Healthcare Services Group (HCSG) is Initiated by Robert W. Baird to Outperform, Price Target at $46

Healthcare Services Group (HCSG) was Initiated by Robert W. Baird to “Outperform” and the brokerage firm has set the Price Target at $46. Robert W. Baird advised their investors in a research report released on Sep 16, 2016.

On the company’s financial health, Healthcare Services Group reported $0.26 EPS for the quarter, based on the information available during the earnings call on Jul 12, 2016. Analyst had a consensus estimate of $0.26. The company had revenue of $386.56 million for the quarter, compared to analysts expectations of $392.26 million. The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

Healthcare Services Group opened for trading at $37.24 and hit $37.58 on the upside on Wednesday, eventually ending the session at $37.56, with a gain of 0.75% or 0.28 points. The heightened volatility saw the trading volume jump to 306,344 shares. Company has a market cap of $2,722 M.

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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