Healthcare Services Group (HCSG) to Release Quarterly Earnings on Wednesday

Healthcare Services Group (NASDAQ:HCSG) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.20 per share and revenue of $433.96 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Healthcare Services Group Price Performance

Shares of NASDAQ:HCSG opened at $11.04 on Wednesday. The business’s 50 day simple moving average is $11.80 and its 200-day simple moving average is $11.26. The firm has a market capitalization of $809.12 million, a price-to-earnings ratio of 16.00 and a beta of 0.56. Healthcare Services Group has a 12 month low of $8.98 and a 12 month high of $13.00.

Wall Street Analysts Forecast Growth

HCSG has been the topic of several research analyst reports. Macquarie initiated coverage on Healthcare Services Group in a research note on Monday, December 16th. They set a “neutral” rating and a $13.00 price target on the stock. Robert W. Baird cut their price objective on Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, October 24th. StockNews.com upgraded Healthcare Services Group from a “hold” rating to a “buy” rating in a research report on Friday, January 31st. Finally, Benchmark restated a “buy” rating and set a $17.00 price objective on shares of Healthcare Services Group in a research report on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.80.

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.