Wall Street analysts expect Healthcare Services Group, Inc. (NASDAQ:HCSG) to post $493.20 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Healthcare Services Group’s earnings, with the highest sales estimate coming in at $511.90 million and the lowest estimate coming in at $483.64 million. Healthcare Services Group reported sales of $501.81 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.7%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, April 16th.

On average, analysts expect that Healthcare Services Group will report full year sales of $2.03 billion for the current year, with estimates ranging from $1.98 billion to $2.09 billion. For the next financial year, analysts forecast that the company will post sales of $2.18 billion, with estimates ranging from $2.13 billion to $2.22 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Healthcare Services Group.

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

A number of research analysts have recently commented on HCSG shares. Zacks Investment Research raised Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 29th. ValuEngine raised Healthcare Services Group from a “hold” rating to a “buy” rating in a report on Friday, November 16th. BidaskClub lowered Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 31st. Finally, Jefferies Financial Group set a $52.00 target price on Healthcare Services Group and gave the company a “buy” rating in a research report on Friday, December 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. Healthcare Services Group currently has an average rating of “Hold” and a consensus target price of $45.86.

In related news, Director Robert J. Moss sold 2,000 shares of Healthcare Services Group stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $47.55, for a total value of $95,100.00. Following the completion of the sale, the director now owns 2,000 shares in the company, valued at approximately $95,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dino D. Ottaviano sold 700 shares of Healthcare Services Group stock in a transaction that occurred 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 completion of the sale, the director now owns 1,244 shares of the company’s stock, valued at approximately $58,443.12. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the stock. Eagle Asset Management Inc. increased its stake in shares of Healthcare Services Group by 21.2% during the fourth quarter. Eagle Asset Management Inc. now owns 175,928 shares of the business services provider’s stock worth $7,068,000 after acquiring an additional 30,768 shares during the period. Texas Permanent School Fund increased its stake in shares of Healthcare Services Group by 4.1% during the fourth quarter. Texas Permanent School Fund now owns 48,293 shares of the business services provider’s stock worth $1,940,000 after acquiring an additional 1,896 shares during the period. Stephens Inc. AR increased its stake in shares of Healthcare Services Group by 11.6% during the fourth quarter. Stephens Inc. AR now owns 16,005 shares of the business services provider’s stock worth $643,000 after acquiring an additional 1,663 shares during the period. BlackRock Inc. increased its stake in shares of Healthcare Services Group by 3.0% during the fourth quarter. BlackRock Inc. now owns 8,497,753 shares of the business services provider’s stock worth $341,439,000 after acquiring an additional 248,258 shares during the period. Finally, Markel Corp increased its stake in shares of Healthcare Services Group by 9.8% during the fourth quarter. Markel Corp now owns 146,000 shares of the business services provider’s stock worth $5,866,000 after acquiring an additional 13,000 shares during the period.

Shares of NASDAQ HCSG traded down $0.01 during mid-day trading on Wednesday, reaching $38.74. The company had a trading volume of 1,047,577 shares, compared to its average volume of 661,417. Healthcare Services Group has a one year low of $35.04 and a one year high of $49.78. The stock has a market capitalization of $2.86 billion, a P/E ratio of 34.59, a PEG ratio of 2.29 and a beta of 0.89.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, February 15th will be given 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 positive change from Healthcare Services Group’s previous quarterly dividend of $0.20. Healthcare Services Group’s payout ratio is presently 69.64%.

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 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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