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NASDAQ:HCSG

Healthcare Services Group (HCSG) Stock Forecast, Price & News

$10.59
-0.12 (-1.12%)
(As of 09/28/2023 ET)
Compare
Today's Range
$10.54
$10.85
50-Day Range
$10.42
$14.69
52-Week Range
$10.35
$15.97
Volume
610,621 shs
Average Volume
834,467 shs
Market Capitalization
$785.67 million
P/E Ratio
20.77
Dividend Yield
N/A
Price Target
$15.50

Healthcare Services Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
46.4% Upside
$15.50 Price Target
Short Interest
Healthy
3.18% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.85mentions of Healthcare Services Group in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$15,005 Bought Last Quarter
Proj. Earnings Growth
30.16%
From $0.63 to $0.82 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.78 out of 5 stars

Business Services Sector

59th out of 321 stocks

Nursing & Personal Care Facilities Industry

1st out of 4 stocks


HCSG stock logo

About Healthcare Services Group (NASDAQ:HCSG) Stock

Healthcare Services Group, Inc. provides management, administrative, and operating services to the housekeeping, laundry, linen, facility maintenance, and dietary service departments of nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary. The Housekeeping segment engages in the cleaning, disinfecting, and sanitizing of resident rooms and common areas of the customers' facilities, as well as laundering and processing of the bed linens, uniforms, resident personal clothing, and other assorted linen items utilized at the customers' facilities. The Dietary segment provides food purchasing, meal preparation, and professional dietitian services, which include the development of menus that meet the dietary needs of residents. This segment also offers on-site management and clinical consulting services to facilities. Healthcare Services Group, Inc. was incorporated in 1976 and is based in Bensalem, Pennsylvania.

HCSG Price History

HCSG Stock News Headlines

RBC Capital Reaffirms Their Buy Rating on Healthcare Services (HCSG)
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Healthcare Services (HCSG) Receives a Buy from RBC Capital
HCSG - Healthcare Services Group, Inc.
RBC Capital Keeps Their Buy Rating on Healthcare Services (HCSG)
Health Care Services Group Is a Possible Triple Bagger
HCSG Crosses Above Average Analyst Target
See More Headlines
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HCSG Company Calendar

Last Earnings
7/26/2023
Today
9/28/2023
Next Earnings (Confirmed)
10/25/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Nursing & personal care facilities
Sub-Industry
Diversified Support Services
Current Symbol
NASDAQ:HCSG
CUSIP
42190610
Employees
35,700
Year Founded
1976

Price Target and Rating

Average Stock Price Forecast
$15.50
High Stock Price Forecast
$18.00
Low Stock Price Forecast
$14.00
Forecasted Upside/Downside
+46.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$34.63 million
Pretax Margin
2.99%

Debt

Sales & Book Value

Annual Sales
$1.69 billion
Cash Flow
$0.70 per share
Book Value
$5.75 per share

Miscellaneous

Free Float
72,934,000
Market Cap
$785.67 million
Optionable
Optionable
Beta
0.41

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Key Executives

  • Mr. Theodore Wahl CPA (Age 49)
    Pres, CEO & Director
    Comp: $1.39M
  • Mr. Andrew W. Kush AAI (Age 45)
    Exec. VP & COO
    Comp: $764.23k
  • Mr. Andrew M. Brophy CPA (Age 33)
    VP, Controller & Principal Accounting Officer
    Comp: $285.44k
  • Mr. John Christopher Shea CPA (Age 51)
    CPA, M.B.A., MBA, Exec. VP & Chief Admin. Officer
    Comp: $694.67k
  • Mr. Patrick J. Orr Esq. (Age 48)
    EVP & Chief Revenue Officer
    Comp: $616.29k
  • Mr. Jason J. Bundick Esq. (Age 46)
    Exec. VP, Chief Compliance Officer, Gen. Counsel & Sec.
  • Mr. Matthew J. McKee MBA
    Chief Communications Officer
  • Mr. Bryan D. McCartney (Age 62)
    Exec. VP













HCSG Stock - Frequently Asked Questions

Should I buy or sell Healthcare Services Group stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Healthcare Services Group in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" HCSG shares.
View HCSG analyst ratings
or view top-rated stocks.

What is Healthcare Services Group's stock price forecast for 2023?

4 brokers have issued 1 year price objectives for Healthcare Services Group's stock. Their HCSG share price forecasts range from $14.00 to $18.00. On average, they anticipate the company's share price to reach $15.50 in the next twelve months. This suggests a possible upside of 46.4% from the stock's current price.
View analysts price targets for HCSG
or view top-rated stocks among Wall Street analysts.

How have HCSG shares performed in 2023?

Healthcare Services Group's stock was trading at $12.00 at the start of the year. Since then, HCSG shares have decreased by 11.8% and is now trading at $10.59.
View the best growth stocks for 2023 here
.

Are investors shorting Healthcare Services Group?

Healthcare Services Group saw a increase in short interest in September. As of September 15th, there was short interest totaling 2,340,000 shares, an increase of 5.9% from the August 31st total of 2,210,000 shares. Based on an average trading volume of 759,400 shares, the short-interest ratio is currently 3.1 days. Currently, 3.2% of the shares of the stock are short sold.
View Healthcare Services Group's Short Interest
.

When is Healthcare Services Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our HCSG earnings forecast
.

How can I listen to Healthcare Services Group's earnings call?

Healthcare Services Group will be holding an earnings conference call on Wednesday, October 25th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Healthcare Services Group's earnings last quarter?

Healthcare Services Group, Inc. (NASDAQ:HCSG) released its earnings results on Wednesday, July, 26th. The business services provider reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.18 by $0.06. The business services provider had revenue of $418.93 million for the quarter, compared to analyst estimates of $418.71 million. Healthcare Services Group had a net margin of 2.26% and a trailing twelve-month return on equity of 8.68%. The business's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 EPS.

How often does Healthcare Services Group pay dividends? What is the dividend yield for Healthcare Services Group?

Healthcare Services Group announced a quarterly dividend on Wednesday, October 19th. Stockholders of record on Friday, November 18th will be given a dividend of $0.215 per share on Thursday, December 22nd. This represents a $0.86 dividend on an annualized basis and a dividend yield of 8.12%. The ex-dividend date is Thursday, November 17th. This is a boost from the stock's previous quarterly dividend of $0.21.
Read our dividend analysis for HCSG
.

What ETFs hold Healthcare Services Group's stock?

ETFs with the largest weight of Healthcare Services Group (NASDAQ:HCSG) stock in their portfolio include Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD).Cultivar ETF (CVAR).

What is Ted Wahl's approval rating as Healthcare Services Group's CEO?

533 employees have rated Healthcare Services Group Chief Executive Officer Ted Wahl on Glassdoor.com. Ted Wahl has an approval rating of 72% among the company's employees. 51.0% of employees surveyed would recommend working at Healthcare Services Group to a friend.

What other stocks do shareholders of Healthcare Services Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Healthcare Services Group investors own include Energy Transfer (ET), Gilead Sciences (GILD), Pfizer (PFE), Boeing (BA), Cisco Systems (CSCO), Ford Motor (F), Home Depot (HD), NVIDIA (NVDA), Starbucks (SBUX) and Procter & Gamble (PG).

What is Healthcare Services Group's stock symbol?

Healthcare Services Group trades on the NASDAQ under the ticker symbol "HCSG."

Who are Healthcare Services Group's major shareholders?

Healthcare Services Group's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (17.48%), Mackenzie Financial Corp (5.56%), State Street Corp (3.74%), Royce & Associates LP (3.10%), Riverbridge Partners LLC (2.55%) and Marathon Asset Management Ltd (2.36%). Insiders that own company stock include Andrew Kush, Andrew M Brophy, Dino D Ottaviano, John Briggs, Kurt Simmons Jr, Michael E Mcbryan and Robert L Frome.
View institutional ownership trends
.

How do I buy shares of Healthcare Services Group?

Shares of HCSG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Healthcare Services Group's stock price today?

One share of HCSG stock can currently be purchased for approximately $10.59.

How much money does Healthcare Services Group make?

Healthcare Services Group (NASDAQ:HCSG) has a market capitalization of $785.67 million and generates $1.69 billion in revenue each year. The business services provider earns $34.63 million in net income (profit) each year or $0.51 on an earnings per share basis.

How many employees does Healthcare Services Group have?

The company employs 35,700 workers across the globe.

How can I contact Healthcare Services Group?

Healthcare Services Group's mailing address is 3220 TILLMAN DRIVE SUITE 300, BENSALEM PA, 19020. The official website for the company is www.hcsgcorp.com. The business services provider can be reached via phone at (215) 639-4274, via email at investor-relations@hcsgcorp.com, or via fax at 215-639-2152.

This page (NASDAQ:HCSG) was last updated on 9/28/2023 by MarketBeat.com Staff

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