News stories about Healthcare Services Group (NASDAQ:HCSG) have been trending positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Healthcare Services Group earned a coverage optimism score of 0.26 on Accern’s scale. Accern also assigned news coverage about the business services provider an impact score of 46.4403478755053 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Healthcare Services Group, Inc. (HCSG) Director Sells $67,725.00 in Stock (americanbankingnews.com)
- Healthcare Services Group, Inc., (NASDAQ: HCSG) – Hot Stock of the Day – Stock Watch (stocksnewstimes.com)
- Healthcare Services Group, Inc. (HCSG) Stocks Try To Grab Potential – Investing News Update (investingbizz.com)
- What is Behind Healthcare Services Group Inc’s (NASDAQ:HCSG) Superior ROE? (finance.yahoo.com)
Healthcare Services Group (NASDAQ HCSG) opened at $44.50 on Tuesday. The stock has a market cap of $3,356.81, a PE ratio of 37.71, a price-to-earnings-growth ratio of 2.48 and a beta of 0.79. Healthcare Services Group has a one year low of $41.05 and a one year high of $56.20.
Healthcare Services Group (NASDAQ:HCSG) last posted its earnings results on Tuesday, February 6th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.04). The company had revenue of $499.41 million for the quarter, compared to the consensus estimate of $499.37 million. Healthcare Services Group had a net margin of 4.73% and a return on equity of 23.17%. Healthcare Services Group’s revenue was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.28 EPS. equities analysts forecast that Healthcare Services Group will post 1.67 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, February 16th will be paid a dividend of $0.1913 per share. The ex-dividend date is Thursday, February 15th. This represents a $0.77 annualized dividend and a yield of 1.72%. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s dividend payout ratio is currently 64.41%.
Several analysts recently commented on HCSG shares. BidaskClub downgraded shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Zacks Investment Research upgraded shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Tuesday, February 6th. Finally, Robert W. Baird cut shares of Healthcare Services Group from an “outperform” rating to a “neutral” rating and set a $52.00 target price on the stock. in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $55.20.
In other Healthcare Services Group news, Director Dino D. Ottaviano sold 1,500 shares of the company’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $45.15, for a total transaction of $67,725.00. Following the transaction, the director now owns 2,044 shares in the company, valued at approximately $92,286.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.30% of the stock is currently owned by corporate insiders.
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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 the healthcare industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States.
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