Wall Street analysts predict that Healthcare Services Group, Inc. (NASDAQ:HCSG) will post earnings of $0.37 per share for the current quarter, Zacks reports. Four analysts have provided estimates for Healthcare Services Group’s earnings, with estimates ranging from $0.35 to $0.39. Healthcare Services Group posted earnings of $0.27 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 37%. The business is scheduled to announce its next quarterly earnings results on Tuesday, February 5th.

According to Zacks, analysts expect that Healthcare Services Group will report full year earnings of $1.44 per share for the current fiscal year, with EPS estimates ranging from $1.42 to $1.46. For the next fiscal year, analysts forecast that the firm will post earnings of $1.67 per share, with EPS estimates ranging from $1.51 to $1.76. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Healthcare Services Group.

Healthcare Services Group (NASDAQ:HCSG) last announced its earnings results on Tuesday, October 16th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). Healthcare Services Group had a net margin of 3.59% and a return on equity of 17.80%. The business had revenue of $506.90 million for the quarter, compared to analysts’ expectations of $510.27 million. During the same quarter last year, the business earned $0.31 EPS. The company’s quarterly revenue was up 3.2% on a year-over-year basis.

A number of research analysts have recently issued reports on the company. BidaskClub upgraded Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 24th. ValuEngine upgraded Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Friday, October 12th. Berenberg Bank assumed coverage on Healthcare Services Group in a research report on Thursday, October 4th. They set a “hold” rating and a $40.00 target price on the stock. Zacks Investment Research lowered Healthcare Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Finally, Stephens assumed coverage on Healthcare Services Group in a research report on Tuesday, October 2nd. They set an “overweight” rating on the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Healthcare Services Group presently has an average rating of “Hold” and a consensus target price of $46.00.

In other Healthcare Services Group news, Director Dino D. Ottaviano sold 1,150 shares of the firm’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $41.05, for a total value of $47,207.50. Following the transaction, the director now owns 1,694 shares in the company, valued at approximately $69,538.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert J. Moss sold 3,001 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $41.64, for a total value of $124,961.64. Following the completion of the transaction, the director now owns 3,001 shares in the company, valued at approximately $124,961.64. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the business. First Midwest Bank Trust Division increased its stake in shares of Healthcare Services Group by 12.4% in the 2nd quarter. First Midwest Bank Trust Division now owns 12,141 shares of the business services provider’s stock worth $524,000 after acquiring an additional 1,337 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Healthcare Services Group by 2.8% in the 2nd quarter. Arizona State Retirement System now owns 51,177 shares of the business services provider’s stock worth $2,210,000 after acquiring an additional 1,377 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of Healthcare Services Group by 3.6% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 43,136 shares of the business services provider’s stock worth $1,863,000 after acquiring an additional 1,494 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Healthcare Services Group by 15.1% in the 2nd quarter. Bank of Montreal Can now owns 12,402 shares of the business services provider’s stock worth $536,000 after acquiring an additional 1,630 shares during the last quarter. Finally, Amalgamated Bank increased its stake in shares of Healthcare Services Group by 17.6% in the 2nd quarter. Amalgamated Bank now owns 12,063 shares of the business services provider’s stock worth $521,000 after acquiring an additional 1,801 shares during the last quarter.

Shares of NASDAQ:HCSG opened at $42.83 on Friday. Healthcare Services Group has a 1 year low of $35.04 and a 1 year high of $56.20. The company has a market cap of $3.20 billion, a PE ratio of 35.99 and a beta of 0.71.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, November 23rd will be issued a $0.195 dividend. The ex-dividend date is Wednesday, November 21st. This represents a $0.78 dividend on an annualized basis and a yield of 1.82%. 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 presently 64.71%.

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.

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

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