News stories about Healthcare Services Group (NASDAQ:HCSG) have trended positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Healthcare Services Group earned a news impact score of 0.42 on Accern’s scale. Accern also gave news articles about the business services provider an impact score of 54 out of 100, meaning that recent press coverage is somewhat likely to have an effect on the company’s share price in the near term.
A number of equities analysts recently commented on the company. Jefferies Group LLC restated a “hold” rating and set a $49.00 target price (up previously from $41.00) on shares of Healthcare Services Group in a report on Tuesday, June 6th. Stifel Nicolaus upped their target price on Healthcare Services Group from $46.00 to $48.00 and gave the company a “buy” rating in a report on Monday, May 1st. Finally, Credit Suisse Group assumed coverage on Healthcare Services Group in a report on Friday, May 19th. They set an “outperform” rating and a $50.00 target price for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $48.25.
Healthcare Services Group (NASDAQ HCSG) traded down 0.65% during midday trading on Tuesday, hitting $47.69. The stock had a trading volume of 158,009 shares. The stock has a market cap of $3.48 billion, a PE ratio of 43.75 and a beta of 0.57. Healthcare Services Group has a 52-week low of $34.83 and a 52-week high of $50.00. The company’s 50 day moving average price is $46.96 and its 200-day moving average price is $42.85.
Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings results on Tuesday, April 11th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $404.50 million during the quarter, compared to analyst estimates of $416.40 million. Healthcare Services Group had a return on equity of 23.95% and a net margin of 5.11%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.26 earnings per share. Analysts forecast that Healthcare Services Group will post $1.21 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Friday, May 19th will be given a $0.1875 dividend. The ex-dividend date is Wednesday, May 17th. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.57%. Healthcare Services Group’s dividend payout ratio is 67.57%.
In other Healthcare Services Group news, Director Robert L. Frome sold 7,485 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $47.00, for a total value of $351,795.00. Following the sale, the director now directly owns 37,986 shares in the company, valued at $1,785,342. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Briggs sold 2,500 shares of the firm’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $47.52, for a total value of $118,800.00. Following the completion of the sale, the director now owns 22,017 shares in the company, valued at $1,046,247.84. The disclosure for this sale can be found here. Insiders sold 128,886 shares of company stock valued at $5,935,234 over the last quarter. 4.80% of the stock is currently owned by company insiders.
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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 the healthcare industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States.
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