Zacks: Analysts Anticipate Healthcare Services Group, Inc. (HCSG) to Announce $0.39 Earnings Per Share

Wall Street brokerages expect that Healthcare Services Group, Inc. (NASDAQ:HCSG) will announce $0.39 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Healthcare Services Group’s earnings. The highest EPS estimate is $0.41 and the lowest is $0.37. Healthcare Services Group posted earnings per share of $0.30 during the same quarter last year, which would suggest a positive year over year growth rate of 30%. The company is expected to announce its next quarterly earnings results 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 year, with EPS estimates ranging from $1.56 to $1.79. For the next financial year, analysts anticipate that the company will report earnings of $1.86 per share, with EPS estimates ranging from $1.76 to $2.00. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Healthcare Services Group.

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

Several analysts have recently issued reports on HCSG shares. BidaskClub upgraded shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Zacks Investment Research upgraded shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Tuesday, February 6th. Finally, Robert W. Baird lowered shares of Healthcare Services Group from an “outperform” rating to a “neutral” rating and set a $52.00 target price on the stock. in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $55.20.

Shares of NASDAQ HCSG traded down $0.92 during trading on Wednesday, hitting $42.53. The company had a trading volume of 911,616 shares, compared to its average volume of 980,006. Healthcare Services Group has a fifty-two week low of $41.05 and a fifty-two week high of $56.20. The firm has a market cap of $3,201.35, a price-to-earnings ratio of 36.82, a price-to-earnings-growth ratio of 2.36 and a beta of 0.79.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, February 16th were paid a $0.1913 dividend. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.77 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Thursday, February 15th. Healthcare Services Group’s dividend payout ratio (DPR) is currently 63.87%.

In other news, Director Dino D. Ottaviano sold 1,500 shares of the firm’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $45.15, for a total value of $67,725.00. Following the transaction, the director now directly owns 2,044 shares of the company’s stock, valued at $92,286.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert J. Moss sold 2,000 shares of the firm’s stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $44.50, for a total transaction of $89,000.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at $89,000. The disclosure for this sale can be found here. Company insiders own 4.30% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Xact Kapitalforvaltning AB purchased a new position in shares of Healthcare Services Group in the fourth quarter worth about $364,000. Envestnet Asset Management Inc. lifted its stake in shares of Healthcare Services Group by 1.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 100,656 shares of the business services provider’s stock worth $5,308,000 after buying an additional 1,310 shares in the last quarter. We Are One Seven LLC purchased a new position in shares of Healthcare Services Group in the fourth quarter worth about $155,000. Segall Bryant & Hamill LLC lifted its stake in shares of Healthcare Services Group by 59.7% in the fourth quarter. Segall Bryant & Hamill LLC now owns 786,691 shares of the business services provider’s stock worth $41,474,000 after buying an additional 294,125 shares in the last quarter. Finally, MetLife Investment Advisors LLC purchased a new position in shares of Healthcare Services Group in the fourth quarter worth about $1,677,000. 97.39% of the stock is currently owned by hedge funds and other institutional investors.

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

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

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