Healthcare Services Group (NASDAQ:HCSG) Announces Quarterly Earnings Results

Healthcare Services Group (NASDAQ:HCSG) released its earnings results on Wednesday. The business services provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.04), Zacks reports. Healthcare Services Group had a net margin of 2.95% and a return on equity of 12.59%. Healthcare Services Group updated its Q1 2025 guidance to EPS.

Healthcare Services Group Stock Down 2.7 %

Shares of Healthcare Services Group stock traded down $0.29 during mid-day trading on Wednesday, hitting $10.62. The stock had a trading volume of 241,771 shares, compared to its average volume of 383,030. The firm has a market cap of $778.13 million, a P/E ratio of 15.34 and a beta of 0.56. The firm has a 50-day moving average of $11.64 and a two-hundred day moving average of $11.24. Healthcare Services Group has a 12-month low of $9.34 and a 12-month high of $13.00.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Robert W. Baird decreased their price objective on Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, October 24th. StockNews.com upgraded shares of Healthcare Services Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Benchmark reiterated a “buy” rating and issued a $17.00 price objective on shares of Healthcare Services Group in a report on Thursday, December 19th. Finally, Macquarie assumed coverage on Healthcare Services Group in a report on Monday, December 16th. They set a “neutral” rating and a $13.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Healthcare Services Group has a consensus rating of “Moderate Buy” and an average price target of $13.80.

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.