The Pennant Group (NASDAQ:PNTG) Issues FY 2025 Earnings Guidance

The Pennant Group (NASDAQ:PNTG) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.140-1.180 for the period, compared to the consensus EPS estimate of 1.060. The company issued revenue guidance of $911.4 million-$948.6 million, compared to the consensus revenue estimate of $909.3 million.

The Pennant Group Trading Down 0.4%

PNTG stock traded down $0.11 during midday trading on Wednesday, reaching $25.17. The company’s stock had a trading volume of 374,242 shares, compared to its average volume of 262,585. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a fifty day simple moving average of $24.74 and a two-hundred day simple moving average of $25.83. The Pennant Group has a 1 year low of $21.18 and a 1 year high of $34.36. The firm has a market capitalization of $869.88 million, a price-to-earnings ratio of 32.27, a PEG ratio of 2.06 and a beta of 1.39.

The Pennant Group (NASDAQ:PNTG) last released its earnings results on Wednesday, November 5th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The Pennant Group had a return on equity of 9.85% and a net margin of 3.36%.The business had revenue of $229.04 million for the quarter, compared to analyst estimates of $221.96 million. The Pennant Group has set its FY 2025 guidance at 1.140-1.180 EPS. On average, equities research analysts predict that The Pennant Group will post 0.75 EPS for the current year.

Analyst Ratings Changes

PNTG has been the topic of a number of recent analyst reports. Wall Street Zen lowered The Pennant Group from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Weiss Ratings restated a “hold (c)” rating on shares of The Pennant Group in a research note on Tuesday, October 14th. Jefferies Financial Group initiated coverage on shares of The Pennant Group in a report on Friday, October 24th. They issued a “buy” rating and a $30.00 target price for the company. Stephens reiterated an “overweight” rating and issued a $40.00 target price on shares of The Pennant Group in a report on Thursday, October 9th. Finally, Wells Fargo & Company lowered their price target on The Pennant Group from $31.00 to $29.00 and set an “equal weight” rating for the company in a report on Thursday, August 14th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $32.80.

Institutional Investors Weigh In On The Pennant Group

Institutional investors and hedge funds have recently modified their holdings of the company. Rhumbline Advisers raised its position in The Pennant Group by 11.0% during the second quarter. Rhumbline Advisers now owns 52,623 shares of the company’s stock valued at $1,571,000 after acquiring an additional 5,200 shares in the last quarter. Jane Street Group LLC raised its position in The Pennant Group by 214.7% during the second quarter. Jane Street Group LLC now owns 37,194 shares of the company’s stock valued at $1,110,000 after acquiring an additional 25,377 shares in the last quarter. Royal Bank of Canada raised its position in The Pennant Group by 174.5% during the first quarter. Royal Bank of Canada now owns 27,290 shares of the company’s stock valued at $687,000 after acquiring an additional 17,347 shares in the last quarter. Brevan Howard Capital Management LP purchased a new position in The Pennant Group during the second quarter valued at approximately $570,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in The Pennant Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,394 shares of the company’s stock valued at $488,000 after acquiring an additional 857 shares in the last quarter. Institutional investors and hedge funds own 85.88% of the company’s stock.

The Pennant Group Company Profile

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.