Brokerages Anticipate Healthcare Services Group, Inc. (HCSG) to Post $0.39 EPS

Equities research analysts expect that Healthcare Services Group, Inc. (NASDAQ:HCSG) will report $0.39 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Healthcare Services Group’s earnings, with the highest EPS estimate coming in at $0.41 and the lowest estimate coming in at $0.37. Healthcare Services Group reported earnings of $0.30 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 30%. The firm is expected to announce its next earnings report on Tuesday, April 10th.

On average, analysts expect that Healthcare Services Group will report full year earnings of $1.67 per share for the current fiscal year, with EPS estimates ranging from $1.56 to $1.79. For the next year, analysts anticipate that the firm will post earnings of $1.85 per share, with EPS estimates ranging from $1.76 to $2.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Healthcare Services Group.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings results on Tuesday, February 6th. The business services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.04). The business had revenue of $499.41 million for the quarter, compared to analysts’ expectations of $499.37 million. Healthcare Services Group had a return on equity of 23.17% and a net margin of 4.73%. The business’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.28 earnings per share.

HCSG has been the subject of a number of research analyst reports. BidaskClub upgraded Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. Zacks Investment Research cut Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Credit Suisse Group reiterated an “outperform” rating and set a $62.00 price target (up from $56.00) on shares of Healthcare Services Group in a report on Friday, November 3rd. Finally, Robert W. Baird cut Healthcare Services Group from an “outperform” rating to a “neutral” rating and set a $52.00 price target for the company. in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $55.20.

A number of institutional investors have recently made changes to their positions in the stock. 1st Global Advisors Inc. boosted its holdings in Healthcare Services Group by 0.5% during the 2nd quarter. 1st Global Advisors Inc. now owns 16,996 shares of the business services provider’s stock valued at $796,000 after acquiring an additional 81 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Healthcare Services Group by 4.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,005 shares of the business services provider’s stock valued at $141,000 after acquiring an additional 135 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in Healthcare Services Group by 2.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,257 shares of the business services provider’s stock valued at $293,000 after acquiring an additional 176 shares during the period. Ashford Capital Management Inc. boosted its holdings in Healthcare Services Group by 1.2% during the 2nd quarter. Ashford Capital Management Inc. now owns 28,734 shares of the business services provider’s stock valued at $1,346,000 after acquiring an additional 336 shares during the period. Finally, Nomura Holdings Inc. boosted its holdings in Healthcare Services Group by 5.2% during the 2nd quarter. Nomura Holdings Inc. now owns 10,370 shares of the business services provider’s stock valued at $486,000 after acquiring an additional 517 shares during the period. Institutional investors own 92.93% of the company’s stock.

Healthcare Services Group (NASDAQ:HCSG) traded up $0.22 during midday trading on Monday, hitting $49.39. The stock had a trading volume of 404,130 shares, compared to its average volume of 1,190,000. The stock has a market cap of $3,640.00, a PE ratio of 41.50, a PEG ratio of 2.68 and a beta of 0.62. Healthcare Services Group has a fifty-two week low of $41.05 and a fifty-two week high of $56.20.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, February 16th will be issued a dividend of $0.1913 per share. This represents a $0.77 dividend on an annualized basis and a yield of 1.55%. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, February 15th. Healthcare Services Group’s dividend payout ratio (DPR) is 63.87%.

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

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