Healthcare Services Group, Inc. (NASDAQ:HCSG) is reporting third quarter earnings results on Wednesday 21st October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.27 per share.
For the full year, analysts predict revenues of $ 1775.05 million, while looking forward to income of $ 1.13 per share.
Previous Quarter Performance
Healthcare Services Group, Inc. recorded income for the second quarter of $ 0.31 per share, from the revenue of $ 452.03 million. The quarterly earnings improved 10.71 percent while revenues dropped 2.18 percent compared with the same quarter last year.
Wall street analysts are predicting, HCSG to report 2Q20 income of $ 0.26 per share from revenue of $ 449.41 million. The bottom line results beat street analysts by $ 0.05 or 19.23 percent, at the same time, top line results outshined analysts by $ 2.62 million or 0.58 percent.
Stock Performance
Shares of Healthcare Services Group, Inc. traded low $ -0.17 or -0.73 percent on Tuesday, reaching $ 23.24 with volume of 353.00 thousand shares. Healthcare Services Group, Inc. has traded high as $ 23.62 and has cracked $ 23.11 on the downward trend
The closing price of $ 23.24, representing a 48.16 % increase from the 52 week low of $ 15.80 and a 25.21 % decrease over the 52 week high of $ 31.30.
The company has a market capital of $ 1.73 billion and is part of the Industrials sector and Business Services industry.
Recent Stock Dividend Announcement
On July 21, 2020, the board of directors authorized quarterly dividend of $ 0.2037 per share to holders of record as of the close of business on August 21, 2020, with payment date of September 25, 2020 and ex-dividend date on August 20, 2020.
Conference Call
Healthcare Services Group, Inc. will be hosting a conference call at 8:30 AM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.hcsgcorp.com
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.
