Brokerages expect Healthcare Services Group, Inc. (NASDAQ:HCSG) to post earnings per share of $0.31 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Healthcare Services Group’s earnings. The highest EPS estimate is $0.32 and the lowest is $0.31. Healthcare Services Group posted earnings per share of $0.27 during the same quarter last year, which suggests a positive year-over-year growth rate of 14.8%. The company is expected to announce its next earnings results on Tuesday, October 10th.

According to Zacks, analysts expect that Healthcare Services Group will report full-year earnings of $1.25 per share for the current fiscal year, with EPS estimates ranging from $1.24 to $1.27. For the next year, analysts anticipate that the firm will post earnings of $1.45 per share, with EPS estimates ranging from $1.36 to $1.52. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Healthcare Services Group.

Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings results on Tuesday, July 11th. The business services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. Healthcare Services Group had a net margin of 5.07% and a return on equity of 24.12%. The company had revenue of $470.90 million during the quarter, compared to analysts’ expectations of $425.24 million. During the same quarter in the previous year, the business posted $0.26 EPS. The firm’s revenue was up 21.8% on a year-over-year basis.

A number of research firms have recently issued reports on HCSG. BidaskClub lowered shares of Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Friday, July 14th. Credit Suisse Group reiterated an “outperform” rating and set a $56.00 price objective (up previously from $50.00) on shares of Healthcare Services Group in a research note on Thursday, July 13th. Stifel Nicolaus reiterated a “buy” rating and set a $50.00 price objective (up previously from $48.00) on shares of Healthcare Services Group in a research note on Wednesday, July 12th. Finally, Robert W. Baird lifted their price objective on shares of Healthcare Services Group from $47.00 to $52.00 and gave the company an “outperform” rating in a research note on Wednesday, July 12th. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $53.00.

Healthcare Services Group (NASDAQ:HCSG) traded up 2.29% on Monday, reaching $51.86. 292,271 shares of the company’s stock traded hands. Healthcare Services Group has a 52 week low of $34.83 and a 52 week high of $54.28. The firm has a market capitalization of $3.80 billion, a P/E ratio of 45.49 and a beta of 0.61. The stock has a 50-day moving average of $50.57 and a 200 day moving average of $45.81.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, August 18th will be paid a dividend of $0.1888 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.46%. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s dividend payout ratio (DPR) is currently 65.22%.

In other news, Director Robert L. Frome sold 7,485 shares of Healthcare Services Group stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $47.00, for a total transaction of $351,795.00. Following the sale, the director now owns 37,986 shares in the company, valued at $1,785,342. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael E. Mcbryan sold 22,500 shares of Healthcare Services Group stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $51.82, for a total transaction of $1,165,950.00. Following the sale, the insider now owns 32,542 shares in the company, valued at approximately $1,686,326.44. The disclosure for this sale can be found here. Insiders have sold 49,235 shares of company stock worth $2,494,065 in the last quarter. Insiders own 4.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Healthcare Services Group by 9.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,700 shares of the business services provider’s stock worth $126,000 after buying an additional 242 shares during the last quarter. LS Investment Advisors LLC increased its stake in Healthcare Services Group by 4.0% in the second quarter. LS Investment Advisors LLC now owns 2,834 shares of the business services provider’s stock worth $133,000 after buying an additional 108 shares during the last quarter. Bruderman Asset Management LLC bought a new stake in Healthcare Services Group during the second quarter worth $170,000. Riverhead Capital Management LLC increased its stake in Healthcare Services Group by 69.1% in the second quarter. Riverhead Capital Management LLC now owns 4,059 shares of the business services provider’s stock worth $190,000 after buying an additional 1,659 shares during the last quarter. Finally, HighTower Advisors LLC bought a new stake in Healthcare Services Group during the first quarter worth $202,000. 92.67% of the stock is owned by institutional investors and hedge funds.

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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 of the healthcare industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States.

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

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