Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Healthcare Services Group (HCSG) Share Price
Media headlines about Healthcare Services Group (NASDAQ:HCSG) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Healthcare Services Group earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned news coverage about the business services provider an impact score of 45.8120743239739 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- INC Research Holdings, Inc. (INCR) noted a price change of 0.54% and Healthcare Services Group, Inc. (HCSG … – Stocks Gallery (stocksgallery.com)
- Investor Watch: Checking on Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) – Jonesboro Recorder (jonesbororecorder.com)
- John Christopher Shea Sells 4,750 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) Stock (americanbankingnews.com)
- Healthcare Services Group, Inc. (HCSG) Insider Sells $1,165,950.00 in Stock (americanbankingnews.com)
A number of brokerages have issued reports on HCSG. Credit Suisse Group began coverage on shares of Healthcare Services Group in a research report on Friday, May 19th. They set an “outperform” rating and a $50.00 price objective on the stock. BidaskClub downgraded shares of Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 3rd. Robert W. Baird upped their target price on shares of Healthcare Services Group from $47.00 to $52.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 12th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Friday, July 14th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $49.00 target price (up from $41.00) on shares of Healthcare Services Group in a research report on Tuesday, June 6th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $53.00.
Shares of Healthcare Services Group (NASDAQ:HCSG) opened at 50.70 on Friday. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 44.47 and a beta of 0.61. Healthcare Services Group has a 12-month low of $34.83 and a 12-month high of $54.28. The company has a 50-day moving average of $50.45 and a 200 day moving average of $45.65.
Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings data on Tuesday, July 11th. The business services provider reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.01. The business had revenue of $470.90 million during the quarter, compared to analysts’ expectations of $425.24 million. Healthcare Services Group had a return on equity of 24.12% and a net margin of 5.07%. The business’s revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 earnings per share. Analysts predict that Healthcare Services Group will post $1.25 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, August 18th will be given a dividend of $0.1888 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.49%. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, August 16th. Healthcare Services Group’s payout ratio is presently 65.22%.
In other news, Director John Briggs sold 2,500 shares of the company’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $47.52, for a total value of $118,800.00. Following the transaction, the director now owns 22,017 shares of the company’s stock, valued at approximately $1,046,247.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert L. Frome sold 7,485 shares of the company’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $47.00, for a total value of $351,795.00. Following the completion of the transaction, the director now directly owns 37,986 shares in the company, valued at approximately $1,785,342. The disclosure for this sale can be found here. Insiders have sold 49,235 shares of company stock valued at $2,494,065 over the last quarter. 4.30% of the stock is owned by company insiders.
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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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