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Morgan Keegan Maintains Outperform Rating For Healthcare Services Group (HCSG)

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Analysts Robert M. Mains and Chad Vanacore at Morgan Keegan have released an update on Healthcare Services Group (NASDAQ: HCSG). The company reported EPS of $0.17 in its first-quarter, compared with analysts’ estimate of $0.20. Revenue in the quarter was $183.b million, below analysts’ estimate of $185 million.

Given Medicare and Medicaid reimbursement pressures on the nursing homes that Healthcare Services Group serves, analysts expect the company’s ability to save costs through outsourced housekeeping and dietary services to drive new contract signings. Analysts at Morgan Keegan have maintained their Outperform rating for Healthcare Services Group.

 

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Posted-In: Chad Vanacore Morgan Keegan Robert M. MainsAnalyst Color Earnings News Markets Analyst Ratings

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