Healthcare Services Group (NASDAQ:HCSG) Releases Earnings Results, Beats Expectations By $0.01 EPS

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) issued its earnings results on Wednesday. The business services provider reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.01, Zacks reports. Healthcare Services Group had a return on equity of 11.74% and a net margin of 0.61%. The firm had revenue of $458.50 million for the quarter, compared to the consensus estimate of $450.78 million. During the same quarter in the prior year, the business earned $0.20 earnings per share. The company's revenue was up 7.6% compared to the same quarter last year. Healthcare Services Group updated its Q3 2025 guidance to EPS.

Healthcare Services Group Price Performance

Shares of NASDAQ:HCSG traded down $0.39 during midday trading on Friday, hitting $13.25. The company had a trading volume of 950,037 shares, compared to its average volume of 640,263. Healthcare Services Group has a twelve month low of $9.13 and a twelve month high of $15.73. The stock has a market cap of $966.19 million, a price-to-earnings ratio of 94.64 and a beta of 0.57. The business's 50-day simple moving average is $14.31 and its 200-day simple moving average is $12.34.

Institutional Investors Weigh In On Healthcare Services Group

Several hedge funds and other institutional investors have recently made changes to their positions in HCSG. Jane Street Group LLC increased its holdings in shares of Healthcare Services Group by 962.0% in the first quarter. Jane Street Group LLC now owns 200,082 shares of the business services provider's stock valued at $2,017,000 after purchasing an additional 181,242 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Healthcare Services Group during the first quarter worth $242,000. Royal Bank of Canada increased its stake in Healthcare Services Group by 3.7% during the first quarter. Royal Bank of Canada now owns 139,126 shares of the business services provider's stock worth $1,402,000 after acquiring an additional 4,917 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Healthcare Services Group by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,704 shares of the business services provider's stock worth $441,000 after acquiring an additional 1,824 shares during the last quarter. Institutional investors and hedge funds own 97.97% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on HCSG. Macquarie increased their price target on Healthcare Services Group from $13.00 to $15.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. UBS Group upgraded Healthcare Services Group from a "neutral" rating to a "buy" rating and increased their price target for the stock from $12.00 to $15.00 in a research report on Thursday, April 24th. Robert W. Baird increased their price target on Healthcare Services Group from $13.00 to $15.00 and gave the stock a "neutral" rating in a research report on Thursday. Wall Street Zen upgraded Healthcare Services Group from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Finally, Benchmark raised their target price on Healthcare Services Group from $17.00 to $19.00 and gave the company a "buy" rating in a research report on Thursday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Healthcare Services Group has an average rating of "Moderate Buy" and a consensus target price of $15.60.

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.