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Stock Market & Financial Investment News

News Breaks
July 9, 2014
10:33 EDTHCSGHealthcare Services shares defended at RBC Capital
News For HCSG From The Last 14 Days
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February 2, 2016
16:38 EDTHCSGHealthcare Services reports Q4 EPS 13c with items, consensus 26c
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January 26, 2016
16:36 EDTHCSGHealthcare Services sees 13c-14c unfavorable impact to FY15 EPS
In connection with the financial results to be reported in the upcoming release, Healthcare Services has, while denying any violations, agreed to mediated settlements regarding certain labor and employment related matters. The company estimates that such settlements, and related costs and expenses will unfavorably impact FY15 financial results by approximately 13c-14c per diluted common share. The Consolidated Appropriations Act, 2016 signed into law on December 18, 2015, included provisions that addressed the expiration of certain business tax extenders. Specifically, the Act reinstated the Work Opportunity Tax Credit, or WOTC, program from January 1, 2015 through December 31, 2019. The company expects the reinstatement of the WOTC to favorably impact its income tax rate and related financial results in 2015 as well as subsequent periods, through 2019. Additionally, as a continuation of its strong top-line momentum from 2015, the company announced it has recently entered into service agreements, to be phased in during Q1, with annual revenues of over $70M. The company expects the impact of these new service agreements to be fully reflected in Q2 results.
16:33 EDTHCSGHealthcare Services raises Q4 dividend to 18.13c per share
Healthcare Services's board has declared a quarterly cash dividend of 18.13c per common share, payable on March 25, to shareholders of record at the close of business on February 19.

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