Healthcare Services Group - HCSG Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Healthcare Services Group in the last twelve months. 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.

4 brokers have issued 1-year price objectives for Healthcare Services Group's shares. Their HCSG share price forecasts range from $12.00 to $18.00. On average, they expect the company's stock price to reach $14.50 in the next year. This suggests a possible upside of 7.2% from the stock's current price.
View analysts price targets for HCSG or view top-rated stocks among Wall Street analysts.

Healthcare Services Group's stock was trading at $17.79 on January 1st, 2022. Since then, HCSG shares have decreased by 24.0% and is now trading at $13.52.
View the best growth stocks for 2022 here.

Healthcare Services Group saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 4,370,000 shares, a decrease of 14.6% from the October 31st total of 5,120,000 shares. Based on an average daily volume of 562,500 shares, the days-to-cover ratio is presently 7.8 days. Currently, 5.9% of the shares of the company are short sold.
View Healthcare Services Group's Short Interest.

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

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

Healthcare Services Group declared a quarterly dividend on Wednesday, October 19th. Stockholders 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 6.36%. The ex-dividend date is Thursday, November 17th. 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 $0.86 per share and currently has a dividend yield of 6.22%. 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 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.

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 a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.71%), Vanguard Group Inc. (11.04%), State Street Corp (5.84%), Mackenzie Financial Corp (5.68%), Riverbridge Partners LLC (3.18%) and Royce & Associates LP (2.21%). Insiders that own company stock include Andrew Kush, Dino D Ottaviano, John Briggs, Michael E Mcbryan and Robert L Frome.
View institutional ownership trends.

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.

One share of HCSG stock can currently be purchased for approximately $13.52.

Healthcare Services Group (NASDAQ:HCSG) has a market capitalization of $1.00 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 $0.27 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.