Stocks of Healthcare Services Group Inc. (NASDAQ:HCSG) traded higher last session on Wall Street, down -2.99% to $13.00.
According to the data, Healthcare Services Group Inc. (NASDAQ:HCSG) has 7 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $18.00 and a low of $8.50, we find $14.00. Given the previous closing price of $13.40, this indicates a potential upside of 4.48 percent. HCSG stock price is now -1.95% away from the 50-day moving average and -13.01% away from the 200-day moving average. The market capitalization of the company currently stands at $943.28M.
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A total of 5 analysts have issued a hold rating and 1 have given it a buy rating. Brokers who have rated the stock have averaged $13.58 as their price target over the next twelve months.
With the price target maintained at $18, The Benchmark Company recently Upgraded its rating from Hold to Buy for Healthcare Services Group Inc. (NASDAQ: HCSG). On February 10, 2022, Jefferies Downgraded its previous ‘Hold’ rating to ‘Underperform’ on the stock reducing its target price from $19 to quote $13.50, while ‘William Blair’ rates the stock as ‘Mkt Perform’.
Insiders disposed of 15,272 shares of company stock worth roughly $0.2 million over the past 1 year. A total of 0.74% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HCSG stock. A new stake in Healthcare Services Group Inc. shares was purchased by MARSHALL WACE, LLP during the first quarter worth $8,607,000. FARMER STEVEN PATRICK invested $3,965,000 in shares of HCSG during the first quarter. In the first quarter, GREAT LAKES ADVISORS, LLC acquired a new stake in Healthcare Services Group Inc. valued at approximately $2,767,000. SOROS FUND MANAGEMENT LLC acquired a new stake in HCSG for approximately $1,625,000. REGAL PARTNERS LTD purchased a new stake in HCSG valued at around $1,336,000 in the second quarter.
Thursday’s opening bell rang with an opening price of $13.33 for Healthcare Services Group Inc. (NASDAQ: HCSG). During the past 12 months, Healthcare Services Group Inc. has had a low of $11.55 and a high of $20.54. As of last week, the company has a debt-to-equity ratio of 0.06, a current ratio of 2.80, and a quick ratio of 2.70. The fifty day moving average price for HCSG is $13.25 and a two-hundred day moving average price translates $14.92 for the stock.
The latest earnings results from Healthcare Services Group Inc. (NASDAQ: HCSG) was released for Sep, 2022. According to the Medical Care Facilities Company, earnings per share came in at $0, missing analysts’ expectations of $0.07 by -0.07. This compares to $0.13 EPS in the same period last year. The net profit margin was 1.20% and return on equity was 4.70% for HCSG. The company reported revenue of $414.49 million for the quarter, compared to $415.59 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.27 percent. For the current quarter, analysts expect HCSG to generate $419.82M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/22/2022. Investors who held shares on 11/18/2022 were paid a $0.215 dividend. On an annualized basis, this represents a $0.86 dividend and a 6.62% percent yield. There was an ex-dividend date of 11/17/2022 for this dividend. In terms of dividend payout ratio, HCSG is presently at 306.20%.
Healthcare Services Group Inc.(HCSG) Company Profile
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.
