Healthcare Services Group (HCSG) to Release Quarterly Earnings on Wednesday

Healthcare Services Group (NASDAQ:HCSG) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, October 23rd. Analysts expect Healthcare Services Group to post earnings of $0.16 per share for the quarter. Healthcare Services Group has set its Q4 2024 guidance at EPS and its Q3 2024 guidance at EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Healthcare Services Group (NASDAQ:HCSG) last released its earnings results on Wednesday, July 24th. The business services provider reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. Healthcare Services Group had a net margin of 1.82% and a return on equity of 12.58%. The business had revenue of $426.30 million during the quarter, compared to analysts’ expectations of $424.94 million. During the same period last year, the business earned $0.12 earnings per share. The firm’s revenue was up 1.8% on a year-over-year basis. On average, analysts expect Healthcare Services Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Healthcare Services Group Trading Down 1.1 %

NASDAQ:HCSG opened at $10.62 on Monday. Healthcare Services Group has a 1-year low of $8.75 and a 1-year high of $13.00. The firm has a fifty day simple moving average of $10.72 and a 200 day simple moving average of $10.92. The stock has a market capitalization of $782.12 million, a PE ratio of 18.63 and a beta of 0.52.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Benchmark reissued a “buy” rating and issued a $17.00 target price on shares of Healthcare Services Group in a research note on Thursday, July 25th. Royal Bank of Canada cut their price target on Healthcare Services Group from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Finally, Robert W. Baird raised their price target on Healthcare Services Group from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $14.50.

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.