Q4 2024 Earnings Estimate for Healthcare Services Group, Inc. (NASDAQ:HCSG) Issued By William Blair

Healthcare Services Group, Inc. (NASDAQ:HCSG) – Analysts at William Blair reduced their Q4 2024 earnings estimates for shares of Healthcare Services Group in a research report issued to clients and investors on Wednesday, April 24th. William Blair analyst R. Daniels now forecasts that the business services provider will post earnings of $0.20 per share for the quarter, down from their previous estimate of $0.21. The consensus estimate for Healthcare Services Group’s current full-year earnings is $0.77 per share. William Blair also issued estimates for Healthcare Services Group’s FY2025 earnings at $0.85 EPS.

Several other equities research analysts also recently commented on the stock. Robert W. Baird boosted their target price on shares of Healthcare Services Group from $10.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Royal Bank of Canada upped their price target on shares of Healthcare Services Group from $14.00 to $15.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. StockNews.com upgraded shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Benchmark upped their price target on shares of Healthcare Services Group from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Finally, UBS Group upped their price target on shares of Healthcare Services Group from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Healthcare Services Group currently has an average rating of “Hold” and an average target price of $14.50.

Healthcare Services Group Stock Performance

Shares of NASDAQ:HCSG opened at $11.22 on Thursday. Healthcare Services Group has a 52 week low of $8.75 and a 52 week high of $15.97. The company’s fifty day moving average is $12.24 and its 200-day moving average is $10.72. The company has a market capitalization of $826.24 million, a PE ratio of 21.17 and a beta of 0.49.

Healthcare Services Group (NASDAQ:HCSG) last issued its earnings results on Wednesday, February 14th. The business services provider reported $0.20 EPS for the quarter, beating the consensus estimate of $0.16 by $0.04. Healthcare Services Group had a net margin of 2.30% and a return on equity of 10.81%. The company had revenue of $423.80 million for the quarter, compared to the consensus estimate of $424.57 million. During the same quarter in the previous year, the company earned $0.22 EPS. The firm’s revenue for the quarter was up .0% compared to the same quarter last year.

Institutional Trading of Healthcare Services Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Financial Management Professionals Inc. bought a new stake in Healthcare Services Group during the 1st quarter worth about $55,000. PNC Financial Services Group Inc. raised its holdings in Healthcare Services Group by 38.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,186 shares of the business services provider’s stock worth $64,000 after purchasing an additional 1,714 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Healthcare Services Group during the 4th quarter worth about $921,000. CWM LLC raised its holdings in Healthcare Services Group by 173.4% during the 3rd quarter. CWM LLC now owns 10,209 shares of the business services provider’s stock worth $106,000 after purchasing an additional 6,475 shares during the last quarter. Finally, Corton Capital Inc. bought a new stake in Healthcare Services Group during the 3rd quarter worth about $129,000. 97.97% of the stock is 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 of nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.