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" HCSG shares. 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 HCSG analyst ratings or view top-rated stocks.

4 equities research analysts have issued 1-year price targets for Healthcare Services Group's stock. Their HCSG share price forecasts range from $13.50 to $20.00. On average, they anticipate the company's stock price to reach $15.88 in the next twelve months. This suggests a possible upside of 23.3% from the stock's current price.
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Healthcare Services Group's stock was trading at $17.79 at the beginning of 2022. Since then, HCSG stock has decreased by 27.7% and is now trading at $12.87.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our HCSG earnings forecast.

Healthcare Services Group, Inc. (NASDAQ:HCSG) released its quarterly earnings data on Wednesday, July, 20th. The business services provider reported $0.09 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 net margin of 1.77% and a trailing twelve-month return on equity of 6.56%. The company's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 EPS.

Healthcare Services Group declared a quarterly dividend on Thursday, July 21st. Investors of record on Friday, August 19th will be given a dividend of $0.2138 per share on Friday, September 23rd. This represents a $0.86 annualized dividend and a dividend yield of 6.64%. The ex-dividend date of this dividend is Thursday, August 18th. This is a positive change from the stock's previous quarterly dividend of $0.21.
Read our dividend analysis for HCSG.

Healthcare Services Group (NASDAQ:HCSG) pays an annual dividend of $0.86 per share and currently has a dividend yield of 6.47%. HCSG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 215.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, HCSG will have a dividend payout ratio of 124.64% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for HCSG.

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.

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 State Street Corp (5.87%), Mackenzie Financial Corp (5.70%), Riverbridge Partners LLC (5.17%), Riverbridge Partners LLC (4.61%), Marathon Asset Management Ltd (3.87%) and Royce & Associates LP (2.81%). Insiders that own company stock include Andrew Kush, Dino D Ottaviano, John Briggs, Michael E Mcbryan and Robert L Frome.
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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.
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One share of HCSG stock can currently be purchased for approximately $12.87.

Healthcare Services Group (NASDAQ:HCSG) has a market capitalization of $953.02 million 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.

The company employs 39,200 workers across the globe.

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.