Why Healthcare Services Group Is Being Mauled Today [The Motley Fool]
Healthcare Services Group, Inc. (HCSG)
Last healthcare services group, inc. earnings: 2/11 04:48 pm
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US:NASDAQ Investor Relations:
hcsg.client.shareholder.com
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Source: The Motley Fool
Why Healthcare Services Group Is Being Mauled Today Shares slumped after the company reported results that missed the mark. After reporting second-quarter results that fell short of expectations, shares of Healthcare Services Group ( NASDAQ:HCSG ) -- a provider of outsourced housekeeping and dining services for the healthcare industry -- fell 22% as of 1:15 p.m. EST on Wednesday. The headline numbers from the period were pretty rough: Management stated that the revenue decline was primarily attributable to previously announced customer problems . They also admitted that it remains "a tough environment for the industry." In response to the weak quarterly results, traders are mauling the shares. While it was a rough quarter, there were a few notable bright spots. More than half of Healthcare Services Group customers have been transitioned to an accelerated payment model, which should help with cash collections. Its cost of service also improved 300 basis points sequentially to 86.7%, w
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HCSG
News
- Jim Cramer's 10 Favorite Healthcare Stock Picks in 2024 [Yahoo! Finance]Yahoo! Finance
- A Look At The Intrinsic Value Of Healthcare Services Group, Inc. (NASDAQ:HCSG) [Yahoo! Finance]Yahoo! Finance
- Brillio Welcomes Ashish Singh to its Board of Directors [Yahoo! Finance]Yahoo! Finance
- Returns On Capital At DocCheck (ETR:AJ91) Have Hit The Brakes [Yahoo! Finance]Yahoo! Finance
- BRENTWOOD CAPITAL ADVISORS STRENGTHENS TEAM WITH THE ADDITION OF VETERAN HEALTHCARE INVESTMENT BANKER AND OPERATOR DAN DAVIDSON [Yahoo! Finance]Yahoo! Finance
HCSG
Earnings
- 2/14/24 - Beat
HCSG
Sec Filings
- 4/12/24 - Form PRE
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- HCSG's page on the SEC website