Latest news with #HCSG
Yahoo
10-07-2025
- Business
- Yahoo
HCSG Provides Update On Client Restructuring, Reiterates 2025 Growth and Cash Flow Expectations
BENSALEM, Pa., July 10, 2025--(BUSINESS WIRE)--Healthcare Services Group, Inc. (NASDAQ:HCSG) today issued the following statement related to the Genesis HealthCare, Inc. ("Genesis") announcement that it had filed for Chapter 11 bankruptcy protection in the Northern District of Texas on July 9, 2025 (the "Petition Date"). HCSG currently provides services to 164 Genesis facilities. Following the Petition Date, HCSG expects to continue its contractual relationship with those Genesis facilities without disruption in service or payments. As of the Petition Date, the estimated accounts and notes receivable balances of Genesis, net of reserves, were $50.0 million and $14.4 million, respectively. As a result of the Genesis filing, HCSG estimates a second quarter non-cash charge of approximately $0.62 per share and a third quarter non-cash charge of approximately $0.03 to $0.04 per share. Ted Wahl, Chief Executive Officer, stated, "We believe the root causes of this action are specific to Genesis and its legacy debt structure. While Genesis had taken steps to strengthen its financial position, they deemed this a necessary step to move forward as a stronger operator in this industry." Mr. Wahl continued, "Overall industry fundamentals remain strong, highlighted by the multidecade demographic tailwind that is now beginning to work its way into the long-term and post-acute care system. The industry's most recent operating trends remain positive as well, with a steady increase in workforce availability, rising occupancy, and a stable reimbursement environment." Mr. Wahl concluded, "And while the Genesis news and resulting impact on our upcoming reported results is disappointing, our 2025 growth plans and cash flow outlook remain strong. We reiterate our previously shared 2025 expectations of mid-single digit revenue growth and $60.0 to $75.0 million of cash flow from operations (excluding the change in payroll accrual). We are confident that continuing to execute on our strategic priorities, supported by our strong business fundamentals, will enable us to further accelerate growth, while delivering sustainable, profitable results." Conference Call and Upcoming Events HCSG is scheduled to release its results for the quarter ended June 30, 2025, on Wednesday, July 23, 2025, before market opening. In conjunction with its release, the Company will host a conference call that same day at 8:30 a.m. Eastern Time to discuss its results The call may be accessed via phone at 1 (800) 715-9871, Conference ID: 9951274. The call will be simultaneously webcast under the "Events & Presentations" section of the Investor Relations page on the Company's website, A replay of the webcast will also be available on the website for one year following the date of the earnings call. About Healthcare Services Group, Inc. Healthcare Services Group (NASDAQ: HCSG) is a leader in managing housekeeping, laundry, dining, and nutritional services within the healthcare industry. With nearly 50 years of experience, HCSG aims to provide improved operational, regulatory, and financial outcomes for our clients. View source version on Contacts Company Contacts: Theodore WahlPresident and Chief Executive Officer Vikas SinghExecutive Vice President and Chief Financial Officer Matthew J. McKeeChief Communications Officer 215-639-4274investor-relations@
Business Wire
10-07-2025
- Business
- Business Wire
HCSG Provides Update On Client Restructuring, Reiterates 2025 Growth and Cash Flow Expectations
BENSALEM, Pa.--(BUSINESS WIRE)--Healthcare Services Group, Inc. (NASDAQ:HCSG) today issued the following statement related to the Genesis HealthCare, Inc. ('Genesis') announcement that it had filed for Chapter 11 bankruptcy protection in the Northern District of Texas on July 9, 2025 (the 'Petition Date'). HCSG currently provides services to 164 Genesis facilities. Following the Petition Date, HCSG expects to continue its contractual relationship with those Genesis facilities without disruption in service or payments. As of the Petition Date, the estimated accounts and notes receivable balances of Genesis, net of reserves, were $50.0 million and $14.4 million, respectively. As a result of the Genesis filing, HCSG estimates a second quarter non-cash charge of approximately $0.62 per share and a third quarter non-cash charge of approximately $0.03 to $0.04 per share. Ted Wahl, Chief Executive Officer, stated, 'We believe the root causes of this action are specific to Genesis and its legacy debt structure. While Genesis had taken steps to strengthen its financial position, they deemed this a necessary step to move forward as a stronger operator in this industry.' Mr. Wahl continued, 'Overall industry fundamentals remain strong, highlighted by the multidecade demographic tailwind that is now beginning to work its way into the long-term and post-acute care system. The industry's most recent operating trends remain positive as well, with a steady increase in workforce availability, rising occupancy, and a stable reimbursement environment.' Mr. Wahl concluded, 'And while the Genesis news and resulting impact on our upcoming reported results is disappointing, our 2025 growth plans and cash flow outlook remain strong. We reiterate our previously shared 2025 expectations of mid-single digit revenue growth and $60.0 to $75.0 million of cash flow from operations (excluding the change in payroll accrual). We are confident that continuing to execute on our strategic priorities, supported by our strong business fundamentals, will enable us to further accelerate growth, while delivering sustainable, profitable results.' Conference Call and Upcoming Events HCSG is scheduled to release its results for the quarter ended June 30, 2025, on Wednesday, July 23, 2025, before market opening. In conjunction with its release, the Company will host a conference call that same day at 8:30 a.m. Eastern Time to discuss its results The call may be accessed via phone at 1 (800) 715-9871, Conference ID: 9951274. The call will be simultaneously webcast under the 'Events & Presentations' section of the Investor Relations page on the Company's website, A replay of the webcast will also be available on the website for one year following the date of the earnings call. About Healthcare Services Group, Inc. Healthcare Services Group (NASDAQ: HCSG) is a leader in managing housekeeping, laundry, dining, and nutritional services within the healthcare industry. With nearly 50 years of experience, HCSG aims to provide improved operational, regulatory, and financial outcomes for our clients.
Yahoo
08-07-2025
- Business
- Yahoo
Palm Valley Capital Fund Added Healthcare Services Group (HCSG) in Q2
Palm Valley Capital Management, an investment management firm, released the 'Palm Valley Capital Fund' second quarter 2025 investor letter. A copy of the letter can be downloaded here. In the second quarter, Palm Valley Capital Fund appreciated 0.82% compared to a 4.90% gain for the S&P SmallCap 600 and a 7.28% rise in the Morningstar Small Cap Total Return Index. Cash was 76.7% of Fund assets at the start of the quarter and 73.6% at the conclusion. Year-to-date, the fund gained 1.39% compared to a 4.46% decline for the S&P SmallCap 600 and a 0.75% rise for the Morningstar Small Cap Index. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second quarter 2025 investor letter, Palm Valley Capital Fund highlighted stocks such as Healthcare Services Group, Inc. (NASDAQ:HCSG). Headquartered in Bensalem, Pennsylvania, Healthcare Services Group, Inc. (NASDAQ:HCSG) engages in managing housekeeping, laundry, linen, facility maintenance, and dietary services within the healthcare sector. The one-month return of Healthcare Services Group, Inc. (NASDAQ:HCSG) was 1.30%, and its shares gained 41.61% of their value over the last 52 weeks. On July 7, 2025, Healthcare Services Group, Inc. (NASDAQ:HCSG) stock closed at $14.77 per share, with a market capitalization of $1.077 billion. Palm Valley Capital Fund stated the following regarding Healthcare Services Group, Inc. (NASDAQ:HCSG) in its second quarter 2025 investor letter: "The Fund acquired four new names during the second quarter: Healthcare Services Group, Inc. (NASDAQ:HCSG), Chord Energy (ticker: CHRD), RPC (ticker: RES), and Papa John's International (ticker: PZZA). An operator overseeing the linen processing operations at a large care facility. Healthcare Services Group, Inc. (NASDAQ:HCSG) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 20 hedge fund portfolios held Healthcare Services Group, Inc. (NASDAQ:HCSG) at the end of the first quarter, compared to 20 in the previous quarter. In the first quarter of 2025, Healthcare Services Group, Inc. (NASDAQ:HCSG) reported revenue of $447.7 million, an increase of 5.7% over the prior year. While we acknowledge the potential of Healthcare Services Group, Inc. (NASDAQ:HCSG) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of HCSG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-06-2025
- Business
- Yahoo
Is Healthcare Services Group (HCSG) Outperforming Other Business Services Stocks This Year?
Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Is Healthcare Services (HCSG) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out. Healthcare Services is a member of the Business Services sector. This group includes 271 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst. The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Healthcare Services is currently sporting a Zacks Rank of #1 (Strong Buy). Within the past quarter, the Zacks Consensus Estimate for HCSG's full-year earnings has moved 13.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger. Our latest available data shows that HCSG has returned about 22.7% since the start of the calendar year. Meanwhile, the Business Services sector has returned an average of -0.3% on a year-to-date basis. This means that Healthcare Services is outperforming the sector as a whole this year. Loop Industries, Inc. (LOOP) is another Business Services stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 30.8%. In Loop Industries, Inc.'s case, the consensus EPS estimate for the current year increased 2.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy). To break things down more, Healthcare Services belongs to the Business - Services industry, a group that includes 26 individual companies and currently sits at #32 in the Zacks Industry Rank. On average, this group has gained an average of 18.3% so far this year, meaning that HCSG is performing better in terms of year-to-date returns. On the other hand, Loop Industries, Inc. belongs to the Technology Services industry. This 130-stock industry is currently ranked #51. The industry has moved +7.5% year to date. Investors with an interest in Business Services stocks should continue to track Healthcare Services and Loop Industries, Inc. These stocks will be looking to continue their solid performance. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Healthcare Services Group, Inc. (HCSG) : Free Stock Analysis Report Loop Industries, Inc. (LOOP) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
21-05-2025
- Business
- Yahoo
Can Healthcare Services (HCSG) Run Higher on Rising Earnings Estimates?
Healthcare Services (HCSG) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company. Analysts' growing optimism on the earnings prospects of this provider of housekeeping, laundry and dietary services to health care facilities is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool -- the Zacks Rank. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. For Healthcare Services, there has been strong agreement among the covering analysts in raising earnings estimates, which has helped push consensus estimates considerably higher for the next quarter and full year. The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: The company is expected to earn $0.20 per share for the current quarter, which represents a year-over-year change of 0%. The Zacks Consensus Estimate for Healthcare Services has increased 5.26% over the last 30 days, as one estimate has gone higher compared to no negative revisions. The company is expected to earn $0.84 per share for the full year, which represents a change of +58.49% from the prior-year number. There has been an encouraging trend in estimate revisions for the current year as well. Over the past month, one estimate has moved up for Healthcare Services versus no negative revisions. This has pushed the consensus estimate 5% higher. The promising estimate revisions have helped Healthcare Services earn a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. Healthcare Services shares have added 57.1% over the past four weeks, suggesting that investors are betting on its impressive estimate revisions. So, you may consider adding it to your portfolio right away to benefit from its earnings growth prospects. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Healthcare Services Group, Inc. (HCSG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
