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

The Pennant Group (NASDAQ:PNTG) is scheduled to release its earnings data 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.Persons interested in participating in the company’s earnings conference call can do so using this link.

The Pennant Group (NASDAQ:PNTG) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The firm had revenue of $145.95 million during the quarter, compared to analysts’ expectations of $136.79 million. The Pennant Group had a return on equity of 12.78% and a net margin of 2.46%. During the same period last year, the company earned $0.15 earnings per share. 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

PNTG opened at $21.40 on Friday. The stock has a market capitalization of $642.21 million, a price-to-earnings ratio of 48.64, a PEG ratio of 2.24 and a beta of 2.01. The company has a fifty day moving average of $19.60 and a 200 day moving average of $15.89. The Pennant Group has a fifty-two week low of $10.31 and a fifty-two week high of $21.81. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.12 and a current ratio of 1.12.

Wall Street Analysts Forecast Growth

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

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.