PACS Group (PACS) Projected to Post Quarterly Earnings on Wednesday

PACS Group (NYSE:PACS) is expected to post its results before the market opens on Wednesday, February 25th. Analysts expect PACS Group to post earnings of $0.4642 per share and revenue of $1.3830 billion for the quarter.

PACS Group (NYSE:PACS) last announced its quarterly earnings data on Wednesday, November 19th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.36). PACS Group had a net margin of 3.29% and a return on equity of 21.39%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.11 billion. 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 Up 0.2%

Shares of PACS Group stock traded up $0.06 on Friday, hitting $38.69. 772,333 shares of the company’s stock traded hands, compared to its average volume of 941,433. The company has a fifty day moving average of $37.70 and a two-hundred day moving average of $23.27. PACS Group has a one year low of $7.50 and a one year high of $43.08. The company has a market capitalization of $6.06 billion, a price-to-earnings ratio of 36.85, a price-to-earnings-growth ratio of 1.29 and a beta of -0.65. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.94 and a quick ratio of 0.94.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. UBS Group reissued a “buy” rating and issued a $42.00 price target (down from $50.00) on shares of PACS Group in a research note on Thursday, December 18th. Wall Street Zen upgraded shares of PACS Group from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of PACS Group in a research report on Monday, December 22nd. Zacks Research upgraded shares of PACS Group from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $47.00 price target on shares of PACS Group in a research note on Friday, December 19th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, PACS Group currently has an average rating of “Moderate Buy” and a consensus price target of $43.25.

Insider Buying and Selling

In other news, Director Evelyn S. Dilsaver bought 16,724 shares of the stock in a transaction dated Monday, November 24th. The shares were bought at an average cost of $29.90 per share, with a total value of $500,047.60. Following the completion of the transaction, the director directly owned 22,739 shares of the company’s stock, valued at $679,896.10. This trade represents a 278.04% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John Todd Mitchell sold 159,556 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $29.89, for a total value of $4,769,128.84. Following the completion of the transaction, the insider owned 755,836 shares in the company, valued at approximately $22,591,938.04. This represents a 17.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 70.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On PACS Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Hollencrest Capital Management acquired a new stake in shares of PACS Group in the 4th quarter worth about $27,000. Quarry LP increased its holdings in PACS Group by 79.5% during the 3rd quarter. Quarry LP now owns 2,388 shares of the company’s stock worth $33,000 after purchasing an additional 1,058 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of PACS Group in the first quarter worth approximately $64,000. Tower Research Capital LLC TRC lifted its holdings in shares of PACS Group by 289.0% in the second quarter. Tower Research Capital LLC TRC now owns 6,166 shares of the company’s stock valued at $80,000 after purchasing an additional 4,581 shares in the last quarter. Finally, Caxton Associates LLP purchased a new position in shares of PACS Group during the first quarter valued at approximately $163,000.

About PACS Group

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.