Headlines about Healthcare Services Group (NASDAQ:HCSG) have trended positive recently, Accern Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Healthcare Services Group earned a daily sentiment score of 0.26 on Accern’s scale. Accern also assigned press coverage about the business services provider an impact score of 46.354829090889 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media headlines that may have effected Accern’s scoring:
- Healthcare Services Group, Inc. – Value Analysis (NASDAQ:HCSG) : December 19, 2017 (finance.yahoo.com)
- Humana, PE firms buy Kindred Healthcare for $4 billion (reuters.com)
- Healthcare Services Group, Inc. (HCSG) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Healthcare Services Group, Inc. breached its 50 day moving average in a Bullish Manner : HCSG-US : December 18, 2017 (finance.yahoo.com)
- Noteworthy ETF Outflows: IJR, NKTR, CHE, HCSG – Nasdaq.com – Nasdaq (nasdaq.com)
A number of analysts have recently weighed in on the stock. BidaskClub lowered shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Credit Suisse Group reiterated an “outperform” rating and set a $62.00 target price (up from $56.00) on shares of Healthcare Services Group in a report on Friday, November 3rd. Zacks Investment Research lowered shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Stifel Nicolaus reiterated a “buy” rating on shares of Healthcare Services Group in a report on Thursday, October 19th. Finally, Jefferies Group set a $52.00 target price on shares of Healthcare Services Group and gave the stock a “hold” rating in a report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Healthcare Services Group currently has a consensus rating of “Hold” and an average target price of $54.80.
Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings results on Tuesday, October 17th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.31. Healthcare Services Group had a net margin of 5.00% and a return on equity of 24.17%. The company had revenue of $491.40 million during the quarter, compared to the consensus estimate of $485.53 million. During the same period in the prior year, the firm earned $0.27 earnings per share. Healthcare Services Group’s revenue was up 25.1% on a year-over-year basis. equities research analysts forecast that Healthcare Services Group will post 1.24 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, November 17th will be paid a $0.19 dividend. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.76 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Thursday, November 16th. Healthcare Services Group’s dividend payout ratio is presently 63.87%.
In related news, EVP Michael E. Mcbryan sold 800 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $53.00, for a total value of $42,400.00. Following the completion of the transaction, the executive vice president now directly owns 14,413 shares of the company’s stock, valued at $763,889. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael E. Mcbryan sold 22,500 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $53.03, for a total transaction of $1,193,175.00. Following the completion of the transaction, the insider now directly owns 14,413 shares of the company’s stock, valued at $764,321.39. The disclosure for this sale can be found here. 4.30% of the stock is owned by corporate 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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