Healthcare Services Group Inc (HCSG) |
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Price: $12.0200
$-0.08
-0.661%
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Day's High:
| $12.12
| Week Perf:
| -2.28 %
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Day's Low: |
$ 11.98 |
30 Day Perf: |
-3.22 % |
Volume (M): |
484 |
52 Wk High: |
$ 15.97 |
Volume (M$): |
$ 5,815 |
52 Wk Avg: |
$12.03 |
Open: |
$12.04 |
52 Wk Low: |
$8.75 |
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Market Capitalization (Millions $) |
887 |
Shares
Outstanding (Millions) |
74 |
Employees |
32,000 |
Revenues (TTM) (Millions $) |
1,671 |
Net Income (TTM) (Millions $) |
38 |
Cash Flow (TTM) (Millions $) |
28 |
Capital Exp. (TTM) (Millions $) |
5 |
Healthcare Services Group Inc
Healthcare Services Group Inc is a company that provides housekeeping, dining, and laundry services to various healthcare facilities in the United States. The company was founded in 1976 and is headquartered in Bensalem, Pennsylvania.
Healthcare Services Group is focused on improving the quality of life for its customers and their residents. The company's mission is to provide the highest quality of service possible to its clients while maintaining a commitment to employee growth and development.
The company provides a wide range of services to its clients, including housekeeping, laundry, and dining services. These services are designed to help healthcare facilities keep their facilities clean, safe, and comfortable for residents and staff alike.
Housekeeping services include daily cleaning of patient rooms, bathrooms, hallways, and common areas. The company uses state-of-the-art cleaning equipment and techniques to ensure that each facility is kept free of germs and bacteria that can cause illness.
Laundry services are also provided by Healthcare Services Group. The company uses high-quality detergents and washers to ensure that each resident's clothing is cleaned and sanitized properly. This ensures that residents are able to maintain a high level of hygiene and cleanliness.
In addition to housekeeping and laundry services, Healthcare Services Group also provides dining services to its clients. The company's food service professionals design and provide menus that are tailored to the specific dietary needs of each patient. The company also provides nutritional education to its clients to help them maintain a healthy diet.
Healthcare Services Group has a strong commitment to employee growth and development. The company provides its employees with training and development opportunities to help them stay up-to-date with the latest cleaning, laundry, and dining techniques. The company also provides a wide range of benefits to its employees, including healthcare coverage, retirement plans, and paid time off.
Overall, Healthcare Services Group is a company that is dedicated to providing high-quality services to its clients. The company's commitment to employee growth and development, as well as its focus on providing tailored services to each client, sets it apart from other service providers in the healthcare industry.
Company Address: 3220 Tillman Drive Bensalem 19020 PA
Company Phone Number: 639-4274 Stock Exchange / Ticker: NASDAQ HCSG
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Stock Performances by Major Competitors |
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Healthcare Services Group Inc
The Healthcare Facilities company recently released its financial results for the October to December 31, 2023 period, showing a mixed bag of numbers. While revenue fell slightly by 0.042% to $423.84 million year-on-year, the company managed to increase its earnings per share significantly by 40.63% to $0.31 per share. This may seem like a contradictory situation, but it's important to look at the bigger picture and compare the company's performance to the overall Healthcare Facilities sector. In contrast to the Healthcare Facilities company's performance, the sector as a whole saw a 21.10% improvement in revenue from the fourth quarter of 2022 to the fourth quarter of 2023. This shows that the industry is growing, despite some individual companies experiencing declines in revenue. Healthcare Services Group Inc, for example, reported a notable increase in earnings, with a profit margin of 5.33% and an operating margin of 5.03% in the October to December 31, 2023 period.
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Healthcare Services Group Inc
Weakening demand has resulted in a deficit for Healthcare Services Group Inc in the fiscal span ending September 30, 2023. The company's revenue experienced a decline of -0.748% to $411.39 million, while the deficit per share was at $-0.07, compared to $0.00 per share in the same financial reporting period the previous year. This is in contrast to the rest of the Healthcare Facilities industry, which saw a 7.58% rise in revenue during the third quarter of 2023 compared to the same period the previous year. In addition to the decline in revenue, Income per Share also fell from $0.12 per share in the preceding financial reporting period. Revenue decreased by -1.801% from $418.93 million. The fiscal span ending September 30, 2023, saw Healthcare Services Group Inc log a net deficit of $-5.494 million, whereas the company had balanced books in the same financial reporting period a year before.
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Healthcare Services Group Inc
Despite a decline in revenue for the financial time-frame ending June 30, 2023, Healthcare Services Group Inc (HCSG) managed to raise its earnings per share, demonstrating the company's ability to improve profitability. Profit per share increased by 33.33% to $0.12, while revenue diminished by -1.395% to $418.93 million compared to the previous year. This slump in revenue is in stark contrast to the overall performance of the Healthcare Facilities sector, which posted a top-line improvement during the same period. In the preceding reporting season, HCSG's income faded from $0.17 per share, but revenue saw a slight surge of 0.408% to $417.23 million. However, when we compare the net earnings from the financial time-frame ending June 30, 2023, with the previous year, there was a notable increase of 26.07%. This growth indicates the company's ability to generate higher profits.
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Healthcare Services Group Inc
Investors in the Healthcare Services Group Inc (HCSG) could be in for a rough ride over the coming months, as the latest earnings report suggests that the company is facing a serious decline in revenues. The January to March 31 2023 time-frame saw revenue sink by -2.245% to $417.23 million year on year, and this is only the beginning of what could be significant negative economic factors facing the company. Despite the shrinking revenue, Healthcare Services Group Inc managed to raise its earnings per share significantly, with EPS growing by 13.33% to $0.17 per share. That may sound like a positive factor, but in reality, it could be masking the larger issues that the company is facing. Earnings per share may have been raised, but it is only due to the company cutting costs in a bid to offset the loss of revenue. This is something which is simply not sustainable over time, as the HCSG needs to continue investing in order to remain competitive in the market.
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Per Share |
Current |
Earnings (TTM) |
0.53 $ |
Revenues (TTM) |
22.64 $
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Cash Flow (TTM) |
0.38 $ |
Cash |
1.26 $
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Book Value |
6.19 $
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Dividend (TTM) |
0 $ |
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Per Share |
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Earnings (TTM) |
0.53 $
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Revenues (TTM) |
22.64 $ |
Cash Flow (TTM) |
0.38 $ |
Cash |
1.26 $
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Book Value |
6.19 $ |
Dividend (TTM) |
0 $ |
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Company Estimates |
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• Revenue Outlook
Healthcare Services Group Inc does not provide revenue guidance.
• Earnings Outlook
Healthcare Services Group Inc does not provide earnings estimates.
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