Healthcare Services Group (NASDAQ:HCSG) Announces Earnings Results

Healthcare Services Group (NASDAQ:HCSG) announced its earnings results on Wednesday. The business services provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.04), Zacks reports. Healthcare Services Group had a return on equity of 12.59% and a net margin of 2.95%. Healthcare Services Group updated its Q1 2025 guidance to EPS.

Healthcare Services Group Stock Down 1.6 %

NASDAQ HCSG traded down $0.18 during trading hours on Wednesday, hitting $10.74. The company’s stock had a trading volume of 301,679 shares, compared to its average volume of 388,941. The stock has a fifty day moving average of $11.64 and a 200 day moving average of $11.24. Healthcare Services Group has a twelve month low of $9.34 and a twelve month high of $13.00. The firm has a market capitalization of $786.78 million, a P/E ratio of 15.56 and a beta of 0.56.

Analysts Set New Price Targets

HCSG has been the subject of several research reports. Benchmark restated a “buy” rating and issued a $17.00 price objective on shares of Healthcare Services Group in a research report on Thursday, December 19th. Robert W. Baird lowered their price target on shares of Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, October 24th. StockNews.com upgraded shares of Healthcare Services Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Macquarie started coverage on Healthcare Services Group in a research report on Monday, December 16th. They issued a “neutral” rating and a $13.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $13.80.

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.