Healthcare Services Group (HCSG) Releases Earnings Results, Reports EPS of $0.27 EPS

Healthcare Services Group (HCSG) announced its most recent quarterly financial results on Tuesday, Oct-11-2016. HCSG reported $0.27 EPS for the quarter. Analysts had a consensus estimate of $0.27. The company posted revenue of $392.70 million in the period, compared to analysts expectations of $394.10 million. HCSG’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

Many Wall Street Analysts have commented on Healthcare Services Group. Robert W. Baird Initiated Healthcare Services Group on Sep 16, 2016 to “Outperform”, Price Target of the shares are set at $46.

Healthcare Services Group (HCSG) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $39.56 and reached the intraday high at $39.685. The bulls started the profit booking and pushed the shares to intraday low of $39.18. The trading session was marked by a volume range of 6,88,281 shares exchanging hands. The 52-week high of the shares is $42.18 and the 52-week low is $31.5. The market cap of the company stands at $2,866 M and there are 7,24,61,000 shares in public circulation.

In a different news, on Jul 20, 2016, Robert L Frome (director) sold 3,365 shares at $38.10 per share price. According to the SEC, on Jun 13, 2016, Robert J Moss (director) sold 7,485 shares at $40.00 per share price. On Jun 7, 2016, John Briggs (director) sold 3,700 shares at $39.25 per share price, according to the Form-4 filing with the securities and exchange commission.

Healthcare Services Group Inc. provides management administrative and operating services to the housekeeping laundry linen facility maintenance and dietary service departments of the health care industry. The Company caters to nursing homes retirement complexes rehabilitation centers and hospitals located in the United States. The Company operates its business in two segments: Housekeeping and Dietary. The Housekeeping segment includes housekeeping laundry and linen. Housekeeping segment also includes laundering and processing the bed linens uniforms and other assorted linen items utilized by a client facility. The Dietary segment includes dietary department services. Dietary consists of managing the client’s dietary department which is principally responsible for food purchasing meal preparation and providing professional dietitian consulting services which includes the development of a menu that meets a patient’s dietary needs.

Healthcare Services Group

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