Wall Street analysts expect that Healthcare Services Group, Inc. (NASDAQ:HCSG) will post sales of $428.93 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Healthcare Services Group’s earnings, with estimates ranging from $424.36 million to $440.00 million. Healthcare Services Group reported sales of $446.96 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 4%. The business is expected to issue its next earnings results on Tuesday, February 9th.
According to Zacks, analysts expect that Healthcare Services Group will report full year sales of $1.77 billion for the current financial year, with estimates ranging from $1.76 billion to $1.78 billion. For the next financial year, analysts expect that the company will report sales of $1.78 billion, with estimates ranging from $1.75 billion to $1.86 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Healthcare Services Group.
Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings results on Wednesday, October 21st. The business services provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.10. The business had revenue of $435.95 million for the quarter, compared to analyst estimates of $435.96 million. Healthcare Services Group had a return on equity of 19.82% and a net margin of 5.04%. The company’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 earnings per share.
A number of research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 5th. Credit Suisse Group cut their price target on Healthcare Services Group from $31.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, October 22nd. BidaskClub raised Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 7th. Finally, TheStreet raised Healthcare Services Group from a “c+” rating to a “b” rating in a research report on Friday, January 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a strong buy rating to the company. Healthcare Services Group presently has an average rating of “Hold” and a consensus price target of $26.33.
In related news, COO Andrew Kush sold 2,000 shares of the stock in a transaction dated Friday, December 4th. The shares were sold at an average price of $23.54, for a total transaction of $47,080.00. Following the completion of the transaction, the chief operating officer now owns 10,188 shares in the company, valued at $239,825.52. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Michael E. Mcbryan sold 15,000 shares of the firm’s stock in a transaction dated Thursday, November 12th. The stock was sold at an average price of $23.60, for a total transaction of $354,000.00. Following the sale, the executive vice president now owns 39,328 shares of the company’s stock, valued at approximately $928,140.80. The disclosure for this sale can be found here. Insiders have sold 22,301 shares of company stock worth $519,750 over the last quarter. 1.40% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Tompkins Financial Corp lifted its stake in Healthcare Services Group by 77.9% in the third quarter. Tompkins Financial Corp now owns 1,320 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 578 shares during the last quarter. Strs Ohio raised its stake in shares of Healthcare Services Group by 70.0% in the third quarter. Strs Ohio now owns 1,700 shares of the business services provider’s stock valued at $36,000 after buying an additional 700 shares during the period. Canada Pension Plan Investment Board purchased a new position in shares of Healthcare Services Group during the 2nd quarter valued at $73,000. NEXT Financial Group Inc bought a new position in shares of Healthcare Services Group during the 3rd quarter worth $146,000. Finally, Jane Street Group LLC bought a new position in shares of Healthcare Services Group during the 3rd quarter worth $211,000. 96.80% of the stock is currently owned by institutional investors.
NASDAQ HCSG opened at $32.14 on Thursday. The company has a market cap of $2.39 billion, a P/E ratio of 26.78 and a beta of 0.41. The company has a fifty day simple moving average of $26.62 and a 200 day simple moving average of $24.13. Healthcare Services Group has a 12-month low of $15.80 and a 12-month high of $32.47.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 24th. Stockholders of record on Friday, November 20th were issued a $0.205 dividend. The ex-dividend date of this dividend was Thursday, November 19th. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.20. This represents a $0.82 annualized dividend and a dividend yield of 2.55%. Healthcare Services Group’s dividend payout ratio is currently 94.25%.
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 nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. The company operates through two segments, Housekeeping and Dietary.
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