Healthcare Services Group (HCSG) Scheduled to Post Earnings on Wednesday

Healthcare Services Group (NASDAQ:HCSGGet Free Report) is scheduled to announce its 12/31/2023 earnings results before the market opens on Wednesday, February 14th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Healthcare Services Group Price Performance

NASDAQ:HCSG opened at $9.70 on Tuesday. The firm has a 50 day simple moving average of $9.90 and a 200-day simple moving average of $10.49. The firm has a market cap of $716.35 million, a PE ratio of 22.05 and a beta of 0.38. Healthcare Services Group has a 1-year low of $8.75 and a 1-year high of $15.97.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on HCSG shares. Benchmark reissued a “buy” rating and issued a $16.00 price objective on shares of Healthcare Services Group in a research report on Friday, December 22nd. StockNews.com raised shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Monday. Royal Bank of Canada dropped their price target on shares of Healthcare Services Group from $16.00 to $14.00 and set an “outperform” rating for the company in a research report on Thursday, October 26th. Finally, UBS Group began coverage on shares of Healthcare Services Group in a research report on Thursday, November 30th. They set a “neutral” rating and a $11.00 price target for the company. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $13.80.

View Our Latest Analysis on HCSG

Institutional Investors Weigh In On Healthcare Services Group

Large investors have recently made changes to their positions in the business. Advisor Group Holdings Inc. increased its position in shares of Healthcare Services Group by 7.7% in the first quarter. Advisor Group Holdings Inc. now owns 10,992 shares of the business services provider’s stock worth $204,000 after acquiring an additional 782 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of Healthcare Services Group by 21.3% in the second quarter. Captrust Financial Advisors now owns 12,680 shares of the business services provider’s stock valued at $189,000 after purchasing an additional 2,227 shares during the period. Eaton Vance Management boosted its stake in shares of Healthcare Services Group by 27.5% in the first quarter. Eaton Vance Management now owns 10,002 shares of the business services provider’s stock valued at $186,000 after purchasing an additional 2,156 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Healthcare Services Group by 14.4% in the third quarter. Public Employees Retirement System of Ohio now owns 11,127 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 1,399 shares during the period. Finally, Lazard Asset Management LLC boosted its stake in shares of Healthcare Services Group by 11.8% in the third quarter. Lazard Asset Management LLC now owns 11,016 shares of the business services provider’s stock valued at $114,000 after purchasing an additional 1,163 shares during the period. Institutional investors and hedge funds own 97.97% of the company’s stock.

Healthcare Services Group Company Profile

(Get Free Report)

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.

See Also

Earnings History for Healthcare Services Group (NASDAQ:HCSG)

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