PACS Group (PACS) Scheduled to Post Quarterly Earnings on Thursday

PACS Group (NYSE:PACS) will announce its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.33 per share for the quarter. PACS Group has set its FY 2024 guidance at EPS.

PACS Group (NYSE:PACS) last issued its earnings results on Monday, August 12th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.42). The company had revenue of $981.80 million for the quarter, compared to analyst estimates of $919.22 million. The business’s quarterly revenue was up 29.1% compared to the same quarter last year. On average, analysts expect PACS Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

PACS Group Trading Down 0.6 %

Shares of PACS stock opened at $42.68 on Friday. The company has a fifty day moving average price of $40.10 and a two-hundred day moving average price of $33.60. PACS Group has a one year low of $22.61 and a one year high of $43.23. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.82.

Analysts Set New Price Targets

Several research analysts have recently weighed in on PACS shares. Oppenheimer boosted their price objective on shares of PACS Group from $32.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 13th. UBS Group started coverage on shares of PACS Group in a research note on Wednesday, October 9th. They set a “buy” rating and a $50.00 price objective on the stock. Stephens boosted their price objective on shares of PACS Group from $37.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 13th. Truist Financial boosted their price objective on shares of PACS Group from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Finally, Citigroup started coverage on shares of PACS Group in a research note on Wednesday, September 11th. They set a “buy” rating and a $45.00 price objective on the stock. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, PACS Group currently has an average rating of “Buy” and a consensus target price of $39.38.

PACS Group Company Profile

PACS Group, Inc, through its subsidiaries, operates skilled nursing facilities and assisted living facilities in the United States. The company also provides senior care and independent facilities. It engages in the acquisition, ownership, and leasing of health care-related properties. The company was founded in 2013 and is based in Farmington, Utah.