Q1 2020 EPS Estimates for Healthcare Services Group, Inc. Cut by Analyst (NASDAQ:HCSG)

Healthcare Services Group, Inc. (NASDAQ:HCSG) – Analysts at William Blair reduced their Q1 2020 EPS estimates for Healthcare Services Group in a research note issued to investors on Tuesday, February 11th. William Blair analyst R. Daniels now anticipates that the business services provider will post earnings per share of $0.25 for the quarter, down from their previous forecast of $0.27. William Blair also issued estimates for Healthcare Services Group’s Q2 2020 earnings at $0.28 EPS, Q3 2020 earnings at $0.31 EPS and FY2020 earnings at $1.15 EPS.

Several other equities research analysts also recently issued reports on the company. Benchmark restated a “buy” rating and issued a $34.00 price target (down from $37.00) on shares of Healthcare Services Group in a report on Wednesday, October 23rd. BidaskClub upgraded Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. Zacks Investment Research downgraded Healthcare Services Group from a “hold” rating to a “sell” rating in a report on Monday, January 13th. Royal Bank of Canada initiated coverage on Healthcare Services Group in a report on Wednesday, November 27th. They issued a “sector perform” rating and a $26.00 price target for the company. Finally, Jefferies Financial Group initiated coverage on Healthcare Services Group in a report on Wednesday. They issued a “hold” rating and a $25.00 price target for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $33.57.

Shares of Healthcare Services Group stock opened at $29.32 on Thursday. Healthcare Services Group has a 1 year low of $21.16 and a 1 year high of $40.91. The business has a 50-day moving average of $26.02 and a two-hundred day moving average of $24.66. The company has a market capitalization of $1.96 billion, a P/E ratio of 28.47 and a beta of 0.75.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings results on Tuesday, February 11th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.25. Healthcare Services Group had a return on equity of 17.28% and a net margin of 4.09%. The company had revenue of $446.96 million during the quarter, compared to the consensus estimate of $444.52 million.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, February 28th will be issued a dividend of $0.201 per share. The ex-dividend date of this dividend is Thursday, February 27th. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.20. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.74%. Healthcare Services Group’s dividend payout ratio (DPR) is presently 71.43%.

Several large investors have recently bought and sold shares of the stock. NEXT Financial Group Inc grew its holdings in shares of Healthcare Services Group by 12.8% during the fourth quarter. NEXT Financial Group Inc now owns 3,775 shares of the business services provider’s stock worth $91,000 after buying an additional 428 shares in the last quarter. OLD National Bancorp IN grew its holdings in shares of Healthcare Services Group by 3.5% during the third quarter. OLD National Bancorp IN now owns 13,870 shares of the business services provider’s stock worth $337,000 after buying an additional 465 shares in the last quarter. Amalgamated Bank boosted its position in Healthcare Services Group by 3.5% during the fourth quarter. Amalgamated Bank now owns 14,276 shares of the business services provider’s stock valued at $347,000 after purchasing an additional 485 shares during the last quarter. American International Group Inc. boosted its position in Healthcare Services Group by 0.3% during the fourth quarter. American International Group Inc. now owns 188,461 shares of the business services provider’s stock valued at $4,583,000 after purchasing an additional 515 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in Healthcare Services Group by 0.7% during the third quarter. Public Employees Retirement System of Ohio now owns 86,449 shares of the business services provider’s stock valued at $2,100,000 after purchasing an additional 563 shares during the last quarter.

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.

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