Headlines about Healthcare Services Group (NASDAQ:HCSG) have been trending very positive recently, Alpha One Sentiment reports. The research group, a unit of Accern, rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Healthcare Services Group earned a news impact score of 0.56 on Alpha One’s scale. Alpha One also assigned news articles about the business services provider an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the company’s share price in the immediate future.
A number of research firms have weighed in on HCSG. Credit Suisse Group AG began coverage on Healthcare Services Group in a research report on Friday. They issued an “outperform” rating and a $50.00 target price for the company. Stifel Nicolaus upped their target price on Healthcare Services Group from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, May 1st. Finally, Zacks Investment Research downgraded Healthcare Services Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Healthcare Services Group presently has a consensus rating of “Hold” and a consensus target price of $46.25.
Shares of Healthcare Services Group (NASDAQ:HCSG) opened at 46.57 on Friday. The firm has a market cap of $3.40 billion, a P/E ratio of 42.72 and a beta of 0.68. Healthcare Services Group has a 12 month low of $34.83 and a 12 month high of $47.05. The stock’s 50 day moving average price is $44.94 and its 200-day moving average price is $41.23.
Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings data on Tuesday, April 11th. The business services provider reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. Healthcare Services Group had a net margin of 4.95% and a return on equity of 23.71%. The firm had revenue of $404.50 million for the quarter, compared to analyst estimates of $416.40 million. During the same period last year, the firm earned $0.26 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. Equities research analysts anticipate that Healthcare Services Group will post $1.21 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, May 19th will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.63%. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, May 17th. Healthcare Services Group’s dividend payout ratio (DPR) is 69.16%.
In other Healthcare Services Group news, Director Daniel P. Mccartney sold 113,901 shares of the firm’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $45.87, for a total value of $5,224,638.87. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Jason J. Bundick sold 4,800 shares of the firm’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $41.98, for a total transaction of $201,504.00. Following the completion of the transaction, the general counsel now directly owns 3,460 shares in the company, valued at $145,250.80. The disclosure for this sale can be found here. 4.80% of the stock is currently owned by company insiders.
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 of the healthcare industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States.
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