Healthcare Services Group 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 4 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.
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Wall Street analysts have given Healthcare Services Group a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Healthcare Services Group wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Healthcare Services Group saw a decrease in short interest in July. As of July 15th, there was short interest totaling 8,900,000 shares, a decrease of 17.4% from the June 30th total of 10,780,000 shares. Based on an average trading volume of 500,400 shares, the days-to-cover ratio is presently 17.8 days. Approximately 12.0% of the company's shares are sold short.
View Healthcare Services Group's Short Interest.

Healthcare Services Group is scheduled to release its next quarterly earnings announcement on Wednesday, October 20th 2021.
View our earnings forecast for Healthcare Services Group.

Healthcare Services Group, Inc. (NASDAQ:HCSG) announced its quarterly earnings data on Tuesday, July, 20th. The business services provider reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by $0.16. The business services provider had revenue of $398.20 million for the quarter, compared to analyst estimates of $407.24 million. Healthcare Services Group had a net margin of 5.38% and a trailing twelve-month return on equity of 18.60%. Healthcare Services Group's quarterly revenue was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 EPS.
View Healthcare Services Group's earnings history.

Healthcare Services Group's stock was trading at $21.89 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, HCSG shares have increased by 19.2% and is now trading at $26.10.
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Healthcare Services Group announced a quarterly dividend on Wednesday, July 21st. Shareholders of record on Friday, August 20th will be paid a dividend of $0.209 per share on Friday, September 24th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Thursday, August 19th. This is an increase from Healthcare Services Group's previous quarterly dividend of $0.21.
View Healthcare Services Group's dividend history.

Healthcare Services Group pays an annual dividend of $0.83 per share and currently has a dividend yield of 3.18%. Healthcare Services Group has been increasing its dividend for 17 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Healthcare Services Group is 62.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Healthcare Services Group will have a dividend payout ratio of 70.94% next year. This indicates that Healthcare Services Group will be able to sustain or increase its dividend.
View Healthcare Services Group's dividend history.

4 Wall Street analysts have issued 12 month target prices for Healthcare Services Group's shares. Their forecasts range from $29.00 to $31.00. On average, they anticipate Healthcare Services Group's stock price to reach $30.00 in the next year. This suggests a possible upside of 14.9% from the stock's current price.
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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.

Some companies that are related to Healthcare Services Group include Cintas (CTAS), Copart (CPRT), Iron Mountain (IRM), UniFirst (UNF), KAR Auction Services (KAR), McGrath RentCorp (MGRC), Viad (VVI) and Performant Financial (PFMT).
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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), The Boeing (BA), Cisco Systems (CSCO), Ford Motor (F), The Home Depot (HD), NVIDIA (NVDA), Starbucks (SBUX) and The Procter & Gamble (PG).

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

Healthcare Services Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Marathon Asset Management LLP (2.08%), Confluence Investment Management LLC (1.01%), Scout Investments Inc. (0.28%), Granite Investment Partners LLC (0.24%), Alliancebernstein L.P. (0.24%) and Avalon Investment & Advisory (0.23%). Company insiders that own Healthcare Services Group stock include Andrew Kush, Dino D Ottaviano, Michael E Mcbryan and Robert L Frome.
View institutional ownership trends for Healthcare Services Group.

HCSG stock was sold by a variety of institutional investors in the last quarter, including Marathon Asset Management LLP, Confluence Investment Management LLC, Scout Investments Inc., State of Michigan Retirement System, and Alliancebernstein L.P.. Company insiders that have sold Healthcare Services Group company stock in the last year include Andrew Kush, Dino D Ottaviano, Michael E Mcbryan, and Robert L Frome.
View insider buying and selling activity for Healthcare Services Group or view top insider-selling stocks.

HCSG stock was acquired by a variety of institutional investors in the last quarter, including Avalon Investment & Advisory, Versor Investments LP, Legacy Capital Partners Inc., Icon Wealth Partners LLC, New Mexico Educational Retirement Board, NEXT Financial Group Inc, Granite Investment Partners LLC, and Cardinal Capital Management.
View insider buying and selling activity for Healthcare Services Group or or view top insider-buying stocks.

Shares of HCSG 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 $26.10.

Healthcare Services Group has a market capitalization of $1.95 billion and generates $1.76 billion in revenue each year. The business services provider earns $98.68 million in net income (profit) each year or $1.32 on an earnings per share basis.

Healthcare Services Group employs 44,200 workers across the globe.

The official website for Healthcare Services Group is www.hcsgcorp.com.

Healthcare Services Group is headquartered at 3220 TILLMAN DRIVE SUITE 300, BENSALEM PA, 19020.

Healthcare Services Group's mailing address is 3220 TILLMAN DRIVE SUITE 300, BENSALEM PA, 19020. The business services provider can be reached via phone at 215-639-4274 or via email at [email protected]