Brokerages expect Healthcare Services Group, Inc. (NASDAQ:HCSG) to report earnings per share (EPS) of $0.37 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Healthcare Services Group’s earnings, with estimates ranging from $0.36 to $0.37. Healthcare Services Group posted earnings per share of $0.31 during the same quarter last year, which suggests a positive year over year growth rate of 19.4%. The business is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, October 16th.

On average, analysts expect that Healthcare Services Group will report full year earnings of $1.48 per share for the current year, with EPS estimates ranging from $1.46 to $1.50. For the next year, analysts forecast that the company will report earnings of $1.72 per share, with EPS estimates ranging from $1.67 to $1.77. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Healthcare Services Group.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly 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). The company had revenue of $503.70 million during the quarter, compared to the consensus estimate of $508.78 million. Healthcare Services Group had a net margin of 3.48% and a return on equity of 17.46%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 earnings per share.

Several research analysts have weighed in on HCSG shares. Jefferies Financial Group raised shares of Healthcare Services Group from a “hold” rating to a “buy” rating and increased their price target for the company from $40.00 to $53.00 in a report on Wednesday, June 27th. ValuEngine raised shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. BidaskClub raised shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Thursday, June 21st. Stephens started coverage on shares of Healthcare Services Group in a report on Tuesday, October 2nd. They issued an “overweight” rating on the stock. Finally, Zacks Investment Research cut shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $46.00.

Healthcare Services Group stock opened at $39.32 on Wednesday. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 33.04 and a beta of 0.81. Healthcare Services Group has a twelve month low of $35.04 and a twelve month high of $56.20.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, August 24th were issued a dividend of $0.1938 per share. The ex-dividend date of this dividend was Thursday, August 23rd. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.78 annualized dividend and a dividend yield of 1.97%. Healthcare Services Group’s dividend payout ratio (DPR) is currently 64.71%.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Healthcare Services Group by 6.9% during the second quarter. BlackRock Inc. now owns 8,215,506 shares of the business services provider’s stock worth $354,826,000 after purchasing an additional 528,702 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Healthcare Services Group by 52.6% during the second quarter. Janus Henderson Group PLC now owns 3,732,363 shares of the business services provider’s stock worth $161,201,000 after purchasing an additional 1,286,629 shares during the period. Riverbridge Partners LLC increased its holdings in shares of Healthcare Services Group by 2.1% during the third quarter. Riverbridge Partners LLC now owns 3,502,789 shares of the business services provider’s stock worth $142,283,000 after purchasing an additional 73,367 shares during the period. Wasatch Advisors Inc. increased its holdings in shares of Healthcare Services Group by 0.9% during the second quarter. Wasatch Advisors Inc. now owns 3,051,926 shares of the business services provider’s stock worth $131,813,000 after purchasing an additional 27,403 shares during the period. Finally, DF Dent & Co. Inc. increased its holdings in shares of Healthcare Services Group by 19.0% during the second quarter. DF Dent & Co. Inc. now owns 2,269,253 shares of the business services provider’s stock worth $98,009,000 after purchasing an additional 361,560 shares during the period. 97.93% of the stock is currently owned by institutional investors.

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 to nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.

Further Reading: NASDAQ

Get a free copy of the Zacks research report on Healthcare Services Group (HCSG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Healthcare Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthcare Services Group and related companies with MarketBeat.com's FREE daily email newsletter.