Wall Street analysts predict that Healthcare Services Group, Inc. (NASDAQ:HCSG) will announce earnings per share of $0.25 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Healthcare Services Group’s earnings. The highest EPS estimate is $0.28 and the lowest is $0.24. Healthcare Services Group posted earnings per share of $0.42 in the same quarter last year, which indicates a negative year over year growth rate of 40.5%. The firm is expected to report its next earnings results on Tuesday, February 4th.

On average, analysts expect that Healthcare Services Group will report full year earnings of $0.86 per share for the current financial year, with EPS estimates ranging from $0.85 to $0.89. For the next fiscal year, analysts expect that the firm will post earnings of $1.16 per share, with EPS estimates ranging from $1.09 to $1.21. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Healthcare Services Group.

Healthcare Services Group (NASDAQ:HCSG) last released its earnings results on Tuesday, October 22nd. The business services provider reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.03). Healthcare Services Group had a net margin of 4.09% and a return on equity of 17.28%. The company had revenue of $455.60 million for the quarter, compared to the consensus estimate of $451.31 million. During the same period in the prior year, the firm posted $0.35 EPS. The business’s revenue for the quarter was down 10.1% compared to the same quarter last year.

Several research analysts have commented on the stock. ValuEngine raised shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Credit Suisse Group reissued a “buy” rating and issued a $32.00 target price on shares of Healthcare Services Group in a research note on Thursday, October 24th. Zacks Investment Research lowered shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a report on Friday, October 25th. Benchmark reaffirmed a “buy” rating and set a $34.00 price target (down from $37.00) on shares of Healthcare Services Group in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada started coverage on shares of Healthcare Services Group in a report on Wednesday, November 27th. They set a “sector perform” rating and a $26.00 price target on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $34.57.

HCSG traded down $0.23 during trading on Thursday, reaching $25.21. The company had a trading volume of 6,485 shares, compared to its average volume of 466,207. The stock has a market cap of $1.89 billion, a P/E ratio of 22.46 and a beta of 0.74. The business has a 50 day simple moving average of $24.97 and a 200-day simple moving average of $26.75. Healthcare Services Group has a 52 week low of $21.16 and a 52 week high of $48.73.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 22nd will be paid a $0.20 dividend. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, November 21st. This represents a $0.80 dividend on an annualized basis and a yield of 3.17%. Healthcare Services Group’s dividend payout ratio (DPR) is presently 71.43%.

In other news, Director Robert L. Frome sold 8,500 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $24.06, for a total transaction of $204,510.00. Following the completion of the sale, the director now directly owns 9,907 shares of the company’s stock, valued at $238,362.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. Financial Gravity Wealth Inc. raised its stake in shares of Healthcare Services Group by 1,148.6% during the second quarter. Financial Gravity Wealth Inc. now owns 899 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 827 shares in the last quarter. Huntington National Bank increased its position in shares of Healthcare Services Group by 88.8% in the second quarter. Huntington National Bank now owns 1,210 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 569 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of Healthcare Services Group in the second quarter valued at about $71,000. Quadrant Capital Group LLC raised its stake in shares of Healthcare Services Group by 6,935.3% during the third quarter. Quadrant Capital Group LLC now owns 2,392 shares of the business services provider’s stock valued at $57,000 after acquiring an additional 2,358 shares during the last quarter. Finally, SRS Capital Advisors Inc. bought a new position in shares of Healthcare Services Group during the second quarter valued at about $100,000.

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

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

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