Healthcare Services Group (NASDAQ:HCSG) Releases Earnings Results, Misses Expectations By $0.04 EPS

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) issued its quarterly earnings data on Wednesday. The business services provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.04), Zacks reports. Healthcare Services Group had a return on equity of 12.59% and a net margin of 2.95%. Healthcare Services Group updated its Q1 2025 guidance to EPS.

Healthcare Services Group Price Performance

Shares of Healthcare Services Group stock traded down $0.47 during trading on Friday, hitting $10.84. 609,817 shares of the company's stock traded hands, compared to its average volume of 366,333. Healthcare Services Group has a 1 year low of $9.70 and a 1 year high of $13.00. The stock has a market capitalization of $794.46 million, a P/E ratio of 15.71 and a beta of 0.56. The business has a 50-day simple moving average of $11.55 and a 200-day simple moving average of $11.23.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Macquarie assumed coverage on Healthcare Services Group in a research report on Monday, December 16th. They issued a "neutral" rating and a $13.00 price objective on the stock. Robert W. Baird lowered their price target on Healthcare Services Group from $14.00 to $12.00 and set a "neutral" rating on the stock in a research report on Thursday, October 24th. Benchmark reaffirmed a "buy" rating and set a $17.00 price target on shares of Healthcare Services Group in a research note on Thursday, December 19th. Finally, StockNews.com upgraded Healthcare Services Group from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Healthcare Services Group presently has an average rating of "Moderate Buy" and an average target price of $14.00.

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.