Headlines about Healthcare Services Group (NASDAQ:HCSG) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Healthcare Services Group earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the business services provider an impact score of 45.995023848038 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s rankings:
- What Kind of Picture Are the Technicals Painting For Healthcare Services Group Inc (HCSG)? - Evergreen Caller (evergreencaller.com)
- Trending Higher or Stalling Out? Stock Update on Healthcare Services Group Inc (HCSG) - Evergreen Caller (evergreencaller.com)
- Xerox (XRX) Beats Q2 Earnings Estimates, Narrows Guidance (finance.yahoo.com)
- Healthcare Services Group, Inc. :HCSG-US: Earnings Analysis: Q2, 2017 By the Numbers : August 1, 2017 (finance.yahoo.com)
Healthcare Services Group (NASDAQ:HCSG) traded down 0.17% on Friday, reaching $51.41. The company’s stock had a trading volume of 403,568 shares. Healthcare Services Group has a 52-week low of $34.83 and a 52-week high of $54.28. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 45.10 and a beta of 0.61. The firm’s 50-day moving average price is $49.61 and its 200-day moving average price is $45.10.
Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings results on Tuesday, July 11th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. Healthcare Services Group had a net margin of 5.07% and a return on equity of 24.12%. The business had revenue of $470.90 million during the quarter, compared to analyst estimates of $425.24 million. During the same period in the prior year, the business posted $0.26 earnings per share. The company’s revenue was up 21.8% on a year-over-year basis. On average, equities analysts expect that Healthcare Services Group will post $1.25 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders 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 yield of 1.47%. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, August 16th. Healthcare Services Group’s dividend payout ratio is presently 65.22%.
A number of research analysts have issued reports on HCSG shares. Stifel Nicolaus boosted their target price on Healthcare Services Group from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, May 1st. BidaskClub cut Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research raised Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Friday, July 14th. Jefferies Group LLC reissued a “hold” rating and issued a $49.00 target price on shares of Healthcare Services Group in a research note on Friday, July 7th. Finally, Robert W. Baird boosted their target price on Healthcare Services Group from $47.00 to $52.00 and gave the company an “outperform” rating in a research note on Wednesday, July 12th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $53.00.
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In other news, Director Daniel P. Mccartney sold 113,901 shares of the company’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $45.87, for a total transaction of $5,224,638.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert L. Frome sold 7,485 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $47.00, for a total transaction of $351,795.00. Following the transaction, the director now directly owns 37,986 shares of the company’s stock, valued at $1,785,342. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 135,886 shares of company stock valued at $6,305,754. Insiders own 4.30% of the company’s stock.
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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