Equities research analysts forecast that Healthcare Services Group, Inc. (NASDAQ:HCSG) will announce sales of $493.20 million for the current quarter, Zacks Investment Research reports. 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 indicate a negative year over year growth rate of 1.7%. The business is scheduled to issue its next quarterly earnings results on Tuesday, April 16th.
On average, analysts expect that Healthcare Services Group will report full-year sales of $2.03 billion for the current fiscal year, with estimates ranging from $1.98 billion to $2.09 billion. For the next financial year, analysts anticipate that the firm will post sales of $2.18 billion, with estimates ranging from $2.13 billion to $2.22 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research 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 analysts’ consensus estimates 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 firm had revenue of $496.41 million for the quarter, compared to analysts’ expectations of $507.45 million. During the same period in the prior year, the firm posted $0.27 earnings per share. The firm’s quarterly revenue was down .6% on a year-over-year basis.
In other news, Director Dino D. Ottaviano sold 700 shares of the company’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of $46.98, for a total transaction of $32,886.00. Following the sale, the director now owns 1,244 shares of the company’s stock, valued at $58,443.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert J. Moss sold 2,000 shares of the stock in a transaction 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 transaction, the director now directly owns 2,000 shares in the company, valued at approximately $95,100. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of HCSG. BlackRock Inc. raised its holdings in 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 purchasing an additional 248,258 shares in the last quarter. Vanguard Group Inc. increased its holdings in Healthcare Services Group by 2.2% in the third quarter. Vanguard Group Inc. now owns 6,969,490 shares of the business services provider’s stock valued at $283,101,000 after buying an additional 151,999 shares in the last quarter. Vanguard Group Inc increased its holdings in Healthcare Services Group by 2.2% in the third quarter. Vanguard Group Inc now owns 6,969,490 shares of the business services provider’s stock valued at $283,101,000 after buying an additional 151,999 shares in the last quarter. William Blair Investment Management LLC increased its holdings in Healthcare Services Group by 8.5% in the third quarter. William Blair Investment Management LLC now owns 4,208,946 shares of the business services provider’s stock valued at $170,967,000 after buying an additional 330,009 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in Healthcare Services Group by 5.0% in the third quarter. Janus Henderson Group PLC now owns 3,917,418 shares of the business services provider’s stock valued at $159,126,000 after buying an additional 185,055 shares in the last quarter.
HCSG traded down $0.01 during trading hours on Wednesday, reaching $38.74. The company’s stock had a trading volume of 1,047,577 shares, compared to its average volume of 661,417. Healthcare Services Group has a fifty-two week low of $35.04 and a fifty-two week high of $49.78. The stock has a market capitalization of $2.86 billion, a PE ratio of 34.59, a P/E/G ratio of 2.29 and a beta of 0.89.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, February 15th will be given a $0.1963 dividend. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $0.79 dividend on an annualized basis and a yield of 2.03%. Healthcare Services Group’s payout ratio is presently 69.64%.
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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