Earnings Alert: Healthcare Services Group, Inc. (HCSG) declares financial results and reports a quarterly cash dividend


On 4/12/2017 Healthcare Services Group, Inc. (NASDAQ:HCSG) has shown upward move of +7.99% and ended the last trade at $45.55. The trading volume was recorded to 1.43 million shares as compared to average traded volume of 306.59 thousand shares.

Healthcare Services Group, Inc. (NASDAQ:HCSG) recently declared that revenues for the three months ended March 31, 2017 increased approximately 5% to $404.5 million. Net income for the three months ended March 31, 2017 was $22.0 million, or $0.30 per basic and diluted common share, compared to the three months ended March 31, 2016 net income of $18.6 million, or $0.26 per basic and diluted common share. The Company also announced that it has entered into new service agreements with expected annualized revenues of over $160 million, to begin during the second quarter of 2017. The Company expects the full run rate of this most recent expansion effort to be reflected in the third quarter 2017 results.

The stock’s price is trading higher to its 52 week low of $34.83 with +30.78% and moving  down from its 52 week high price of $46.87 with -2.82%. It touched its peak point at $46.87 and its lowest price point stood at $42.15 in last session after starting the trading at $. Its last finishing price was +7.42% up the SMA50 of $42.40 and +14.52% above from the SMA 200 of $39.78.

In addition, our Board of Directors announced a quarterly cash dividend of $0.18750 per common share, payable on June 23, 2017 to shareholders of record at the close of business on May 19, 2017. This represents the 56th consecutive quarterly cash dividend payment, as well as the 55th consecutive increase since our initiation of quarterly cash dividend payments in 2003.

In the liquidity ratio analysis; Healthcare Services Group, Inc.’s (HCSG) debt to equity ratio was 0.00 while current ratio was 4.10. The company has the institutional ownership of 97.00% while the Beta factor was 0.65. The stock’s RSI amounts to 74.15.

Healthcare Services Group, Inc. provides management, administrative and operating services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of the healthcare industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States.

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Benjamin Phillips is the author of Earnings Section of the site. He presents us an insight into the most recent Earnings news surrounding Wall Street. He has been an independent financial adviser for over 10 years in the city and in recent years turned her experience in finance and passion for journalism into a full time role. He performs earnings analysis of Companies and publicizes valuable information for shareholder community. Benjamin is an accomplished journalist who has a passion for travel. His desire to see the world has taken him to countries around the world and given him the opportunity to report for some of the top news organizations. He holds a Bachelor’s degree in health and fitness from DePaul University and an MBA in Finance from the University of Notre Dame. Email: benjamin@analystsbuzz.com


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