Wall Street brokerages expect Healthcare Services Group, Inc. (NASDAQ:HCSG) to report $488.69 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for Healthcare Services Group’s earnings. The lowest sales estimate is $486.10 million and the highest is $491.77 million. Healthcare Services Group posted sales of $501.81 million in the same quarter last year, which suggests a negative year over year growth rate of 2.6%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, April 16th.
On average, analysts expect that Healthcare Services Group will report full year sales of $2.01 billion for the current financial year, with estimates ranging from $1.98 billion to $2.03 billion. For the next year, analysts forecast that the firm will post sales of $2.17 billion, with estimates ranging from $2.14 billion to $2.19 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Healthcare Services Group.
Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings data on Tuesday, February 5th. The business services provider reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.05. The company had revenue of $496.41 million during the quarter, compared to analysts’ expectations of $507.45 million. Healthcare Services Group had a return on equity of 20.09% and a net margin of 4.16%. The business’s revenue was down .6% on a year-over-year basis. During the same period last year, the business earned $0.27 earnings per share.
Shares of NASDAQ HCSG traded up $0.28 during midday trading on Friday, reaching $32.99. 693,821 shares of the company traded hands, compared to its average volume of 1,035,159. The stock has a market cap of $2.49 billion, a PE ratio of 29.46, a PEG ratio of 2.03 and a beta of 0.86. Healthcare Services Group has a 12 month low of $29.75 and a 12 month high of $48.73.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, February 15th were paid a $0.1963 dividend. The ex-dividend date of this dividend was Thursday, February 14th. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.20. This represents a $0.79 dividend on an annualized basis and a dividend yield of 2.38%. Healthcare Services Group’s dividend payout ratio (DPR) is 70.54%.
Several large investors have recently made changes to their positions in HCSG. Group One Trading L.P. increased its stake in shares of Healthcare Services Group by 1,942.1% in the fourth quarter. Group One Trading L.P. now owns 700 shares of the business services provider’s stock valued at $28,000 after buying an additional 738 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in Healthcare Services Group by 3,976.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,186,395 shares of the business services provider’s stock worth $30,000 after purchasing an additional 1,157,289 shares during the period. Csenge Advisory Group acquired a new stake in Healthcare Services Group in the third quarter worth about $37,000. Whittier Trust Co. increased its position in Healthcare Services Group by 2,149.1% in the fourth quarter. Whittier Trust Co. now owns 1,282 shares of the business services provider’s stock worth $52,000 after purchasing an additional 1,225 shares during the period. Finally, Bronfman E.L. Rothschild L.P. increased its position in Healthcare Services Group by 43.6% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,512 shares of the business services provider’s stock worth $61,000 after purchasing an additional 459 shares during the period.
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 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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