Healthcare Services Group, Inc. (NASDAQ:HCSG) to Post Q4 2024 Earnings of $0.20 Per Share, William Blair Forecasts

Healthcare Services Group, Inc. (NASDAQ:HCSG) – Research analysts at William Blair reduced their Q4 2024 earnings per share estimates for shares of Healthcare Services Group in a report released on Wednesday, April 24th. William Blair analyst R. Daniels now expects that the business services provider will earn $0.20 per share for the quarter, down from their previous forecast of $0.21. The consensus estimate for Healthcare Services Group’s current full-year earnings is $0.77 per share. William Blair also issued estimates for Healthcare Services Group’s FY2025 earnings at $0.85 EPS.

Other analysts have also issued reports about the company. StockNews.com raised Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. UBS Group upped their target price on Healthcare Services Group from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Benchmark boosted their price objective 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. Robert W. Baird upped their price objective on Healthcare Services Group from $10.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Finally, Royal Bank of Canada lifted their target price on Healthcare Services Group from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note 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 MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $14.50.

Healthcare Services Group Trading Down 2.0 %

HCSG opened at $11.00 on Thursday. The company has a market cap of $810.04 million, a P/E ratio of 20.75 and a beta of 0.49. The company has a fifty day moving average price of $12.23 and a two-hundred day moving average price of $10.72. Healthcare Services Group has a 1-year low of $8.75 and a 1-year high of $15.97.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.22 EPS for the quarter, topping the consensus estimate of $0.18 by $0.04. The company had revenue of $423.40 million during the quarter, compared to the consensus estimate of $424.91 million. Healthcare Services Group had a net margin of 2.30% and a return on equity of 10.81%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 EPS.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Azarias Capital Management L.P. boosted its holdings in Healthcare Services Group by 248.8% in the 3rd quarter. Azarias Capital Management L.P. now owns 1,107,788 shares of the business services provider’s stock worth $11,554,000 after buying an additional 790,233 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Healthcare Services Group by 91.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,561,283 shares of the business services provider’s stock worth $16,191,000 after acquiring an additional 744,527 shares during the period. Brandes Investment Partners LP grew its position in shares of Healthcare Services Group by 336.6% in the third quarter. Brandes Investment Partners LP now owns 843,802 shares of the business services provider’s stock valued at $8,801,000 after purchasing an additional 650,545 shares in the last quarter. Heartland Advisors Inc. raised its stake in shares of Healthcare Services Group by 34.5% during the 3rd quarter. Heartland Advisors Inc. now owns 1,597,456 shares of the business services provider’s stock valued at $17,591,000 after purchasing an additional 409,417 shares during the period. Finally, Invenomic Capital Management LP purchased a new stake in Healthcare Services Group during the 4th quarter worth about $4,216,000. Hedge funds and other institutional investors own 97.97% of the company’s stock.

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 nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.