Healthcare Services Group (HCSG) Earning Somewhat Positive Media Coverage, Report Shows

Media headlines about Healthcare Services Group (NASDAQ:HCSG) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Healthcare Services Group earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news coverage about the business services provider an impact score of 46.1724423225026 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

A number of analysts have recently commented on the stock. BidaskClub lowered shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a research report on Thursday. Jefferies Group set a $52.00 price objective on shares of Healthcare Services Group and gave the stock a “hold” rating in a research report on Thursday, October 19th. Zacks Investment Research lowered shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Stifel Nicolaus reissued a “buy” rating on shares of Healthcare Services Group in a research report on Thursday, October 19th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $62.00 price objective (up previously from $56.00) on shares of Healthcare Services Group in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Healthcare Services Group presently has a consensus rating of “Hold” and an average target price of $54.80.

Shares of Healthcare Services Group (NASDAQ:HCSG) opened at $52.06 on Friday. Healthcare Services Group has a 1 year low of $37.54 and a 1 year high of $55.68. The company has a market cap of $3,810.00, a price-to-earnings ratio of 43.75, a PEG ratio of 3.24 and a beta of 0.62.

Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings results on Tuesday, October 17th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.31. Healthcare Services Group had a net margin of 5.00% and a return on equity of 24.17%. The firm had revenue of $491.40 million for the quarter, compared to analyst estimates of $485.53 million. During the same period in the prior year, the firm posted $0.27 earnings per share. The company’s quarterly revenue was up 25.1% compared to the same quarter last year. equities analysts anticipate that Healthcare Services Group will post 1.24 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, November 17th were given a dividend of $0.19 per share. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.76 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Thursday, November 16th. Healthcare Services Group’s dividend payout ratio is 63.87%.

In other Healthcare Services Group news, insider Michael E. Mcbryan sold 22,500 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $53.03, for a total transaction of $1,193,175.00. Following the sale, the insider now directly owns 14,413 shares of the company’s stock, valued at $764,321.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael E. Mcbryan sold 800 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $53.00, for a total transaction 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 disclosure for this sale can be found here. Corporate insiders own 4.30% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Healthcare Services Group (NASDAQ:HCSG)

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