Healthcare Services Group Stock (NASDAQ: HCSG)

Healthcare Services Group (NASDAQ:HCSG) Stock, Quote.Headers.trade-ideas

Healthcare Services Group

Healthcare Services Group Inc is a provider of housekeeping and facility management services to the healthcare industry. The company operates two business segments, both contributing roughly equally to the company's revenue: Housekeeping, laundry, linen, and other services; and Dietary department services. Housekeeping includes management of clients' housekeeping departments, cleaning, disinfecting and sanitizing, laundry, bed linen, and uniform services. Dietary consists of food purchasing, meal preparation, and providing dietitian consulting services. Its clients are nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States of America.

HCSG


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Healthcare Services Group, Inc. - Common Stock

Healthcare Services Group Inc

Benchmark analyst Bill Sutherland reiterates Healthcare Services Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCSG#NASDAQ">HCSG</a>) with a Buy and maintains $17 price target.

Price Target

Reiteration

Analyst Ratings

Benchmark Reiterates Buy on Healthcare Services Group, Maintains $17 Price Target

Macquarie analyst Tao Qiu initiates coverage on Healthcare Services Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCSG#NASDAQ">HCSG</a>) with a Neutral rating and announces Price Target of $13.

Initiation

Macquarie Initiates Coverage On Healthcare Services Group with Neutral Rating, Announces Price Target of $13

<a href="https://x.com/H4ckManac/status/1849812559810949625" title="https://x.com/H4ckManac/status/1849812559810949625">https://x.com/H4ckManac/status/1849812559810949625</a>

HackManac Posts On X "Underground Team hacking group claims to have breached Healthcare Services Group. Allegedly, 1.1 TB of data were exfiltrated, including confidential documents, agreements, contracts, financial and legal documents, vendor and supplier information, stockholder documentation, tax and recruitment documents, service proposals, invoices, and extensive employee information (including passports, IDs, SSNs, and various tax and payroll forms)."

Baird analyst Andrew Wittmann maintains Healthcare Services Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCSG#NASDAQ">HCSG</a>) with a Neutral and lowers the price target from $14 to $12.

Baird Maintains Neutral on Healthcare Services Group, Lowers Price Target to $12

Reaffirms Q4 revenue estimate of $430.0 to $440.0 million and FY 2024 cash flow forecast of $40.0 to $55.0 million.

Guidance

Health Care

General

Healthcare Services Group Reaffirms Its Q4 2024 Revenue Guidance Of $430M-$440M Versus Consensus Of $435.09M

Earnings Misses

Healthcare Services Group Q3 2024 GAAP EPS $0.19 Misses $0.20 Estimate, Sales $428.149M Miss $429.663M Estimate

The Company will continue to monitor the situation and take appropriate actions consistent with its response protocols. As of the date of this filing, the incident has not caused, and is not expected to cause, disruption of the Company&rsquo;s business operations.
And although the full nature and scope of the incident is not yet known, the Company does not believe it will have a material effect on its financial condition or results of operations.

Healthcare Services Group Identified Cybersecurity Incident Involving Unauthorized Activity Within Some Of Its Systems; Expects No Disruption, Material Effect On Operations - Filing

Healthcare Services Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCSG#NASDAQ">HCSG</a>) today announced the appointment of Vikas Singh as EVP &amp; Chief Financial Officer, effective September 3, 2024. He will oversee HCSG's accounting and finance operations, and play a key role in corporate development, investor relations, and the success of its long-term growth strategy.
Mr. Singh brings over two decades of diverse experience in finance, strategy and operations to the Company. Most recently, he served as Managing Director of Leveraged Finance &amp; Capital Markets at Bank of America Securities. Prior to that he worked in the Financial Sponsors Group at Credit Suisse and in the Asia-Pacific Credit Card Group at Citibank. Mr. Singh began his career with GSK's Consumer Healthcare Division and held roles in Sales Management and as National Brand Manager within the marketing organization.

Management

HCSG Announces Appointment Of Vikas Singh As Chief Financial Officer, Effective September 3, 2024

RBC Capital analyst Sean Dodge maintains Healthcare Services Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCSG#NASDAQ">HCSG</a>) with a Outperform and lowers the price target from $15 to $14.

RBC Capital Maintains Outperform on Healthcare Services Group, Lowers Price Target to $14

Baird analyst Andrew Wittmann maintains Healthcare Services Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCSG#NASDAQ">HCSG</a>) with a Neutral and raises the price target from $13 to $14.

Baird Maintains Neutral on Healthcare Services Group, Raises Price Target to $14

Healthcare Services Group Expects Q3 And Q4 Revenue Of $425M-$435M And $430M-$440M, Compared To Consensus Of $431.14M And $437.04M, Respectively

Healthcare Services Group Q2 2024 Adj. EPS $0.20, Inline, Sales $426.288M Beat $424.901M Estimate

Healthcare Services Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCSG#NASDAQ">HCSG</a>) today issued the following statement in response to LaVie Care Centers' announcement that it had filed for Chapter 11 bankruptcy protection in the Northern District of Georgia. As a result of LaVie's filing, the Company estimates a Q2 non-cash charge of approximately $0.20 per share. The Company expects to continue providing services to LaVie and expects no impact on future revenue or earnings. Additionally, the Company anticipates no disruption in postpetition payments and reiterates its previously shared Q2 and 2024 adjusted cash flow expectations of $5.0 million to $15.0 million and $40.0 million to $55.0 million, respectively.

HCSG Provides Update On Client Restructuring; Estimates A Q2 Non-cash Charge Of ~$0.20 Per Share, Anticipates No Disruption In Postpetition Payments And Reiterates Its Previously Shared Q2 And 2024 Adjusted Cash Flow Expectations Of $5M-$15M And $40M-$55M

Healthcare Services Reiterates 2024 Forecast For Adjusted Cash Flow Range Of $40M-$55M; Expects Q2 Revenue In The Range Of $420M-$430M Vs. $430.417M Consensus

Healthcare Services Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCSG#NASDAQ">HCSG</a>) reported quarterly earnings of $0.22 per share which beat the analyst consensus estimate of $0.19 by 15.79 percent. This is a 10 percent increase over earnings of $0.20 per share from the same period last year. The company reported quarterly sales of $423.433 which missed the analyst consensus estimate of $424.949 million by 100.00 percent. This is a 100.00 percent decrease over sales of $417.230 million the same period last year.

Earnings Beats

Healthcare Services Group Q1 2024 Adj EPS $0.22 Beats $0.19 Estimate, Sales $423.433 Miss $424.949M Estimate

Benchmark analyst Bill Sutherland maintains Healthcare Services Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCSG#NASDAQ">HCSG</a>) with a Buy and raises the price target from $16 to $17.

Benchmark Maintains Buy on Healthcare Services Group, Raises Price Target to $17

Across the recent three months, 5 analysts have shared their insights on Healthcare Services Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCSG#NASDAQ">HCSG</a>), expressing a variety of opinions spanning from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Healthcare Services Group, presenting an average target of $13.6, a high estimate of $16.00, and a low estimate of $11.00. This upward trend is apparent, with the current average reflecting a 16.54% increase from the previous average price target of $11.67.
<img src="https://www.benzinga.com/files/images/story/2024/1708020033_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The perception of Healthcare Services Group by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>A.J. Rice</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$13.00</td>
<td>$11.00</td>
</tr>
<tr>
<td>Sean Dodge</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$15.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Andrew Wittmann</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$13.00</td>
<td>$10.00</td>
</tr>
<tr>
<td>Bill Sutherland</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$16.00</td>
<td>-</td>
</tr>
<tr>
<td>A.J. Rice</td>
<td>UBS</td>
<td>Announces</td>
<td>Neutral</td>
<td>$11.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Healthcare Services Group. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Healthcare Services Group compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Healthcare Services Group's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Healthcare Services Group's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/HCSG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Healthcare Services Group analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Get to Know Healthcare Services Group Better</h2>
Healthcare Services Group Inc is a provider of housekeeping and facility management services to the healthcare industry. The company operates two business segments, both contributing roughly equally to the company's revenue: Housekeeping, laundry, linen, and other services; and Dietary department services. Housekeeping includes management of clients' housekeeping departments, cleaning, disinfecting and sanitizing, laundry, bed linen, and uniform services. Dietary consists of food purchasing, meal preparation, and providing dietitian consulting services. Its clients are nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States of America.
<h3>Key Indicators: Healthcare Services Group's Financial Health</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Healthcare Services Group's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2023, the company experienced a revenue decline of approximately -0.75%. This indicates a decrease in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of -1.34%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of -1.23%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Healthcare Services Group's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -0.73%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Healthcare Services Group's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.13.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Evaluating Healthcare Services Group: Insights From 5 Financial Analysts

RBC Capital analyst Sean Dodge maintains Healthcare Services Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCSG#NASDAQ">HCSG</a>) with a Outperform and raises the price target from $14 to $15.

RBC Capital Maintains Outperform on Healthcare Services Group, Raises Price Target to $15

Healthcare Services GAAP EPS of $0.19 misses by $0.01, revenue of $428.1M misses by $1.56M

Reports Q3 revenue $428.15M, consensus $429.66M. Ted Wahl, CEO, stated, "We're very pleased with our third quarter results, which underscore the po...

Healthcare Services reports Q3 EPS 19c, consensus 19c

Healthcare Services Group, Inc. (HCSG) Q3 2024 Earnings Call Transcript

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Healthcare Services management to meet with Benchmark

Macquarie initiated coverage of Healthcare Services (HCSG) with a Neutral rating and $13 price target As the largest outsourced housekeeping and di...

Healthcare Services initiated with a Neutral at Macquarie

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Benchmark Co. Issues a Buy Rating on Healthcare Services (HCSG)

In a report released on January 8, Sean Dodge from RBC Capital maintained a Buy rating on Healthcare Services (HCSG – Research Report), with a pric...

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