William Blair Has Bearish Estimate for HCSG FY2025 Earnings

Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) - Research analysts at William Blair decreased their FY2025 EPS estimates for shares of Healthcare Services Group in a research note issued on Wednesday, October 23rd. William Blair analyst R. Daniels now expects that the business services provider will post earnings per share of $0.84 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 - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. The firm had revenue of $428.10 million for the quarter, compared to analyst estimates of $429.95 million. Healthcare Services Group had a net margin of 1.82% and a return on equity of 12.58%. The business's quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 earnings per share.

HCSG has been the topic of several other research reports. Robert W. Baird dropped their price target on shares of Healthcare Services Group from $14.00 to $12.00 and set a "neutral" rating on the stock in a research report on Thursday. Royal Bank of Canada cut their target price on Healthcare Services Group from $15.00 to $14.00 and set an "outperform" rating on the stock in a research report on Thursday, July 25th. Finally, Benchmark reiterated a "buy" rating and set a $17.00 price target on shares of Healthcare Services Group in a report on Thursday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $14.00.

Healthcare Services Group Trading Up 0.4 %

HCSG stock traded up $0.04 during trading on Friday, reaching $10.74. 672,674 shares of the stock were exchanged, compared to its average volume of 503,397. The firm's 50 day moving average is $10.72 and its 200 day moving average is $10.89. Healthcare Services Group has a twelve month low of $8.94 and a twelve month high of $13.00. The firm has a market cap of $790.96 million, a P/E ratio of 19.11 and a beta of 0.52.

Institutional Trading of Healthcare Services Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Headlands Technologies LLC bought a new position in Healthcare Services Group during the first quarter valued at $27,000. Financial Management Professionals Inc. bought a new stake in Healthcare Services Group during the first quarter valued at $55,000. PNC Financial Services Group Inc. grew its holdings in shares of Healthcare Services Group by 38.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,186 shares of the business services provider's stock worth $64,000 after purchasing an additional 1,714 shares in the last quarter. Bleakley Financial Group LLC bought a new position in shares of Healthcare Services Group in the 3rd quarter worth $116,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in Healthcare Services Group during the second quarter valued at about $124,000. 97.97% of the stock is owned by hedge funds and other 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.