Healthcare Services Group (HCSG) Stock Price, News & Analysis

Company Overview

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 customers' facilities, as well as laundering and processing of the bed linens, uniforms, resident personal clothing, and other assorted linen items utilized at the customers' facilities. 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; and on-site management and clinical consulting services to facilities. It serves long-term and post-acute care facilities, hospitals, and the healthcare industry through referrals and solicitation of target facilities. The company was incorporated in 1976 and is based in Bensalem, Pennsylvania.

Key Stats

• Today's Range: $10.54 to $10.91
• 50-Day Range: $9.71 to $11.81
• 52-Week Range: $8.75 to $13.00
• Volume: 315,174 shs
• Average Volume: 506,043 shs
• Market Capitalization: $790.96 million
• P/E Ratio: 24.98
• Dividend Yield: N/A
• Price Target: $14.50
• Consensus Rating: Moderate Buy

Healthcare Services Group Stock Analysis - MarketRank™

Healthcare Services Group scored higher than 68% of companies evaluated by MarketBeat, and ranked 126th out of 331 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Healthcare Services Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Healthcare Services Group has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 8.97%

Earnings Growth

Earnings for Healthcare Services Group are expected to grow by 8.97% in the coming year, from $0.78 to $0.85 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Healthcare Services Group is 24.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.86.

Price to Earnings Ratio vs. Sector

The P/E ratio of Healthcare Services Group is 24.98, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 41.64.

Price to Book Value per Share Ratio

Healthcare Services Group has a P/B Ratio of 1.74. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.63% of the float of Healthcare Services Group has been sold short.

Short Interest Ratio / Days to Cover

Healthcare Services Group has a short interest ratio ("days to cover") of 6.3.

Change versus previous month

Short interest in Healthcare Services Group has recently increased by 9.54%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: Weak

Dividend Yield

Healthcare Services Group does not currently pay a dividend.

Dividend Growth

Healthcare Services Group does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Healthcare Services Group is 150.88%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Healthcare Services Group will have a dividend payout ratio of 101.18% in the coming year. This indicates that Healthcare Services Group may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.63% of the float of Healthcare Services Group has been sold short.

Short Interest Ratio / Days to Cover

Healthcare Services Group has a short interest ratio ("days to cover") of 6.3.

Change versus previous month

Short interest in Healthcare Services Group has recently increased by 9.54%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.47

News Sentiment

Healthcare Services Group has a news sentiment score of 0.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.66 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Healthcare Services Group this week, compared to 2 articles on an average week.

MarketBeat Follows

2 people have added Healthcare Services Group to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Healthcare Services Group insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.10% of the stock of Healthcare Services Group is held by insiders.

Percentage Held by Institutions

97.97% of the stock of Healthcare Services Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HCSG Stock Analysis - Frequently Asked Questions

How have HCSG shares performed this year?

Healthcare Services Group's stock was trading at $10.37 on January 1st, 2024. Since then, HCSG stock has increased by 3.6% and is now trading at $10.74.
View the best growth stocks for 2024 here.

How were Healthcare Services Group's earnings last quarter?

Healthcare Services Group, Inc. (NASDAQ:HCSG) released its quarterly earnings results on Wednesday, July, 24th. The business services provider reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. Healthcare Services Group's revenue was up 1.8% on a year-over-year basis.

Who are Healthcare Services Group's major shareholders?

Top institutional shareholders of Healthcare Services Group include Marathon Asset Management Ltd (2.07%), CWM LLC (0.03%) and Bleakley Financial Group LLC (0.01%). Insiders that own company stock include Kurt Simmons Jr, Andrew M Brophy and John Briggs.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Healthcare Services Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Healthcare Services Group investors own include American Water Works (AWK), DiamondRock Hospitality (DRH), Humana (HUM), Waste Connections (WCN), The RMR Group (RMR), AUO (AUOTY) and iShares Micro-Cap ETF (IWC).

Company Calendar

• Last Earnings: 7/24/2024
• Today: 10/17/2024
• Next Earnings (Confirmed): 10/23/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Nursing & personal care facilities
• Sub-Industry: Diversified Support Services
• Current Symbol: NASDAQ:HCSG
• CUSIP: 42190610
• CIK: 731012
• Web: www.hcsgcorp.com
• Phone: (215) 639-4274
• Fax: 215-639-2152
• Employees: 33,400
• Year Founded: 1976

Price Target and Rating

• Average Stock Price Target: $14.50
• High Stock Price Target: $17.00
• Low Stock Price Target: $13.00
• Potential Upside/Downside: +35.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.57
• Trailing P/E Ratio: 24.98
• Forward P/E Ratio: 13.77
• P/E Growth: N/A
• Net Income: $38.39 million
• Net Margins: 1.82%
• Pretax Margin: 2.69%
• Return on Equity: 12.58%
• Return on Assets: 7.38%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 2.74
• Quick Ratio: 2.65

Sales & Book Value

• Annual Sales: $1.68 billion
• Price / Sales: 0.47
• Cash Flow: $1.05 per share
• Price / Cash Flow: 10.20
• Book Value: $6.18 per share
• Price / Book: 1.74

Miscellaneous

• Outstanding Shares: 73,646,000
• Free Float: 71,842,000
• Market Cap: $790.96 million
• Optionable: Optionable
• Beta: 0.52