The Pennant Group (NASDAQ:PNTG) Updates FY 2024 Earnings Guidance

The Pennant Group (NASDAQ:PNTG) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.900-0.960 for the period, compared to the consensus EPS estimate of 0.910. The company issued revenue guidance of $665.3 million-$706.5 million, compared to the consensus revenue estimate of $679.3 million.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PNTG. Stephens reissued an “overweight” rating and set a $40.00 price target on shares of The Pennant Group in a report on Wednesday, October 9th. Oppenheimer boosted their target price on The Pennant Group from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday. Royal Bank of Canada raised their price target on The Pennant Group from $26.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Truist Financial lifted their price target on The Pennant Group from $34.00 to $38.00 and gave the company a “hold” rating in a research note on Monday, October 7th.

The Pennant Group Price Performance

PNTG traded up $1.42 on Friday, hitting $33.42. 262,213 shares of the company were exchanged, compared to its average volume of 198,817. The Pennant Group has a fifty-two week low of $11.95 and a fifty-two week high of $37.13. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market capitalization of $1.01 billion, a P/E ratio of 49.15, a price-to-earnings-growth ratio of 3.41 and a beta of 2.02. The business’s fifty day moving average is $33.80 and its 200 day moving average is $28.37.

The Pennant Group (NASDAQ:PNTG) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The Pennant Group had a return on equity of 14.02% and a net margin of 3.24%. The business had revenue of $168.75 million for the quarter, compared to analysts’ expectations of $156.71 million. As a group, sell-side analysts anticipate that The Pennant Group will post 0.75 EPS for the current year.

The Pennant Group Company Profile

The Pennant Group, Inc provides healthcare services in the United States. It operates in two segments, Home Health and Hospice Services, and Senior Living Services. The company offers home health services, including clinical services, such as nursing, speech, occupational and physical therapy, medical social work, and home health aide services; and hospice services comprising clinical care, education, and counseling services for the physical, spiritual, and psychosocial needs of terminally ill patients and their families.