HCSG - Healthcare Services Group suspends dividend authorizes up to 7.5M shares repurchase

• Healthcare Services Group ( NASDAQ: HCSG ) has suspended the quarterly cash dividend on its shares and authorized an up to 7.5M shares repurchase.
• The company said the move is a a part of its approach to managing capital, and is rebalancing its capital allocation strategy to enhance financial flexibility, invest in organic and inorganic opportunities and accelerate value creation.
• HCSG Q4 GAAP EPS of $0.22 beats by $0.11 and revenue of $424.02M (+0.8% Y/Y) beats by $4.28M.
• Shares were trading ~10% higher during market hours.
• Source: Press Release

For further details see: