Healthcare Services Group (HCSG) Scheduled to Post Earnings on Wednesday

Healthcare Services Group (NASDAQ:HCSG) is scheduled to be releasing its earnings data before the market opens on Wednesday, April 24th. Analysts expect Healthcare Services Group to post earnings of $0.21 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings results on Wednesday, February 14th. The business services provider reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. Healthcare Services Group had a return on equity of 10.81% and a net margin of 2.30%. The company had revenue of $423.80 million during the quarter, compared to analysts’ expectations of $424.57 million. During the same quarter in the previous year, the firm posted $0.22 EPS. The firm’s revenue was up .0% compared to the same quarter last year. On average, analysts expect Healthcare Services Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Healthcare Services Group Stock Performance

Shares of HCSG opened at $11.60 on Wednesday. The stock has a 50-day moving average of $12.01 and a two-hundred day moving average of $10.67. Healthcare Services Group has a one year low of $8.75 and a one year high of $15.97. The stock has a market cap of $853.53 million, a P/E ratio of 21.89 and a beta of 0.49.

Wall Street Analyst Weigh In

HCSG has been the subject of several analyst reports. Robert W. Baird boosted their price objective on Healthcare Services Group from $10.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Royal Bank of Canada boosted their price objective on Healthcare Services Group from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Benchmark boosted their price objective on Healthcare Services Group from $16.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, February 15th. StockNews.com raised Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Finally, UBS Group boosted their price objective on Healthcare Services Group from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $14.50.

Institutional Investors Weigh In On Healthcare Services Group

Large investors have recently bought and sold shares of the company. Advisor Group Holdings Inc. increased its stake in Healthcare Services Group by 7.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 10,992 shares of the business services provider’s stock worth $204,000 after buying an additional 782 shares in the last quarter. Captrust Financial Advisors increased its stake in Healthcare Services Group by 21.3% during the 2nd quarter. Captrust Financial Advisors now owns 12,680 shares of the business services provider’s stock worth $189,000 after buying an additional 2,227 shares in the last quarter. Eaton Vance Management increased its stake in Healthcare Services Group by 27.5% during the 1st quarter. Eaton Vance Management now owns 10,002 shares of the business services provider’s stock worth $186,000 after buying an additional 2,156 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Healthcare Services Group by 14.4% in the third quarter. Public Employees Retirement System of Ohio now owns 11,127 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 1,399 shares in the last quarter. Finally, Lazard Asset Management LLC grew its position in shares of Healthcare Services Group by 11.8% in the third quarter. Lazard Asset Management LLC now owns 11,016 shares of the business services provider’s stock valued at $114,000 after purchasing an additional 1,163 shares in the last quarter. 97.97% of the stock is currently owned by hedge funds and other institutional investors.

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.