Healthcare Services Group (HCSG) Receives Daily News Sentiment Rating of 0.15

Media coverage about Healthcare Services Group (NASDAQ:HCSG) has been trending somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Healthcare Services Group earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 46.7910895213423 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

HCSG has been the subject of a number of recent research reports. Benchmark assumed coverage on Healthcare Services Group in a research note on Tuesday, June 12th. They issued a “buy” rating and a $50.00 target price for the company. Jefferies Financial Group upgraded Healthcare Services Group from a “hold” rating to a “buy” rating and increased their price target for the stock from $40.00 to $53.00 in a report on Wednesday, June 27th. Stifel Nicolaus cut Healthcare Services Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $57.00 to $44.00 in a report on Wednesday, April 18th. Robert W. Baird lowered their target price on Healthcare Services Group from $50.00 to $48.00 and set a “hold” rating for the company in a report on Tuesday, April 17th. Finally, Zacks Investment Research cut Healthcare Services Group from a “buy” rating to a “hold” rating in a research note on Thursday, April 19th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $47.00.

Healthcare Services Group opened at $40.96 on Friday, according to Healthcare Services Group has a 52 week low of $35.04 and a 52 week high of $56.20. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 43.55, a PEG ratio of 2.48 and a beta of 0.82.

Healthcare Services Group (NASDAQ:HCSG) last announced its earnings results on Tuesday, July 17th. The business services provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.03). Healthcare Services Group had a net margin of 3.48% and a return on equity of 17.46%. The company had revenue of $503.70 million during the quarter, compared to analysts’ expectations of $508.78 million. During the same quarter last year, the business posted $0.30 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. equities analysts expect that Healthcare Services Group will post 1.48 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, August 24th will be paid a $0.1938 dividend. The ex-dividend date of this dividend is Thursday, August 23rd. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.89%. Healthcare Services Group’s payout ratio is 64.71%.

In other Healthcare Services Group news, Director Robert J. Moss sold 3,001 shares of the business’s stock in a transaction on Wednesday, June 13th. The stock was sold at an average price of $41.61, for a total transaction of $124,871.61. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.

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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