According to Zacks, “Healthcare Services Group, Inc. provides housekeeping, laundry, linen, facility maintenance and food services to the health care industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals. Healthcare Services Group has the experience and expertise to meet these needs, making the preferred choice for hospital and senior living clients nationwide. Healthcare Services Group has delivered exceptional housekeeping/laundry and dining/nutrition services to an ever-changing healthcare industry. Healthcare Services provide professional management of ancillary services to a diverse mix of satisfied clients. Flexible and responsive, our people are trained to help you achieve success by delivering innovative solutions, exceptional performance and measurable results. “
A number of other brokerages have also recently issued reports on HCSG. ValuEngine raised Zumiez from a sell rating to a hold rating in a research note on Saturday, June 22nd. Jefferies Financial Group set a $80.00 price objective on Foot Locker and gave the company a buy rating in a research note on Friday, April 12th. Stephens set a $71.00 price objective on Saia and gave the company a hold rating in a research note on Thursday, May 2nd. TheStreet raised Tupperware Brands from a d+ rating to a c rating in a research note on Friday, March 15th. Finally, Robert W. Baird reduced their price objective on Healthcare Services Group from $39.00 to $33.00 and set a neutral rating on the stock in a research note on Tuesday, March 19th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Healthcare Services Group presently has a consensus rating of Hold and a consensus target price of $38.67.
Shares of NASDAQ:HCSG opened at $30.49 on Tuesday. The company’s 50-day moving average is $31.58. Healthcare Services Group has a 12-month low of $28.24 and a 12-month high of $48.73. The company has a market capitalization of $2.27 billion, a PE ratio of 27.22, a P/E/G ratio of 2.40 and a beta of 0.76.
Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings data on Tuesday, April 30th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.24). Healthcare Services Group had a net margin of 4.67% and a return on equity of 21.65%. The company had revenue of $476.11 million for the quarter, compared to the consensus estimate of $489.64 million. The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. Research analysts predict that Healthcare Services Group will post 1.16 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 24th were issued a dividend of $0.1975 per share. 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 2.59%. The ex-dividend date was Thursday, May 23rd. Healthcare Services Group’s dividend payout ratio is currently 70.54%.
In other Healthcare Services Group news, Director Robert L. Frome sold 7,502 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $32.64, for a total value of $244,865.28. Following the completion of the sale, the director now directly owns 18,407 shares in the company, valued at $600,804.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in Healthcare Services Group by 3.0% in the fourth quarter. BlackRock Inc. now owns 8,497,753 shares of the business services provider’s stock worth $341,439,000 after buying an additional 248,258 shares during the period. William Blair Investment Management LLC lifted its holdings in Healthcare Services Group by 0.8% in the first quarter. William Blair Investment Management LLC now owns 4,203,079 shares of the business services provider’s stock worth $138,660,000 after buying an additional 34,862 shares during the period. TimesSquare Capital Management LLC lifted its holdings in Healthcare Services Group by 9.8% in the first quarter. TimesSquare Capital Management LLC now owns 1,461,830 shares of the business services provider’s stock worth $48,226,000 after buying an additional 131,030 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Healthcare Services Group by 6.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,110,137 shares of the business services provider’s stock worth $44,604,000 after buying an additional 63,992 shares during the period. Finally, First Trust Advisors LP purchased a new stake in Healthcare Services Group in the first quarter worth about $29,635,000.
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 nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.
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