Analysts predict that Healthcare Services Group, Inc. (NASDAQ:HCSG) will post $0.37 earnings per share for the current quarter, according to Zacks. Four analysts have provided estimates for Healthcare Services Group’s earnings, with the lowest EPS estimate coming in at $0.36 and the highest estimate coming in at $0.37. Healthcare Services Group posted earnings per share of $0.31 during the same quarter last year, which indicates a positive year-over-year growth rate of 19.4%. The firm is expected to announce its next earnings results on Tuesday, October 16th.

According to Zacks, analysts expect that Healthcare Services Group will report full year earnings of $1.48 per share for the current financial year, with EPS estimates ranging from $1.47 to $1.50. For the next fiscal year, analysts expect that the firm will report earnings of $1.72 per share, with EPS estimates ranging from $1.67 to $1.77. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Healthcare Services Group.

Healthcare Services Group (NASDAQ:HCSG) last posted its earnings results on Tuesday, July 17th. The business services provider reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.03). Healthcare Services Group had a return on equity of 17.46% and a net margin of 3.48%. The company had revenue of $503.70 million during the quarter, compared to analyst estimates of $508.78 million. During the same quarter last year, the firm posted $0.30 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year.

HCSG has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Wednesday. BidaskClub upgraded Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Saturday, September 15th. ValuEngine upgraded Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. Benchmark reiterated a “buy” rating on shares of Healthcare Services Group in a report on Wednesday, July 18th. Finally, Stifel Nicolaus lowered Healthcare Services Group from a “hold” rating to a “sell” rating and cut their price target for the stock from $44.00 to $35.00 in a report on Wednesday, July 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $47.00.

HCSG traded down $0.22 on Friday, hitting $43.63. The company had a trading volume of 1,612,269 shares, compared to its average volume of 543,068. Healthcare Services Group has a 1-year low of $35.04 and a 1-year high of $56.20. The firm has a market cap of $3.22 billion, a P/E ratio of 36.66 and a beta of 0.83.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, August 24th will be issued a dividend of $0.1938 per share. The ex-dividend date is Thursday, August 23rd. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.78%. Healthcare Services Group’s payout ratio is 64.71%.

In other news, Director Dino D. Ottaviano sold 1,150 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $41.05, for a total transaction of $47,207.50. Following the completion of the transaction, the director now directly owns 1,694 shares in the company, valued at $69,538.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert J. Moss sold 3,001 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $41.64, for a total value of $124,961.64. Following the transaction, the director now owns 3,001 shares of the company’s stock, valued at $124,961.64. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Trust N.A. acquired a new position in shares of Healthcare Services Group in the second quarter valued at $203,000. Brookstone Capital Management acquired a new position in shares of Healthcare Services Group in the second quarter valued at $203,000. Allianz Asset Management GmbH acquired a new position in shares of Healthcare Services Group in the first quarter valued at $212,000. Signature Financial Management Inc. acquired a new position in shares of Healthcare Services Group in the second quarter valued at $216,000. Finally, Eqis Capital Management Inc. acquired a new position in shares of Healthcare Services Group in the second quarter valued at $222,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

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

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