Healthcare Services Group (NASDAQ:HCSG) Issues Quarterly Earnings Results

Healthcare Services Group (NASDAQ:HCSG) issued its quarterly earnings results on Wednesday. The business services provider reported $0.22 EPS for the quarter, topping the consensus estimate of $0.18 by $0.04, Briefing.com reports. The company had revenue of $423.40 million for the quarter, compared to the consensus estimate of $424.91 million. Healthcare Services Group had a return on equity of 11.44% and a net margin of 2.44%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.17 EPS.

Healthcare Services Group Trading Down 2.0 %

Shares of NASDAQ:HCSG opened at $11.00 on Friday. Healthcare Services Group has a 1-year low of $8.75 and a 1-year high of $15.97. The firm has a market capitalization of $810.04 million, a PE ratio of 19.30 and a beta of 0.49. The business’s 50 day moving average is $12.23 and its 200-day moving average is $10.72.

Analyst Upgrades and Downgrades

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

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.