Healthcare Services Group (NASDAQ:HCSG) Releases Earnings Results, Misses Expectations By $0.04 EPS

Healthcare Services Group (NASDAQ:HCSG) posted its quarterly earnings data 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 return on equity of 12.59% and a net margin of 2.95%. Healthcare Services Group updated its Q1 2025 guidance to EPS.

Healthcare Services Group Stock Down 1.6 %

Shares of NASDAQ HCSG traded down $0.18 during midday trading on Wednesday, hitting $10.74. 301,679 shares of the company’s stock were exchanged, compared to its average volume of 388,941. The firm has a market capitalization of $786.78 million, a PE ratio of 15.56 and a beta of 0.56. Healthcare Services Group has a 12 month low of $9.34 and a 12 month high of $13.00. The company’s 50 day moving average price is $11.64 and its 200 day moving average price is $11.24.

Analyst Ratings Changes

A number of equities analysts have recently commented on HCSG shares. StockNews.com upgraded shares of Healthcare Services Group from a “hold” rating to a “buy” rating in a research note on Tuesday. Macquarie initiated coverage on Healthcare Services Group in a research report on Monday, December 16th. They set a “neutral” rating and a $13.00 price target for the company. Benchmark restated a “buy” rating and issued a $17.00 price target on shares of Healthcare Services Group in a research note on Thursday, December 19th. Finally, Robert W. Baird dropped their price objective on Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $13.80.

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 nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.