Healthcare Services Group (NASDAQ:HCSG – Get Free Report) announced its earnings results on Wednesday. The business services provider reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03, Briefing.com reports. The company had revenue of $428.10 million for the quarter, compared to analyst estimates of $429.95 million. Healthcare Services Group had a return on equity of 12.58% and a net margin of 1.82%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.17 EPS. Healthcare Services Group updated its Q4 2024 guidance to EPS.
Healthcare Services Group Stock Performance
NASDAQ:HCSG opened at $10.70 on Friday. The firm’s fifty day moving average is $10.72 and its two-hundred day moving average is $10.89. The firm has a market cap of $788.01 million, a price-to-earnings ratio of 18.77 and a beta of 0.52. Healthcare Services Group has a one year low of $8.75 and a one year high of $13.00.
Analyst Upgrades and Downgrades
HCSG has been the topic of a number of research analyst reports. Benchmark restated a “buy” rating and set a $17.00 price target on shares of Healthcare Services Group in a research note on Thursday. Royal Bank of Canada dropped their target price on shares of Healthcare Services Group from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Finally, Robert W. Baird decreased their price target on shares of Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $14.00.
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.
Further Reading
- Five stocks we like better than Healthcare Services Group
- Retail Stocks Investing, Explained
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- 5 discounted opportunities for dividend growth investors
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
- What is a SEC Filing?
- The Downtrend in UPS Stock Isn’t Over Yet
Receive News & Ratings for Healthcare Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthcare Services Group and related companies with MarketBeat.com's FREE daily email newsletter.