Healthcare Services Group (NASDAQ:HCSG) Announces Quarterly Earnings Results

Healthcare Services Group (NASDAQ:HCSG) announced its quarterly earnings data on Wednesday. The business services provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.04), Zacks reports. Healthcare Services Group had a net margin of 2.95% and a return on equity of 12.59%. Healthcare Services Group updated its Q1 2025 guidance to EPS.

Healthcare Services Group Price Performance

HCSG opened at $10.71 on Thursday. Healthcare Services Group has a 1-year low of $9.34 and a 1-year high of $13.00. The stock has a market cap of $784.94 million, a P/E ratio of 15.52 and a beta of 0.56. The stock’s 50 day simple moving average is $11.60 and its 200 day simple moving average is $11.24.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Benchmark reiterated a “buy” rating and set a $17.00 price target on shares of Healthcare Services Group in a research note on Thursday, December 19th. StockNews.com upgraded Healthcare Services Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Macquarie started coverage on Healthcare Services Group in a report on Monday, December 16th. They issued a “neutral” rating and a $13.00 price target for the company. 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 report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $13.80.

Healthcare Services Group Company Profile

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.