Q4 2024 EPS Estimates for Healthcare Services Group, Inc. (NASDAQ:HCSG) Reduced by William Blair

Healthcare Services Group, Inc. (NASDAQ:HCSG) – Analysts at William Blair dropped their Q4 2024 EPS estimates for shares of Healthcare Services Group in a report issued on Wednesday, April 24th. William Blair analyst R. Daniels now anticipates that the business services provider will post earnings of $0.20 per share for the quarter, down from their previous estimate of $0.21. The consensus estimate for Healthcare Services Group’s current full-year earnings is $0.77 per share. William Blair also issued estimates for Healthcare Services Group’s FY2025 earnings at $0.85 EPS.

A number of other research analysts also recently commented on the stock. Benchmark lifted their price objective on shares of Healthcare Services Group from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. StockNews.com raised shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Robert W. Baird lifted their price objective on shares of Healthcare Services Group from $10.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. UBS Group lifted their price objective on shares of Healthcare Services Group from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Finally, Royal Bank of Canada lifted their price objective on shares of Healthcare Services Group from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $14.50.

Healthcare Services Group Price Performance

Shares of HCSG opened at $10.85 on Thursday. The firm has a 50-day moving average of $12.20 and a 200-day moving average of $10.73. Healthcare Services Group has a one year low of $8.75 and a one year high of $15.97. The company has a market cap of $799.05 million, a PE ratio of 19.04 and a beta of 0.49.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. Healthcare Services Group had a net margin of 2.44% and a return on equity of 11.44%. The firm had revenue of $423.40 million for the quarter, compared to analyst estimates of $424.91 million. During the same period in the previous year, the business earned $0.17 EPS. The company’s revenue was up 1.5% compared to the same quarter last year.

Institutional Trading of Healthcare Services Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC boosted its holdings in shares of Healthcare Services Group by 24.1% during the 3rd quarter. Hsbc Holdings PLC now owns 60,826 shares of the business services provider’s stock worth $639,000 after buying an additional 11,797 shares during the period. Jump Financial LLC bought a new stake in shares of Healthcare Services Group during the 3rd quarter worth about $1,151,000. AQR Capital Management LLC boosted its holdings in shares of Healthcare Services Group by 269.6% during the 3rd quarter. AQR Capital Management LLC now owns 417,110 shares of the business services provider’s stock worth $4,350,000 after buying an additional 304,258 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Healthcare Services Group by 87.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 816,756 shares of the business services provider’s stock worth $8,519,000 after buying an additional 380,110 shares during the period. Finally, Teacher Retirement System of Texas boosted its holdings in shares of Healthcare Services Group by 25.9% during the 3rd quarter. Teacher Retirement System of Texas now owns 26,037 shares of the business services provider’s stock worth $272,000 after buying an additional 5,358 shares during the period. Institutional investors own 97.97% of the company’s stock.

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 nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.