Healthcare Services Group (NASDAQ:HCSG) Posts Earnings Results, Misses Estimates By $0.04 EPS

Healthcare Services Group (NASDAQ:HCSG) released its quarterly earnings results on Wednesday. The business services provider reported $0.16 earnings per share 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 Trading Down 0.4 %

NASDAQ HCSG traded down $0.04 on Friday, hitting $11.27. 127,774 shares of the company’s stock were exchanged, compared to its average volume of 411,856. The stock has a 50-day moving average of $11.60 and a 200-day moving average of $11.24. The stock has a market cap of $825.98 million, a price-to-earnings ratio of 16.33 and a beta of 0.56. Healthcare Services Group has a 52 week low of $9.70 and a 52 week high of $13.00.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Macquarie started coverage on shares of Healthcare Services Group in a research report on Monday, December 16th. They issued a “neutral” rating and a $13.00 target price for the company. StockNews.com raised Healthcare Services Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Robert W. Baird lowered their price objective on Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, October 24th. Finally, Benchmark reiterated a “buy” rating and set a $17.00 target price on shares of Healthcare Services Group in a research report on Thursday, December 19th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.80.

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.