Healthcare Services Group - HCSG Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Healthcare Services Group in the last year. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Healthcare Services Group stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HCSG, but not buy additional shares or sell existing shares.
View analyst ratings for Healthcare Services Group or view top-rated stocks.

4 equities research analysts have issued twelve-month price targets for Healthcare Services Group's shares. Their HCSG stock forecasts range from $13.50 to $20.00. On average, they anticipate Healthcare Services Group's share price to reach $15.88 in the next year. This suggests a possible upside of 13.7% from the stock's current price.
View analysts' price targets for Healthcare Services Group or view top-rated stocks among Wall Street analysts.

Healthcare Services Group's stock was trading at $17.79 at the beginning of 2022. Since then, HCSG shares have decreased by 21.5% and is now trading at $13.96.
View the best growth stocks for 2022 here.

Healthcare Services Group is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our earnings forecast for Healthcare Services Group.

Healthcare Services Group, Inc. (NASDAQ:HCSG) announced its quarterly earnings data on Wednesday, July, 20th. The business services provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by $0.03. The business services provider earned $424.90 million during the quarter, compared to analysts' expectations of $427.22 million. Healthcare Services Group had a trailing twelve-month return on equity of 6.56% and a net margin of 1.77%. The business's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.13 EPS.

Healthcare Services Group declared a quarterly dividend on Thursday, July 21st. Shareholders of record on Friday, August 19th will be paid a dividend of $0.2138 per share on Friday, September 23rd. This represents a $0.86 dividend on an annualized basis and a yield of 6.13%. The ex-dividend date of this dividend is Thursday, August 18th. This is a boost from Healthcare Services Group's previous quarterly dividend of $0.21.
View Healthcare Services Group's dividend history.

Healthcare Services Group(NASDAQ:HCSG) pays an annual dividend of $0.85 per share and currently has a dividend yield of 6.09%. HCSG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Healthcare Services Group has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Healthcare Services Group is 212.50%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Healthcare Services Group will have a dividend payout ratio of 123.19% in the coming year. This indicates that Healthcare Services Group may not be able to sustain their current dividend.
View Healthcare Services Group's dividend history.

335 employees have rated Healthcare Services Group CEO Ted Wahl on Glassdoor.com. Ted Wahl has an approval rating of 72% among Healthcare Services Group's employees.

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).

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

Healthcare Services Group's stock is owned by many different retail and institutional investors. Top institutional investors include Riverbridge Partners LLC (5.17%), Marathon Asset Management Ltd (3.87%), Royce & Associates LP (2.81%), Victory Capital Management Inc. (1.85%), Russell Investments Group Ltd. (1.21%) and Allspring Global Investments Holdings LLC (1.00%). Company insiders that own Healthcare Services Group stock include Andrew Kush, Dino D Ottaviano, John Briggs, Michael E Mcbryan and Robert L Frome.
View institutional ownership trends for 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.

One share of HCSG stock can currently be purchased for approximately $13.96.

Healthcare Services Group (NASDAQ:HCSG) has a market capitalization of $1.03 billion and generates $1.64 billion in revenue each year. The business services provider earns $45.86 million in net income (profit) each year or $0.40 on an earnings per share basis.

Healthcare Services Group employs 39,200 workers across the globe.

Healthcare Services Group was founded in 1976.

Healthcare Services Group's mailing address is 3220 TILLMAN DRIVE SUITE 300, BENSALEM PA, 19020. The official website for Healthcare Services Group 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.