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NASDAQ:HCSG

Healthcare Services Group - HCSG Stock Forecast, Price & News

$14.79
-0.07 (-0.47%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$14.68
$14.98
50-Day Range
$13.93
$18.56
52-Week Range
$13.66
$28.68
Volume
462,449 shs
Average Volume
941,610 shs
Market Capitalization
$1.10 billion
P/E Ratio
36.98
Dividend Yield
5.72%
Price Target
$15.88

Healthcare Services Group MarketRank™ Forecast

Analyst Rating
Hold
1.75 Rating Score
Upside/​Downside
7.3% Upside
$15.88 Price Target
Short Interest
Bearish
10.84% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.91mentions of Healthcare Services Group in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
56.82%
From $0.44 to $0.69 Per Share

Overall MarketRank

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

1.94 out of 5 stars

Business Services Sector

243rd out of 340 stocks

Nursing & Personal Care Facilities Industry

3rd out of 4 stocks

HCSG stock logo

About Healthcare Services Group (NASDAQ:HCSG) Stock

Healthcare Services Group, Inc. provides management, administrative, and operating services to the housekeeping, laundry, linen, facility maintenance, and dietary service departments of nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary. The Housekeeping segment engages in the cleaning, disinfecting, and sanitizing of resident rooms and common areas of the client's facility, as well as laundering and processing of the bed linens, uniforms, resident personal clothing, and other assorted linen items utilized at a client's facility. The Dietary segment provides food purchasing, meal preparation, and professional dietitian services, which include the development of menus that meet the dietary needs of residents. This segment also offers on-site management and clinical consulting services to facilities. As of December 31, 2021, the company provided its services to approximately 3,000 facilities. Healthcare Services Group, Inc. was incorporated in 1976 and is based in Bensalem, Pennsylvania.

Healthcare Services Group Price Performance

HCSG opened at $14.86 on Friday. Healthcare Services Group has a 12 month low of $13.66 and a 12 month high of $28.68. The business has a 50-day moving average of $15.97 and a two-hundred day moving average of $16.77. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 37.15 and a beta of 0.22.

Healthcare Services Group (NASDAQ:HCSG - Get Rating) last issued its quarterly earnings results 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 company had revenue of $424.90 million for the quarter, compared to analyst estimates of $427.22 million. Healthcare Services Group had a return on equity of 6.56% and a net margin of 1.77%. The business's revenue for the quarter was up 6.7% on a year-over-year basis. During the same period last year, the company posted $0.13 EPS. Equities research analysts anticipate that Healthcare Services Group will post 0.44 earnings per share for the current year.

Healthcare Services Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, August 19th will be paid a dividend of $0.2138 per share. The ex-dividend date of this dividend is Thursday, August 18th. This is a positive change from Healthcare Services Group's previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a yield of 5.76%. Healthcare Services Group's dividend payout ratio is currently 212.50%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on HCSG shares. StockNews.com upgraded Healthcare Services Group from a "sell" rating to a "hold" rating in a research report on Tuesday, June 28th. Robert W. Baird cut their target price on shares of Healthcare Services Group from $23.00 to $15.00 in a research note on Thursday, July 21st. Royal Bank of Canada raised their price target on shares of Healthcare Services Group from $17.00 to $20.00 and gave the stock a "sector perform" rating in a research note on Thursday, April 21st. Finally, Credit Suisse Group lowered their price target on shares of Healthcare Services Group to $15.00 in a report on Friday, July 22nd. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, Healthcare Services Group currently has a consensus rating of "Hold" and an average price target of $15.88.

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HCSG Stock News Headlines

HCSG Healthcare Services Group, Inc.
Healthcare Services Group, Inc. (HCSG)
Healthcare Services Group, Inc. Announces...
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HCSG Company Calendar

Ex-Dividend for 6/24 Dividend
5/19/2022
Dividend Payable
6/24/2022
Last Earnings
7/20/2022
Ex-Dividend for 9/23 Dividend
8/18/2022
Today
8/19/2022
Dividend Payable
9/23/2022
Next Earnings (Estimated)
10/19/2022
Fiscal Year End
12/31/2022

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
$15.88
High Stock Price Forecast
$20.00
Low Stock Price Forecast
$13.50
Forecasted Upside/Downside
+7.3%
Consensus Rating
Hold
Rating Score (0-4)
1.75
Research Coverage
4 Analysts

Profitability

Net Income
$45.86 million
Pretax Margin
2.24%

Debt

Sales & Book Value

Annual Sales
$1.64 billion
Cash Flow
$0.83 per share
Book Value
$5.91 per share

Miscellaneous

Free Float
72,943,000
Market Cap
$1.10 billion
Optionable
Optionable
Beta
0.22

Social Links


Key Executives

  • Mr. Theodore Wahl CPA (Age 48)
    Pres, CEO & Director
    Comp: $1.25M
  • Mr. Andrew W. Kush AAI (Age 44)
    Exec. VP & COO
    Comp: $784.29k
  • Mr. Andrew Brophy (Age 32)
    VP, Controller & Principal Accounting Officer
    Comp: $262.38k
  • Mr. John Christopher Shea CPA (Age 50)
    CPA, M.B.A., MBA, Exec. VP & Chief Admin. Officer
    Comp: $695.26k
  • Mr. Jason J. Bundick (Age 45)
    Exec. VP, Chief Compliance Officer, Gen. Counsel & Sec.
    Comp: $490.25k
  • Mr. Patrick J. Orr Esq. (Age 47)
    Chief Revenue Officer
    Comp: $583.53k
  • Mr. Matthew J. McKee MBA
    Chief Communications Officer
  • Mr. Bryan D. McCartney (Age 61)
    Exec. VP













HCSG Stock - Frequently Asked Questions

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

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.
View HCSG analyst ratings
or view top-rated stocks.

What is Healthcare Services Group's stock price forecast for 2022?

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.
View analysts price targets for HCSG
or view top-rated stocks among Wall Street analysts.

How have HCSG shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

When is Healthcare Services Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our HCSG earnings forecast
.

How were Healthcare Services Group's earnings last quarter?

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.

How often does Healthcare Services Group pay dividends? What is the dividend yield for Healthcare Services Group?

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
.

Is Healthcare Services Group a good dividend stock?

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.

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

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.

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 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.
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 $14.86.

How much money does Healthcare Services Group make?

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.

How many employees does Healthcare Services Group have?

The company employs 39,200 workers across the globe.

When was Healthcare Services Group founded?

Healthcare Services Group was founded in 1976.

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 8/19/2022 by MarketBeat.com Staff

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