William Blair Has Negative Estimate for HCSG FY2025 Earnings

Healthcare Services Group, Inc. (NASDAQ:HCSG) – Research analysts at William Blair lowered their FY2025 earnings estimates for shares of Healthcare Services Group in a research report issued to clients and investors on Wednesday, October 23rd. William Blair analyst R. Daniels now expects that the business services provider will earn $0.84 per share for the year, down from their previous forecast of $0.85. The consensus estimate for Healthcare Services Group’s current full-year earnings is $0.78 per share.

Healthcare Services Group (NASDAQ:HCSG) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Healthcare Services Group had a net margin of 1.82% and a return on equity of 12.58%. The business had revenue of $428.10 million for the quarter, compared to analyst estimates of $429.95 million. During the same period last year, the business posted $0.17 EPS. Healthcare Services Group’s revenue was up 4.1% compared to the same quarter last year.

A number of other research firms have also issued reports on HCSG. Royal Bank of Canada lowered their target price on shares of Healthcare Services Group from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Robert W. Baird lowered their target price on shares of Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Benchmark reiterated a “buy” rating and issued a $17.00 target price on shares of Healthcare Services Group in a research note on Thursday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Healthcare Services Group presently has a consensus rating of “Hold” and an average price target of $14.00.

Healthcare Services Group Trading Up 0.4 %

NASDAQ:HCSG opened at $10.74 on Friday. Healthcare Services Group has a 1 year low of $8.94 and a 1 year high of $13.00. The firm’s fifty day simple moving average is $10.72 and its 200 day simple moving average is $10.87. The firm has a market capitalization of $788.10 million, a PE ratio of 24.98 and a beta of 0.52.

Institutional Trading of Healthcare Services Group

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Healthcare Services Group by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 8,629,517 shares of the business services provider’s stock valued at $89,488,000 after purchasing an additional 167,779 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Healthcare Services Group by 9.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,057,202 shares of the business services provider’s stock worth $21,766,000 after acquiring an additional 181,231 shares during the period. Brandes Investment Partners LP lifted its holdings in shares of Healthcare Services Group by 12.2% during the 2nd quarter. Brandes Investment Partners LP now owns 1,318,045 shares of the business services provider’s stock worth $13,983,000 after acquiring an additional 142,997 shares during the period. Heartland Advisors Inc. lifted its holdings in shares of Healthcare Services Group by 1.6% during the 1st quarter. Heartland Advisors Inc. now owns 1,312,445 shares of the business services provider’s stock worth $16,379,000 after acquiring an additional 20,392 shares during the period. Finally, Azarias Capital Management L.P. lifted its holdings in shares of Healthcare Services Group by 50.7% during the 2nd quarter. Azarias Capital Management L.P. now owns 1,226,773 shares of the business services provider’s stock worth $12,979,000 after acquiring an additional 412,704 shares during the period. 97.97% of the stock is owned by institutional investors.

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.