S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
NASDAQ:HCSG

Healthcare Services Group - HCSG Stock Forecast, Price & News

$13.96
-0.05 (-0.36%)
(As of 08/5/2022 08:48 PM ET)
Add
Compare
Today's Range
$13.66
$13.99
50-Day Range
$13.93
$18.56
52-Week Range
$13.66
$28.68
Volume
487,900 shs
Average Volume
967,849 shs
Market Capitalization
$1.03 billion
P/E Ratio
34.90
Dividend Yield
6.09%
Price Target
$15.88

Healthcare Services Group MarketRank™ Forecast

Analyst Rating
Hold
1.75 Rating Score
Upside/​Downside
13.7% Upside
$15.88 Price Target
Short Interest
Bearish
11.98% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
56.82%
From $0.44 to $0.69 Per Share

Overall MarketRank

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

1.86 out of 5 stars

Business Services Sector

241st out of 429 stocks

Nursing & Personal Care Facilities Industry

1st out of 6 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 client's facility, as well as laundering and processing of the bed linens, uniforms, resident personal clothing, and other assorted linen items utilized at a client's facility. 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. As of December 31, 2021, the company provided its services to approximately 3,000 facilities. Healthcare Services Group, Inc. was incorporated in 1976 and is based in Bensalem, Pennsylvania.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Credit Suisse Group lowered their target price on shares of Healthcare Services Group to $15.00 in a research note on Friday, July 22nd. Royal Bank of Canada increased their price objective on shares of Healthcare Services Group from $17.00 to $20.00 and gave the company a "sector perform" rating in a report on Thursday, April 21st. Robert W. Baird cut their price objective on shares of Healthcare Services Group from $23.00 to $15.00 in a report on Thursday, July 21st. Finally, StockNews.com raised shares of Healthcare Services Group from a "sell" rating to a "hold" rating in a research note on Tuesday, June 28th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $15.88.

Healthcare Services Group Trading Down 0.4 %

Healthcare Services Group stock opened at $13.96 on Monday. The company has a market cap of $1.03 billion, a P/E ratio of 34.90 and a beta of 0.22. Healthcare Services Group has a 1-year low of $13.66 and a 1-year high of $28.68. The company has a fifty day simple moving average of $16.48 and a 200 day simple moving average of $16.95.

Healthcare Services Group (NASDAQ:HCSG - Get Rating) last released its earnings results on Wednesday, July 20th. The business services provider reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.03). The business had revenue of $424.90 million during the quarter, compared to the consensus estimate of $427.22 million. Healthcare Services Group had a net margin of 1.77% and a return on equity of 6.56%. The firm's revenue for the quarter was up 6.7% on a year-over-year basis. During the same period last year, the business posted $0.13 EPS. On average, equities research analysts forecast that Healthcare Services Group will post 0.44 EPS for the current year.

Healthcare Services Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, August 19th will be paid a dividend of $0.2138 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 6.13%. The ex-dividend date is Thursday, August 18th. This is a boost from Healthcare Services Group's previous quarterly dividend of $0.21. Healthcare Services Group's dividend payout ratio (DPR) is currently 212.50%.

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HCSG Stock News Headlines

Healthcare Services Group (NASDAQ:HCSG) PT Lowered to $15.00
Healthcare Services Group, Inc. (HCSG)
Healthcare Services Group, Inc. Announces...
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HCSG Company Calendar

Ex-Dividend for 6/24 Dividend
5/19/2022
Dividend Payable
6/24/2022
Last Earnings
7/20/2022
Today
8/07/2022
Ex-Dividend for 9/23 Dividend
8/18/2022
Dividend Payable
9/23/2022
Next Earnings (Estimated)
10/19/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Nursing & personal care facilities
Sub-Industry
Diversified Support Services
Current Symbol
NASDAQ:HCSG
CUSIP
42190610
Employees
39,200
Year Founded
1976

Price Target and Rating

Average Stock Price Forecast
$15.88
High Stock Price Forecast
$20.00
Low Stock Price Forecast
$13.50
Forecasted Upside/Downside
+13.7%
Consensus Rating
Hold
Rating Score (0-4)
1.75
Research Coverage
4 Analysts

Profitability

Net Income
$45.86 million
Pretax Margin
2.24%

Debt

Sales & Book Value

Annual Sales
$1.64 billion
Cash Flow
$0.84 per share
Book Value
$6.07 per share

Miscellaneous

Free Float
72,943,000
Market Cap
$1.03 billion
Optionable
Optionable
Beta
0.22

Social Links


Key Executives

  • Mr. Theodore Wahl CPA (Age 48)
    Pres, CEO & Director
    Comp: $1.25M
  • Mr. Andrew W. Kush AAI (Age 44)
    Exec. VP & COO
    Comp: $784.29k
  • Mr. Andrew Brophy (Age 32)
    VP, Controller & Principal Accounting Officer
    Comp: $262.38k
  • Mr. John Christopher Shea CPA (Age 50)
    CPA, M.B.A., MBA, Exec. VP & Chief Admin. Officer
    Comp: $695.26k
  • Mr. Jason J. Bundick (Age 45)
    Exec. VP, Chief Compliance Officer, Gen. Counsel & Sec.
    Comp: $490.25k
  • Mr. Patrick J. Orr Esq. (Age 47)
    Chief Revenue Officer
    Comp: $583.53k
  • Mr. Matthew J. McKee MBA
    Chief Communications Officer
  • Mr. Bryan D. McCartney (Age 61)
    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 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.

What is Healthcare Services Group's stock price forecast for 2022?

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.

How has Healthcare Services Group's stock price performed in 2022?

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
.

When is Healthcare Services Group's next earnings date?

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
.

How were Healthcare Services Group's earnings last quarter?

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.

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

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
.

Is Healthcare Services Group a good dividend stock?

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.

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

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.

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 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
.

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 $13.96.

How much money does Healthcare Services Group make?

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.

How many employees does Healthcare Services Group have?

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

When was Healthcare Services Group founded?

Healthcare Services Group was founded in 1976.

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 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.

This page (NASDAQ:HCSG) was last updated on 8/8/2022 by MarketBeat.com Staff

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