Healthcare Services Group, Inc. (HCSG) Receives Average Rating of “Hold” from Brokerages
Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) have been given an average recommendation of “Hold” by the eleven research firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $47.60.
A number of equities analysts have recently commented on HCSG shares. Stifel Nicolaus reiterated a “sell” rating on shares of Healthcare Services Group in a research note on Saturday, February 2nd. ValuEngine lowered Healthcare Services Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Zacks Investment Research upgraded Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Benchmark set a $50.00 price objective on Healthcare Services Group and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Finally, BidaskClub lowered Healthcare Services Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 9th.
A number of institutional investors and hedge funds have recently modified their holdings of HCSG. Group One Trading L.P. increased its stake in Healthcare Services Group by 1,942.1% during the fourth quarter. Group One Trading L.P. now owns 700 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 738 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Healthcare Services Group by 3,976.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,186,395 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 1,157,289 shares during the period. Csenge Advisory Group bought a new position in Healthcare Services Group during the third quarter valued at about $37,000. Whittier Trust Co. increased its stake in Healthcare Services Group by 2,149.1% during the fourth quarter. Whittier Trust Co. now owns 1,282 shares of the business services provider’s stock valued at $52,000 after acquiring an additional 1,225 shares during the period. Finally, Bronfman E.L. Rothschild L.P. increased its stake in Healthcare Services Group by 43.6% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,512 shares of the business services provider’s stock valued at $61,000 after acquiring an additional 459 shares during the period.
Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings data on Tuesday, February 5th. The business services provider reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. The business had revenue of $496.41 million for the quarter, compared to analyst estimates of $507.45 million. Healthcare Services Group had a return on equity of 20.09% and a net margin of 4.16%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share. Sell-side analysts expect that Healthcare Services Group will post 1.5 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, February 15th will be paid a $0.1963 dividend. The ex-dividend date is Thursday, February 14th. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.20. This represents a $0.79 dividend on an annualized basis and a dividend yield of 2.54%. Healthcare Services Group’s payout ratio is presently 70.54%.
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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