 2,000 shares in the company, valued at approximately $95,100. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wendell David Associates Inc. lifted its stake in shares of Healthcare Services Group by 1.6% during the 4th quarter. Wendell David Associates Inc. now owns 15,850 shares of the business services provider’s stock valued at $637,000 after buying an additional 250 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Healthcare Services Group by 3.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 10,230 shares of the business services provider’s stock valued at $411,000 after buying an additional 380 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Healthcare Services Group by 1.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 29,527 shares of the business services provider’s stock valued at $1,186,000 after buying an additional 421 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Healthcare Services Group by 5.9% during the 4th quarter. LPL Financial LLC now owns 8,996 shares of the business services provider’s stock valued at $361,000 after buying an additional 502 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of Healthcare Services Group by 1.2% during the 4th quarter. Arizona State Retirement System now owns 52,968 shares of the business services provider’s stock valued at $2,128,000 after buying an additional 609 shares in the last quarter.

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 to nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.

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