Healthcare Services Group, Inc (NASDAQ:HCSG) reported on Tuesday that its profit moved up 15% in the Q2.
The offer of housekeeping and food services to hospitals and nursing homes reported that its profit moved up to $11.3 million or 17 cents a share, from $9.8 million or 15 cents a share. The company reported that revenue moved up 26% to $267.1 million from $211.5 million.
FactSet analysts forecasted the corporation to announce a profit of 17 cents a share and revenue of $259.3 million.
Healthcare Services Group also boosted its quarterly dividend to 16.375 cents from 16.25 cents. The dividend is due Aug 24 to shareholders of book on July 27.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. ABM Industries, Inc. (NYSE:ABM) fell -0.87% to settle at $18.25, UniFirst Corp (NYSE:UNF) moved up +0.58% to end at $67.30 while Cintas Corporation (NASDAQ:CTAS) jumped +0.03% to finish on Wednesday at $39.28.
Healthcare Services Group, Inc. (NASDAQ:HCSG) on July 11, 2012 increased +7.39% to the closing price of $21.08. The overall volume in the last trading session was 1.11 million shares. Its fifty two week range was $12.16-$22.08. The total market capitalization remained $1.42 billion.
HCSG is ahead its 52 week low with +77.75% and going forward from its 52 week high price with -3.79%. HCSG last month stock price volatility remained 3.05%. In its share capital HCSG has 67.15 million outstanding shares among them 63.74 million shares have been floated in market exchange. HCSG stock institutional ownership remained 85.18% while insider ownership included 0.20%.
The stock price of HCSG is moving forward from its 20 days moving average with +9.47% and remote positively from 50 days moving average with +6.66%. HCSG current year earnings per share experienced an addition with 9.84% while its current quarter performance remained -1.36%. Company’s beta coefficient included 0.60. Beta factors measures the amount of market risk associated with market trade.
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