Healthcare Services Group, Inc. (NASDAQ:HCSG) announced a quarterly dividend on Wednesday, July 21st, Zacks reports. Shareholders of record on Friday, August 20th will be given a dividend of 0.209 per share by the business services provider on Friday, September 24th. This represents a $0.84 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Thursday, August 19th. This is an increase from Healthcare Services Group's previous quarterly dividend of $0.21.
Healthcare Services Group has increased its dividend payment by 8.0% over the last three years and has increased its dividend annually for the last 17 consecutive years.
Healthcare Services Group stock opened at $26.92 on Thursday. The stock has a market cap of $2.01 billion, a PE ratio of 19.51 and a beta of 0.42. Healthcare Services Group has a 1 year low of $20.05 and a 1 year high of $35.80. The firm has a 50-day moving average of $30.97.
Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings data on Tuesday, July 20th. The business services provider reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.16). The company had revenue of $398.20 million during the quarter, compared to analysts' expectations of $407.24 million. Healthcare Services Group had a net margin of 6.00% and a return on equity of 21.85%. Healthcare Services Group's quarterly revenue was down 11.9% on a year-over-year basis. During the same period last year, the firm earned $0.31 earnings per share. As a group, analysts anticipate that Healthcare Services Group will post 1.19 EPS for the current year.
Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Healthcare Services Group from a "hold" rating to a "buy" rating and set a $34.00 price objective for the company in a research report on Tuesday. Royal Bank of Canada lowered their price target on shares of Healthcare Services Group from $30.00 to $29.00 and set a "sector perform" rating for the company in a research report on Thursday. Robert W. Baird reaffirmed a "hold" rating on shares of Healthcare Services Group in a research report on Monday, April 26th. Finally, Stifel Nicolaus initiated coverage on shares of Healthcare Services Group in a research report on Tuesday, June 22nd. They issued a "hold" rating for the company. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Healthcare Services Group presently has a consensus rating of "Hold" and a consensus price target of $31.20.
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.
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