PACS Group (NYSE:PACS) Issues Quarterly Earnings Results, Beats Expectations By $0.09 EPS

PACS Group (NYSE:PACS) announced its earnings results on Tuesday. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.09, FiscalAI reports. PACS Group had a return on equity of 30.77% and a net margin of 4.85%.The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.41 billion.

PACS Group Stock Up 2.6%

NYSE:PACS traded up $1.17 during mid-day trading on Thursday, reaching $46.81. The stock had a trading volume of 638,473 shares, compared to its average volume of 945,311. The business’s 50 day moving average is $41.32 and its 200 day moving average is $37.71. PACS Group has a fifty-two week low of $7.50 and a fifty-two week high of $49.49. The stock has a market cap of $7.41 billion, a P/E ratio of 27.33, a PEG ratio of 1.34 and a beta of -0.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.99 and a quick ratio of 0.99.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Zacks Research downgraded shares of PACS Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Royal Bank Of Canada increased their price objective on shares of PACS Group from $52.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday. Oppenheimer upped their price objective on PACS Group from $42.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Weiss Ratings raised PACS Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 8th. Finally, Truist Financial upped their price target on shares of PACS Group from $52.00 to $62.00 and gave the company a “buy” rating in a report on Thursday. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $54.20.

Insider Activity at PACS Group

In related news, Director Mark Hancock sold 4,966 shares of PACS Group stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $45.06, for a total value of $223,767.96. Following the transaction, the director owned 53,920,512 shares in the company, valued at $2,429,658,270.72. This trade represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michelle Renee Lewis sold 4,137 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $45.04, for a total value of $186,330.48. Following the completion of the sale, the chief accounting officer directly owned 355,338 shares in the company, valued at $16,004,423.52. This trade represents a 1.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 796,524 shares of company stock valued at $31,611,396 over the last three months. Insiders own 70.10% of the company’s stock.

Institutional Investors Weigh In On PACS Group

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in PACS Group by 2.2% in the third quarter. Vanguard Group Inc. now owns 3,939,725 shares of the company’s stock worth $54,092,000 after purchasing an additional 85,183 shares during the period. Alyeska Investment Group L.P. increased its holdings in PACS Group by 159.5% in the 4th quarter. Alyeska Investment Group L.P. now owns 2,250,007 shares of the company’s stock valued at $86,378,000 after buying an additional 1,382,984 shares during the period. Balyasny Asset Management L.P. raised its stake in shares of PACS Group by 67.3% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,356,240 shares of the company’s stock valued at $18,621,000 after buying an additional 545,348 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of PACS Group by 19.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,350,551 shares of the company’s stock worth $18,543,000 after acquiring an additional 220,939 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of PACS Group by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 1,020,636 shares of the company’s stock worth $39,189,000 after acquiring an additional 24,081 shares during the period.

Trending Headlines about PACS Group

Here are the key news stories impacting PACS Group this week:

• Positive Sentiment: Raised 2026 guidance: PACS lifted its outlook to approximately $5.75 billion-$5.85 billion in revenue and $640 million-$660 million in adjusted EBITDA, signaling confidence in operating momentum and earnings growth. The company also said occupancy has surpassed 90%. PACS lifts 2026 outlook
• Positive Sentiment: Strong second-quarter performance: Revenue rose 9.1% year over year to $1.43 billion, exceeding the $1.41 billion consensus estimate. Net income increased 49.8% to $76.3 million, while adjusted earnings of $0.63 per share beat expectations by roughly $0.09 and more than doubled from $0.31 a year earlier. PACS Group second-quarter results
• Positive Sentiment: Analyst upgrades: Truist Financial raised its price target from $52 to $62 and assigned a “buy” rating, while Royal Bank of Canada increased its target from $52 to $57 and reiterated an “outperform” rating. The revisions suggest analysts see additional upside following the earnings report. Benzinga analyst updates
• Neutral Sentiment: Growth strategy continues: Management is renewing its merger-and-acquisition efforts while integrating the Eduro acquisition. Further acquisitions could expand PACS’s scale, although execution and integration remain important risks for investors. PACS renews M&A push

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.