$506.23 Million in Sales Expected for Healthcare Services Group, Inc. (HCSG) This Quarter

Equities research analysts predict that Healthcare Services Group, Inc. (NASDAQ:HCSG) will announce $506.23 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Healthcare Services Group’s earnings. The highest sales estimate is $508.10 million and the lowest is $504.90 million. Healthcare Services Group reported sales of $499.41 million during the same quarter last year, which would suggest a positive year over year growth rate of 1.4%. The firm is scheduled to report its next earnings results on Tuesday, February 5th.

On average, analysts expect that Healthcare Services Group will report full year sales of $2.02 billion for the current fiscal year. For the next year, analysts anticipate that the firm will post sales of $2.13 billion, with estimates ranging from $2.09 billion to $2.18 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Healthcare Services Group.

Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings results on Tuesday, October 16th. The business services provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.02). Healthcare Services Group had a net margin of 3.59% and a return on equity of 17.80%. The business had revenue of $506.90 million during the quarter, compared to analysts’ expectations of $510.27 million. During the same period in the previous year, the company posted $0.31 earnings per share. Healthcare Services Group’s revenue for the quarter was up 3.2% compared to the same quarter last year.

Several equities research analysts have commented on HCSG shares. ValuEngine raised shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. BidaskClub raised shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 10th. Stephens started coverage on shares of Healthcare Services Group in a report on Tuesday, October 2nd. They issued an “overweight” rating on the stock. Jefferies Financial Group set a $53.00 price target on shares of Healthcare Services Group and gave the company a “buy” rating in a report on Tuesday, October 2nd. Finally, Zacks Investment Research lowered shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $46.00.

In other Healthcare Services Group news, Director Robert J. Moss sold 5,001 shares of the company’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $43.95, for a total value of $219,793.95. Following the completion of the transaction, the director now owns 5,001 shares in the company, valued at $219,793.95. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert J. Moss sold 3,001 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $41.64, for a total transaction of $124,961.64. Following the completion of the transaction, the director now owns 3,001 shares of the company’s stock, valued at approximately $124,961.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,152 shares of company stock valued at $391,963. Insiders own 1.00% of the company’s stock.

Institutional investors have recently modified their holdings of the business. MetLife Investment Advisors LLC raised its position in shares of Healthcare Services Group by 3.0% in the second quarter. MetLife Investment Advisors LLC now owns 80,115 shares of the business services provider’s stock worth $3,460,000 after acquiring an additional 2,325 shares during the period. Stephens Inc. AR raised its position in shares of Healthcare Services Group by 34.0% during the 2nd quarter. Stephens Inc. AR now owns 8,712 shares of the business services provider’s stock worth $376,000 after purchasing an additional 2,211 shares during the last quarter. Liberty Mutual Group Asset Management Inc. acquired a new position in shares of Healthcare Services Group during the 2nd quarter worth about $634,000. Vident Investment Advisory LLC raised its position in shares of Healthcare Services Group by 101.0% during the 2nd quarter. Vident Investment Advisory LLC now owns 60,791 shares of the business services provider’s stock worth $2,626,000 after purchasing an additional 30,554 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Healthcare Services Group by 52.6% during the 2nd quarter. Janus Henderson Group PLC now owns 3,732,363 shares of the business services provider’s stock worth $161,201,000 after purchasing an additional 1,286,629 shares during the last quarter.

NASDAQ:HCSG traded down $0.03 during mid-day trading on Monday, hitting $44.11. The company’s stock had a trading volume of 508,917 shares, compared to its average volume of 975,337. Healthcare Services Group has a 1 year low of $35.04 and a 1 year high of $56.20. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 37.07 and a beta of 0.71.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, November 23rd will be given a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, November 21st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.77%. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s dividend payout ratio is 64.71%.

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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