Healthcare Services Group Inc

Healthcare Services Group Inc Stock Forecast & Price Prediction

Live Healthcare Services Group Inc Stock (HCSG) Price
$12.42

5

Ratings

  • Buy 2
  • Hold 3
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$12.42

P/E Ratio

18.00

Volume Traded Today

$205,400

Dividend

$0.215

52 Week High/low

13.00/8.98

Healthcare Services Group Inc Market Cap

$910.3M

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HCSG Summary

The Healthcare Services Group Inc (HCSG) share price is expected to increase by 10.71% over the next year. This is based on calculating the average 12-month share price estimate provided by 5 stock analysts who have covered HCSG. Price targets range from $12 at the low end to $17 at the high end. The current analyst consensus for HCSG is a buy. Please note analyst price targets are not guaranteed and could be missed completely.

HCSG Analyst Ratings

About 5 Wall Street analysts have assignedHCSG 2 buy ratings, 3 hold ratings, and 0 sell ratings. This means that analysts expect Healthcare Services Group Inc to hold. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on HCSG. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

HCSG stock forecast by analyst

These are the latest 20 analyst ratings of HCSG.

Analyst/Firm

Rating

Price Target

Change

Date

Andrew Wittmann
Baird

Neutral

$12

Maintains

Oct 24, 2024
Bill Sutherland
Benchmark

Buy

$17

Reiterates

Oct 24, 2024
Sean Dodge
RBC Capital

Outperform

$14

Maintains

Jul 25, 2024
Andrew Wittmann
Baird

Neutral

$14

Maintains

Jul 25, 2024
Bill Sutherland
Benchmark

Buy

$17

Reiterates

Jul 25, 2024
Andrew Wittmann
Baird

Neutral

$13

Maintains

Feb 15, 2024
Sean Dodge
RBC Capital

Outperform

$15

Maintains

Feb 15, 2024
Bill Sutherland
Benchmark

Buy

$17

Maintains

Feb 15, 2024
A.J. Rice
UBS

Neutral

$13

Maintains

Feb 15, 2024
Bill Sutherland
Benchmark

Buy

$16

Reiterates

Dec 22, 2023
A.J. Rice
UBS

Neutral

$11

Initiates

Nov 30, 2023
Sean Dodge
RBC Capital

Outperform

$14

Maintains

Oct 26, 2023
Bill Sutherland
Benchmark

Buy

$16

Maintains

Oct 26, 2023
Bill Sutherland
Benchmark

Buy

$18

Reiterates

Aug 31, 2023
Sean Dodge
RBC Capital

Outperform

$16

Reiterates

Aug 1, 2023
Sean Dodge
RBC Capital

Outperform

$16

Maintains

Jul 27, 2023
Jonathan Yong
Credit Suisse

Neutral

$17

Maintains

Apr 28, 2023
Sean Dodge
RBC Capital

Outperform

$17

Reiterates

Apr 27, 2023
Brian Tanquilut
Jefferies

Hold

$14

Upgrade

Mar 24, 2023
Bill Sutherland
Benchmark

Buy

$18

Reiterates

Feb 21, 2023

HCSG Company Information

What They Do: Provides management services to healthcare facilities.

Business Model: The company generates revenue by offering management, administrative, and operational services in housekeeping and dietary segments to nursing homes, retirement complexes, rehabilitation centers, and hospitals. Its housekeeping services include cleaning and laundry, while dietary services encompass food purchasing, meal preparation, and nutritional consulting.

Other Information: Incorporated in 1976 and headquartered in Bensalem, Pennsylvania, the company serves a crucial role in the healthcare sector by ensuring facilities maintain high standards of cleanliness and nutrition, which are vital for patient care.
HCSG
Healthcare Services Group Inc (HCSG)

When did it IPO

1990

Staff Count

33,400

Country

United States

Sector/Industry

Healthcare/Medical Care Facilities

CEO

Mr. Theodore Wahl CPA

Market Cap

$910.3M

Healthcare Services Group Inc (HCSG) Financial Data

In 2023, HCSG generated $1.67B in revenue, which was a decrease of -1.11% from the previous year. This can be seen as a signal that HCSG's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$1.76B

Revenue From 2021

$1.64B

-6.72 %
From Previous Year

Revenue From 2022

$1.69B

2.94 %
From Previous Year

Revenue From 2023

$1.67B

-1.11 %
From Previous Year
  • Revenue TTM $1.70B
  • Operating Margin TTM 3.9%
  • Gross profit TTM $214.7M
  • Return on assets TTM 4.8%
  • Return on equity TTM 11.0%
  • Profit Margin 3.0%
  • Book Value Per Share 6.67%
  • Market capitalisation $910.3M
  • Revenue for 2021 $1.64B
  • Revenue for 2022 $1.69B
  • Revenue for 2023 $1.67B
  • EPS this year (TTM) $0.69

Healthcare Services Group Inc (HCSG) Latest News

News Image

Wed, 23 Oct 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - Healthcare Services Group, Inc. (NASDAQ:HCSG) will hold its Q3 2024 earnings conference call on October 23, 2024, at 8:30 AM ET with key executives and analysts participating.

Why It Matters - Upcoming earnings call for Healthcare Services Group may reveal financial performance, strategic insights, and guidance, impacting stock valuation and investor sentiment.

News Image

Wed, 23 Oct 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Healthcare Services (HCSG) reported quarterly earnings of $0.19 per share, surpassing the Zacks Consensus Estimate of $0.16 and exceeding last year's $0.17 per share.

Why It Matters - HCSG's earnings beat estimates and show year-over-year growth, indicating strong performance and potential for future profitability, which may boost investor confidence.

News Image

Wed, 24 Jul 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - Healthcare Services Group, Inc. (NASDAQ:HCSG) will hold its Q2 2024 earnings conference call on July 24, 2024, at 8:30 AM ET, featuring key executives and analysts.

Why It Matters - Earnings calls provide insights into a company's performance and future prospects, influencing stock valuations and investment decisions based on financial health and strategic direction.

News Image

Wed, 24 Jul 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Healthcare Services (HCSG) reported Q3 earnings of $0.20 per share, exceeding estimates of $0.19 and up from $0.12 per share year-over-year.

Why It Matters - HCSG's earnings beat estimates and show year-over-year growth, indicating strong performance and potential for increased investor confidence and stock value.

News Image

Sun, 16 Jun 2024

Sentiment - NEGATIVE

Source - InvestorPlace

Summary - Despite a strong market rally, investors should identify stocks to sell as some businesses are still underperforming.

Why It Matters - The contrasting market rally signals potential overvaluation in some stocks, indicating that selective selling could mitigate losses from underperforming businesses.

News Image

Mon, 03 Jun 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - HCSG announced an update on client restructuring and reaffirmed its cash flow forecast for 2024, along with its outlook for the ROY.

Why It Matters - HCSG's restructuring update and reaffirmed cash flow forecast signal stability and potential growth, influencing investor confidence and stock performance.

...

HCSG Frequently asked questions

The highest forecasted price for HCSG is $17 from Sean Dodge at RBC Capital.

The lowest forecasted price for HCSG is $12 from Nick Giovacchini from Credit Suisse

The HCSG analyst ratings consensus are 2 buy ratings, 3 hold ratings, and 0 sell ratings.