News coverage about Healthcare Services Group (NASDAQ:HCSG) has been trending very positive recently, AlphaOne Sentiment Analysis reports. The research firm, a subsidiary of Accern, identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Healthcare Services Group earned a daily sentiment score of 0.60 on AlphaOne’s scale. AlphaOne also assigned media coverage about the business services provider an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the company’s share price in the next several days.
HCSG has been the topic of a number of research reports. Stifel Nicolaus raised their target price on shares of Healthcare Services Group from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, May 1st. Jefferies Group LLC reissued a “hold” rating and set a $49.00 target price (up previously from $41.00) on shares of Healthcare Services Group in a research report on Tuesday, June 6th. Finally, Credit Suisse Group initiated coverage on shares of Healthcare Services Group in a research report on Friday, May 19th. They set an “outperform” rating and a $50.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $48.25.
Healthcare Services Group (HCSG) opened at 47.90 on Monday. Healthcare Services Group has a 52-week low of $34.83 and a 52-week high of $50.00. The stock has a market cap of $3.50 billion, a P/E ratio of 43.94 and a beta of 0.57. The firm’s 50-day moving average is $46.90 and its 200-day moving average is $42.72.
Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings results on Tuesday, April 11th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. The company had revenue of $404.50 million for the quarter, compared to analyst estimates of $416.40 million. Healthcare Services Group had a net margin of 5.11% and a return on equity of 23.95%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 earnings per share. Equities research analysts predict that Healthcare Services Group will post $1.21 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, May 19th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Wednesday, May 17th. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.75 dividend on an annualized basis and a yield of 1.57%. Healthcare Services Group’s dividend payout ratio is 67.57%.
In related news, Director Daniel P. Mccartney sold 113,901 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $45.87, for a total transaction of $5,224,638.87. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert L. Frome sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $48.00, for a total transaction of $240,000.00. Following the sale, the director now owns 25,501 shares in the company, valued at $1,224,048. The disclosure for this sale can be found here. Insiders have sold 128,886 shares of company stock worth $5,935,234 over the last 90 days. Insiders own 4.80% of the company’s stock.
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Healthcare Services Group Company Profile
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, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States.
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