Healthcare Services Group, Inc. (NASDAQ:HCSG) declared a quarterly dividend on Tuesday, January 31st. Stockholders of record on Friday, February 17th will be given a dividend of 0.1863 per share on Friday, March 24th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Wednesday, February 15th. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19.
Healthcare Services Group (NASDAQ:HCSG) opened at 41.27 on Tuesday. Healthcare Services Group has a 12-month low of $33.94 and a 12-month high of $42.18. The stock has a 50 day moving average of $39.65 and a 200-day moving average of $38.81. The company has a market cap of $3.01 billion, a PE ratio of 39.30 and a beta of 0.68.
Healthcare Services Group (NASDAQ:HCSG) last posted its earnings results on Tuesday, February 7th. The company reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. Healthcare Services Group had a return on equity of 23.71% and a net margin of 4.95%. The company had revenue of $398.60 million for the quarter, compared to the consensus estimate of $400.05 million. During the same quarter in the prior year, the company earned $0.13 earnings per share. Healthcare Services Group’s revenue was up 8.9% on a year-over-year basis. On average, equities research analysts anticipate that Healthcare Services Group will post $1.20 earnings per share for the current fiscal year.
In other news, Director Daniel P. Mccartney sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $38.47, for a total value of $3,847,000.00. Following the transaction, the director now owns 2,057,244 shares of the company’s stock, valued at $79,142,176.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.80% of the stock is owned by company insiders.
Separately, Zacks Investment Research downgraded Healthcare Services Group from a “hold” rating to a “sell” rating in a report on Thursday, February 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $42.33.
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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 the healthcare industry. The Company caters to nursing homes, retirement complexes, rehabilitation centers and hospitals located in the United States.
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