Healthcare Services Group (NASDAQ:HCSG) released its quarterly earnings results on Tuesday. The business services provider reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.16), MarketWatch Earnings reports. Healthcare Services Group had a net margin of 6.00% and a return on equity of 21.85%. The company had revenue of $398.20 million for the quarter, compared to analysts’ expectations of $407.24 million. During the same quarter in the previous year, the company posted $0.31 EPS. The business’s quarterly revenue was down 11.9% on a year-over-year basis.
Shares of NASDAQ:HCSG traded down $0.03 during trading on Thursday, hitting $26.89. The stock had a trading volume of 40,403 shares, compared to its average volume of 569,681. Healthcare Services Group has a 12-month low of $20.05 and a 12-month high of $35.80. The firm has a market capitalization of $2.01 billion, a PE ratio of 19.51 and a beta of 0.42. The business’s 50-day moving average price is $30.97.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 24th. Stockholders of record on Friday, August 20th will be paid a $0.209 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.11%. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, August 19th. Healthcare Services Group’s dividend payout ratio (DPR) is presently 62.88%.
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.
Further Reading: Stop Order Uses For Individual Investors
Receive News & Ratings for Healthcare Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthcare Services Group and related companies with MarketBeat.com's FREE daily email newsletter.