Healthcare Services Group (HCSG) Set to Announce Earnings on Tuesday

Healthcare Services Group (NASDAQ:HCSG) will be issuing its quarterly earnings data after the market closes on Tuesday, April 17th. Analysts expect the company to announce earnings of $0.38 per share for the quarter.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings results on Tuesday, February 6th. The business services provider reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.04). Healthcare Services Group had a net margin of 4.73% and a return on equity of 23.17%. The business had revenue of $499.41 million during the quarter, compared to analyst estimates of $499.37 million. During the same quarter last year, the company posted $0.28 earnings per share. The company’s revenue was up 25.3% on a year-over-year basis. On average, analysts expect Healthcare Services Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

HCSG stock opened at $42.19 on Monday. Healthcare Services Group has a 52 week low of $40.89 and a 52 week high of $56.20. The stock has a market capitalization of $3,118.09, a P/E ratio of 35.45, a price-to-earnings-growth ratio of 2.30 and a beta of 0.79.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Friday, February 16th were paid a $0.1913 dividend. The ex-dividend date was Thursday, February 15th. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.77 annualized dividend and a dividend yield of 1.81%. Healthcare Services Group’s dividend payout ratio is 63.87%.

In related news, Director Dino D. Ottaviano sold 1,500 shares of the company’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $45.15, for a total transaction of $67,725.00. Following the completion of the sale, the director now owns 2,044 shares of the company’s stock, valued at $92,286.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert J. Moss sold 2,000 shares of the company’s stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $44.50, for a total transaction of $89,000.00. Following the sale, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $89,000. The disclosure for this sale can be found here. Corporate insiders own 4.30% of the company’s stock.

HCSG has been the topic of several research reports. BidaskClub downgraded shares of Healthcare Services Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 27th. Zacks Investment Research upgraded shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Wednesday, April 11th. Finally, Robert W. Baird downgraded shares of Healthcare Services Group from an “outperform” rating to a “neutral” rating and set a $52.00 price target on the stock. in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $52.80.

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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.

Earnings History for Healthcare Services Group (NASDAQ:HCSG)

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