Revenue Update on Healthcare Services Group(NASDAQ:HCSG)

Healthcare Services Group(NASDAQ:HCSG) announced the earnings results for Fiscal Year 2016 and Q1. The results came in during After-hours on Apr 12, 2016. Company reported revenue of $384.81M. Analysts estimated a revenue of $382.14M. Earnings per share were $0.26. Analysts had estimated an EPS of $0.26.

Healthcare Services Group (HCSG) made into the market gainers list on Fridays trading session with the shares advancing 0.16% or 0.06 points. Due to strong positive momentum, the stock ended at $37.65, which is also near the day’s high of $37.8. The stock began the session at $37.47 and the volume stood at 2,85,664 shares. The 52-week high of the shares is $38.486 and the 52 week low is $29.42. The company has a current market capitalization of $2,717 M and it has 7,21,77,000 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 22, 2016, Dino D Ottaviano (director) sold 1,000 shares at $35.81 per share price.Also, On Mar 9, 2016, Diane S Casey (director) sold 10,004 shares at $35.59 per share price.On Feb 25, 2016, Daniel P Mccartney (director) sold 160,000 shares at $34.88 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.

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