Morgan Keegan Slightly Lowers Estimates On Healthcare Services Group

According to Morgan Keegan, Healthcare Services HCSG estimates are slightly lowered. Morgan Keegan said that Healthcare Services Group reported second quarter EPS of $0.15, matching the estimate. “Due to lower-than-expected margins, we are lowering our 2011 and 2012 EPS estimates slightly. We are lowering our 2011 estimate from $0.59 to $0.57 and our 2012 estimate from $0.71 to $0.68. We are lowering our price target slightly, from $19.25 to $19.00.” Healthcare Services closed yesterday at $17.57.