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. “
Other equities analysts also recently issued reports about the stock. Jefferies Group upped their price target on shares of Healthcare Services Group from $36.00 to $41.00 and gave the company a hold rating in a report on Wednesday, July 13th. William Blair cut shares of Healthcare Services Group from an outperform rating to a market perform rating in a research report on Wednesday, September 7th. Finally, Robert W. Baird initiated coverage on shares of Healthcare Services Group in a research report on Friday, September 16th. They issued an outperform rating and a $46.00 price target for the company. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of $42.33.
Healthcare Services Group (NASDAQ:HCSG) opened at 39.17 on Friday. Healthcare Services Group has a 52 week low of $31.50 and a 52 week high of $42.18. The firm’s 50 day moving average is $39.08 and its 200-day moving average is $38.40. The company has a market cap of $2.84 billion, a P/E ratio of 44.97 and a beta of 0.56.
Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings results on Tuesday, July 12th. The company reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. The company had revenue of $386.56 million for the quarter, compared to the consensus estimate of $392.26 million. Healthcare Services Group had a net margin of 4.25% and a return on equity of 20.70%. The firm’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 EPS. On average, analysts predict that Healthcare Services Group will post $1.05 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, August 19th were given a dividend of $0.1838 per share. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, August 17th. This represents a $0.74 dividend on an annualized basis and a yield of 1.88%. Healthcare Services Group’s dividend payout ratio is presently 83.15%.
In related news, Director Robert L. Frome sold 3,365 shares of the stock in a transaction that occurred on Tuesday, July 19th. The shares were sold at an average price of $38.10, for a total transaction of $128,206.50. Following the completion of the sale, the director now owns 33,866 shares of the company’s stock, valued at $1,290,294.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.80% of the company’s stock.
Large investors have recently bought and sold shares of the stock. BlackRock Group LTD boosted its stake in Healthcare Services Group by 8.3% in the first quarter. BlackRock Group LTD now owns 89,297 shares of the company’s stock worth $3,287,000 after buying an additional 6,839 shares during the last quarter. Credit Agricole S A boosted its stake in Healthcare Services Group by 113.8% in the first quarter. Credit Agricole S A now owns 52,600 shares of the company’s stock worth $1,936,000 after buying an additional 28,000 shares during the last quarter. Nisa Investment Advisors L.L.C. boosted its stake in Healthcare Services Group by 19.6% in the first quarter. Nisa Investment Advisors L.L.C. now owns 26,800 shares of the company’s stock worth $987,000 after buying an additional 4,400 shares during the last quarter. BlackRock Inc. boosted its stake in Healthcare Services Group by 100.2% in the first quarter. BlackRock Inc. now owns 4,693 shares of the company’s stock worth $173,000 after buying an additional 2,349 shares during the last quarter. Finally, Emerald Acquisition Ltd. purchased a new stake in Healthcare Services Group during the second quarter worth approximately $20,450,000. 94.89% of the stock is owned by institutional investors.
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. The Company caters to nursing homes, retirement complexes, rehabilitation centers and hospitals located in the United States.
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