Healthcare Services Group - HCSG Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Healthcare Services Group in the last twelve months. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street research 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.
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4 equities research analysts have issued 12 month price targets for Healthcare Services Group's shares. 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 year. This suggests a possible upside of 6.8% from the stock's current price.
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Healthcare Services Group's stock was trading at $17.79 at the beginning of the year. Since then, HCSG shares have decreased by 16.5% and is now trading at $14.86.
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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) announced its quarterly earnings data on Wednesday, July, 20th. The business services provider reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by $0.03. The business services provider had revenue of $424.90 million for 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%. Healthcare Services Group's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 earnings per share.

Healthcare Services Group announced a quarterly dividend on Thursday, July 21st. Stockholders 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 5.76%. The ex-dividend date is Thursday, August 18th. This is a boost 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 $0.85 per share and currently has a dividend yield of 5.66%. 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 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 212.50%. 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 123.19% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for HCSG.

335 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.

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 a variety of retail and institutional investors. Top institutional investors include State Street Corp (5.87%), Mackenzie Financial Corp (5.70%), Riverbridge Partners LLC (5.17%), Marathon Asset Management Ltd (3.87%), Royce & Associates LP (2.81%) and Crawford Investment Counsel Inc. (2.19%). 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 $14.86.

Healthcare Services Group (NASDAQ:HCSG) has a market capitalization of $1.10 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.

The company 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 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.