Healthcare Services Group (NASDAQ:HCSG - Get Free Report) announced its quarterly earnings data on Wednesday. The business services provider reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.04, Briefing.com reports. The firm had revenue of $423.40 million during the quarter, compared to the consensus estimate of $424.91 million. Healthcare Services Group had a return on equity of 10.81% and a net margin of 2.30%. The business's revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.17 EPS.
Healthcare Services Group Stock Performance
Shares of NASDAQ HCSG traded down $0.22 during mid-day trading on Thursday, reaching $11.00. 495,709 shares of the company traded hands, compared to its average volume of 532,493. The stock has a market cap of $810.04 million, a PE ratio of 21.11 and a beta of 0.49. The company's fifty day moving average is $12.23 and its two-hundred day moving average is $10.72. Healthcare Services Group has a fifty-two week low of $8.75 and a fifty-two week high of $15.97.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on HCSG. Robert W. Baird increased their price objective on Healthcare Services Group from $10.00 to $13.00 and gave the stock a "neutral" rating in a research note on Thursday, February 15th. UBS Group increased their price objective on Healthcare Services Group from $11.00 to $13.00 and gave the stock a "neutral" rating in a research note on Thursday, February 15th. StockNews.com raised Healthcare Services Group from a "sell" rating to a "hold" rating in a research note on Thursday, February 22nd. Benchmark upped their target price on Healthcare Services Group from $16.00 to $17.00 and gave the stock a "buy" rating in a research report on Thursday, February 15th. Finally, Royal Bank of Canada upped their target price on Healthcare Services Group from $14.00 to $15.00 and gave the stock an "outperform" rating in a research report on Thursday, February 15th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $14.50.
Get Our Latest Stock Analysis on HCSG
About Healthcare Services Group
(
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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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