The Pennant Group (PNTG) Set to Announce Earnings on Monday

The Pennant Group (NASDAQ:PNTG) will be posting its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect The Pennant Group to post earnings of $0.15 per share for the quarter. The Pennant Group has set its FY 2024 guidance at 0.820-0.910 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

The Pennant Group (NASDAQ:PNTG) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The firm had revenue of $145.95 million for the quarter, compared to the consensus estimate of $136.79 million. The Pennant Group had a net margin of 2.46% and a return on equity of 12.78%. During the same period last year, the company posted $0.15 EPS. On average, analysts expect The Pennant Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

The Pennant Group Stock Performance

Shares of PNTG opened at $21.40 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $642.21 million, a P/E ratio of 48.64, a price-to-earnings-growth ratio of 2.24 and a beta of 2.01. The firm’s fifty day simple moving average is $19.60 and its two-hundred day simple moving average is $15.89. The Pennant Group has a 12 month low of $10.31 and a 12 month high of $21.81.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PNTG. Oppenheimer upped their price objective on shares of The Pennant Group from $18.00 to $22.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Truist Financial upped their price objective on shares of The Pennant Group from $16.00 to $21.00 and gave the company a “hold” rating in a report on Friday, March 1st. Finally, Stephens upgraded shares of The Pennant Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $14.00 to $18.00 in a report on Friday, January 5th.

About The Pennant Group

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.