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NASDAQ:HCSG

Healthcare Services Group - HCSG Stock Forecast, Price & News

$13.37
-0.10 (-0.74%)
(As of 02/1/2023 02:27 PM ET)
Add
Compare
Today's Range
$13.35
$13.64
50-Day Range
$12.00
$13.95
52-Week Range
$11.55
$20.54
Volume
195,325 shs
Average Volume
574,030 shs
Market Capitalization
$990.58 million
P/E Ratio
49.52
Dividend Yield
6.63%
Price Target
$14.50

Healthcare Services Group MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
8.1% Upside
$14.50 Price Target
Short Interest
Healthy
5.07% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.50mentions of Healthcare Services Group in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
63.89%
From $0.36 to $0.59 Per Share

Overall MarketRank

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

2.26 out of 5 stars

Business Services Sector

136th out of 327 stocks

Nursing & Personal Care Facilities Industry

2nd out of 4 stocks


HCSG stock logo

About Healthcare Services Group (NASDAQ:HCSG) Stock

Healthcare Services Group, Inc. engages in the provision of keeping, laundry, and dietary services to long-term care and related health care facilities. It operates through the following business segments: Housekeeping and Dietary. The Housekeeping segment consists of the management of the client's housekeeping department, which is responsible for the cleaning, disinfecting, and sanitizing of patient rooms and common areas of a client facility, as well as the laundering and processing of the personal clothing belonging to the facility's patients. The Dietary segment includes the management of the client's dietary department, which is responsible for food purchasing, meal preparation, and the provision of dietician consulting professional services. The company was founded by Daniel P. McCartney on November 22, 1976 and is headquartered in Bensalem, PA.

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HCSG Stock News Headlines

Medical and Health Services Manager
Huge Upside Potential With "Staggering" Solar Demand
Global solar demand is "staggering" right now, according to Bloomberg. Solar installations are set to grow 30% this year alone. And the boom is just beginning, with increasing adoption of solar by commercial, non-profit, and public entities. With only 1% of commercial electricity demand served by on-site solar globally, there is HUGE opportunity for growth.
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Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
Healthcare Services Group, Inc. Reports Q3 2022 Results
Healthcare Services Group Earnings Preview
HCSG Healthcare Services Group, Inc.
See More Headlines
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HCSG Company Calendar

Last Earnings
10/19/2021
Ex-Dividend for 12/22 Dividend
11/17/2022
Dividend Payable
12/22/2022
Today
2/01/2023
Next Earnings (Estimated)
2/08/2023
Fiscal Year End
12/31/2023

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
$14.50
High Stock Price Forecast
$18.00
Low Stock Price Forecast
$12.00
Forecasted Upside/Downside
+8.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

Net Income
$45.86 million
Pretax Margin
1.58%

Debt

Sales & Book Value

Annual Sales
$1.64 billion
Cash Flow
$0.87 per share
Book Value
$6.07 per share

Miscellaneous

Free Float
72,977,000
Market Cap
$990.58 million
Optionable
Optionable
Beta
0.38

Social Links


Key Executives

  • Theodore Wahl
    President, Chief Executive Officer & Director
  • Andrew W. Kush
    Chief Operating Officer & Executive Vice President
  • Jason J. Bundick
    Secretary, Chief Compliance Officer & Executive VP
  • Patrick J. Orr
    Chief Revenue Officer & Executive Vice President
  • John Christopher Shea
    Chief Administrative Officer













HCSG Stock - Frequently Asked Questions

Should I buy or sell Healthcare Services Group stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Healthcare Services Group in the last year. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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.
View HCSG analyst ratings
or view top-rated stocks.

What is Healthcare Services Group's stock price forecast for 2023?

4 analysts have issued 12-month price targets for Healthcare Services Group's stock. Their HCSG share price forecasts range from $12.00 to $18.00. On average, they anticipate the company's share price to reach $14.50 in the next twelve months. This suggests a possible upside of 7.6% from the stock's current price.
View analysts price targets for HCSG
or view top-rated stocks among Wall Street analysts.

How have HCSG shares performed in 2023?

Healthcare Services Group's stock was trading at $12.00 at the beginning of 2023. Since then, HCSG stock has increased by 12.3% and is now trading at $13.47.
View the best growth stocks for 2023 here
.

When is Healthcare Services Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our HCSG earnings forecast
.

How were Healthcare Services Group's earnings last quarter?

Healthcare Services Group, Inc. (NASDAQ:HCSG) released its quarterly earnings data on Tuesday, October, 19th. The business services provider reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by $0.13. The business services provider had revenue of $415.60 million for the quarter, compared to analysts' expectations of $410.48 million. Healthcare Services Group had a trailing twelve-month return on equity of 4.68% and a net margin of 1.22%. Healthcare Services Group's quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.37 earnings per share.

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 Wednesday, October 19th. Investors of record on Friday, November 18th will be given a dividend of $0.215 per share on Thursday, December 22nd. This represents a $0.86 annualized dividend and a dividend yield of 6.38%. The ex-dividend date of this dividend is Thursday, November 17th. This is a positive change from the stock's previous quarterly dividend of $0.21.
Read our dividend analysis for HCSG
.

Is Healthcare Services Group a good dividend stock?

Healthcare Services Group (NASDAQ:HCSG) pays an annual dividend of $0.86 per share and currently has a dividend yield of 6.57%. 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 19 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 318.52%. 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 145.76% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for HCSG.

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

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.

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 a number of institutional and retail investors. Top institutional shareholders include Riverbridge Partners LLC (2.86%), New York State Common Retirement Fund (0.49%), Confluence Investment Management LLC (0.29%), Bridge City Capital LLC (0.17%), Yousif Capital Management LLC (0.06%) and Comerica Bank (0.06%). Insiders that own company stock include Andrew Kush, Dino D Ottaviano, John Briggs, Michael E Mcbryan and Robert L Frome.
View institutional ownership trends
.

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 $13.47.

How much money does Healthcare Services Group make?

Healthcare Services Group (NASDAQ:HCSG) has a market capitalization of $997.99 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 $0.27 on an earnings per share basis.

How many employees does Healthcare Services Group have?

The company employs 39,200 workers across the globe.

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 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.

This page (NASDAQ:HCSG) was last updated on 2/1/2023 by MarketBeat.com Staff