Healthcare Services Group (HCSG) to Release Earnings on Wednesday

Healthcare Services Group (NASDAQ:HCSG) is set to release its earnings data before the market opens on Wednesday, October 23rd. Analysts expect Healthcare Services Group to post earnings of $0.16 per share for the quarter. Healthcare Services Group has set its Q4 2024 guidance at EPS and its Q3 2024 guidance at EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. Healthcare Services Group had a net margin of 1.82% and a return on equity of 12.58%. The firm had revenue of $426.30 million for the quarter, compared to analyst estimates of $424.94 million. During the same period in the prior year, the firm posted $0.12 earnings per share. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, analysts expect Healthcare Services Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Healthcare Services Group Price Performance

Shares of HCSG opened at $10.45 on Tuesday. The company has a market cap of $769.60 million, a PE ratio of 18.33 and a beta of 0.52. The firm has a 50-day moving average of $10.72 and a 200-day moving average of $10.91. Healthcare Services Group has a one year low of $8.75 and a one year high of $13.00.

Wall Street Analyst Weigh In

HCSG has been the subject of a number of research analyst reports. Royal Bank of Canada reduced their price target on Healthcare Services Group from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Robert W. Baird lifted their target price on Healthcare Services Group from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Finally, Benchmark restated a “buy” rating and issued a $17.00 price target on shares of Healthcare Services Group in a research note on Thursday, July 25th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $14.50.

About Healthcare Services Group

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.