Jefferies Group Comments on Healthcare Services Group, Inc.’s FY2018 Earnings (HCSG)

Healthcare Services Group, Inc. (NASDAQ:HCSG) – Analysts at Jefferies Group increased their FY2018 earnings per share estimates for Healthcare Services Group in a note issued to investors on Wednesday. Jefferies Group analyst S. Dodge now anticipates that the business services provider will post earnings of $1.37 per share for the year, up from their previous estimate of $1.36. Jefferies Group currently has a “Hold” rating and a $52.00 price target on the stock.

Several other equities research analysts have also recently commented on the company. Zacks Investment Research cut Healthcare Services Group from a “buy” rating to a “hold” rating in a research note on Friday. Stifel Nicolaus reissued a “buy” rating on shares of Healthcare Services Group in a research note on Thursday. Robert W. Baird reissued a “buy” rating and issued a $52.00 target price on shares of Healthcare Services Group in a research note on Wednesday, October 4th. BidaskClub raised Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $56.00 target price (up from $50.00) on shares of Healthcare Services Group in a research note on Thursday, July 13th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $53.60.

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Healthcare Services Group (NASDAQ:HCSG) opened at 52.62 on Friday. The stock has a 50 day moving average price of $52.92 and a 200 day moving average price of $49.42. The company has a market cap of $3.87 billion, a PE ratio of 44.22 and a beta of 0.62. Healthcare Services Group has a 1-year low of $34.83 and a 1-year high of $55.68.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings results on Tuesday, October 17th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.31. Healthcare Services Group had a return on equity of 24.17% and a net margin of 5.00%. The company had revenue of $491.40 million during the quarter, compared to analysts’ expectations of $485.53 million. During the same quarter in the prior year, the business posted $0.27 earnings per share. The company’s revenue for the quarter was up 25.1% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, November 17th will be paid a $0.19 dividend. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.76 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, November 16th. Healthcare Services Group’s dividend payout ratio (DPR) is 63.03%.

In other news, Director Robert L. Frome sold 5,000 shares of Healthcare Services Group stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $53.00, for a total value of $265,000.00. Following the completion of the sale, the director now directly owns 20,501 shares of the company’s stock, valued at approximately $1,086,553. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Briggs sold 2,500 shares of Healthcare Services Group stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $50.75, for a total value of $126,875.00. Following the completion of the sale, the director now directly owns 18,579 shares of the company’s stock, valued at $942,884.25. The disclosure for this sale can be found here. Insiders sold a total of 34,750 shares of company stock valued at $1,804,825 over the last three months. Insiders own 4.30% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Healthcare Services Group by 9.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,700 shares of the business services provider’s stock worth $126,000 after purchasing an additional 242 shares during the last quarter. LS Investment Advisors LLC boosted its position in shares of Healthcare Services Group by 4.0% in the 2nd quarter. LS Investment Advisors LLC now owns 2,834 shares of the business services provider’s stock worth $133,000 after purchasing an additional 108 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Healthcare Services Group by 4.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,005 shares of the business services provider’s stock worth $141,000 after purchasing an additional 135 shares during the last quarter. Bruderman Asset Management LLC bought a new position in shares of Healthcare Services Group in the 2nd quarter worth $170,000. Finally, Riverhead Capital Management LLC boosted its position in shares of Healthcare Services Group by 69.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,059 shares of the business services provider’s stock worth $190,000 after purchasing an additional 1,659 shares during the last quarter. 91.48% of the stock is owned by institutional investors.

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 of the healthcare industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States.

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

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