Analysts Expect Healthcare Services Group, Inc. (HCSG) to Announce $0.33 Earnings Per Share
Analysts expect Healthcare Services Group, Inc. (NASDAQ:HCSG) to report earnings of $0.33 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Healthcare Services Group’s earnings, with estimates ranging from $0.32 to $0.35. Healthcare Services Group posted earnings per share of $0.28 during the same quarter last year, which indicates a positive year over year growth rate of 17.9%. The company is expected to announce its next earnings report on Tuesday, February 6th.
On average, analysts expect that Healthcare Services Group will report full year earnings of $1.24 per share for the current year, with EPS estimates ranging from $1.23 to $1.26. For the next financial year, analysts expect that the firm will report earnings of $1.45 per share, with EPS estimates ranging from $1.37 to $1.51. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Healthcare Services Group.
Healthcare Services Group (NASDAQ:HCSG) last announced its earnings results on Tuesday, October 17th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.31. The company had revenue of $491.40 million for the quarter, compared to analyst estimates of $485.53 million. Healthcare Services Group had a return on equity of 24.17% and a net margin of 5.00%. The firm’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.27 earnings per share.
HCSG has been the topic of a number of recent research reports. Stifel Nicolaus restated a “buy” rating on shares of Healthcare Services Group in a research report on Thursday, October 19th. Zacks Investment Research downgraded Healthcare Services Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. BidaskClub upgraded Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Jefferies Group LLC set a $52.00 price target on Healthcare Services Group and gave the stock a “hold” rating in a report on Thursday, October 19th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $62.00 price target (up from $56.00) on shares of Healthcare Services Group in a report on Friday, November 3rd. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $54.80.
Shares of Healthcare Services Group (HCSG) opened at $49.99 on Friday. Healthcare Services Group has a 12-month low of $37.54 and a 12-month high of $55.68. The stock has a market capitalization of $3,660.00, a P/E ratio of 42.24, a price-to-earnings-growth ratio of 3.68 and a beta of 0.64.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, November 17th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.52%. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, November 16th. Healthcare Services Group’s dividend payout ratio is presently 63.03%.
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In other news, EVP Michael E. Mcbryan sold 800 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $53.00, for a total value of $42,400.00. Following the sale, the executive vice president now directly owns 14,413 shares in the company, valued at $763,889. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director John Briggs sold 2,500 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $50.75, for a total value of $126,875.00. Following the completion of the sale, the director now owns 18,579 shares in the company, valued at $942,884.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,800 shares of company stock worth $1,362,450. Company insiders own 4.30% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. California Public Employees Retirement System grew its stake in Healthcare Services Group by 7.1% in the third quarter. California Public Employees Retirement System now owns 258,074 shares of the business services provider’s stock worth $13,928,000 after purchasing an additional 17,074 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Healthcare Services Group in the third quarter worth approximately $360,000. Oppenheimer Asset Management Inc. grew its stake in Healthcare Services Group by 4.0% in the third quarter. Oppenheimer Asset Management Inc. now owns 82,964 shares of the business services provider’s stock worth $4,478,000 after purchasing an additional 3,182 shares in the last quarter. First Republic Investment Management Inc. grew its stake in Healthcare Services Group by 29.6% in the third quarter. First Republic Investment Management Inc. now owns 8,199 shares of the business services provider’s stock worth $442,000 after purchasing an additional 1,874 shares in the last quarter. Finally, Asset Management One Co. Ltd. bought a new position in Healthcare Services Group in the third quarter worth approximately $725,000. 91.03% of the stock is currently owned by institutional investors.
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 of the healthcare industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States.
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