The Pennant Group (NASDAQ:PNTG) Posts Earnings Results, Misses Estimates By $0.01 EPS

The Pennant Group (NASDAQ:PNTG) issued its earnings results on Wednesday. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.01), FiscalAI reports. The Pennant Group had a net margin of 2.93% and a return on equity of 10.33%. The firm had revenue of $302.25 million during the quarter, compared to analyst estimates of $299.34 million.

The Pennant Group Stock Up 6.9%

Shares of The Pennant Group stock traded up $2.85 during trading hours on Wednesday, reaching $44.04. The company’s stock had a trading volume of 370,000 shares, compared to its average volume of 295,684. The Pennant Group has a one year low of $22.25 and a one year high of $44.24. The company has a market capitalization of $1.54 billion, a P/E ratio of 48.93, a P/E/G ratio of 2.64 and a beta of 1.33. The stock’s fifty day simple moving average is $40.15 and its two-hundred day simple moving average is $35.61. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.20 and a current ratio of 1.20.

Wall Street Analysts Forecast Growth

PNTG has been the topic of a number of research reports. Wells Fargo & Company upped their price target on The Pennant Group from $45.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. Royal Bank Of Canada raised their price objective on The Pennant Group from $42.00 to $44.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. Truist Financial boosted their price objective on The Pennant Group from $42.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Finally, Weiss Ratings raised The Pennant Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 19th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $46.00.

The Pennant Group Company Profile

The Pennant Group, Inc is a healthcare services company that operates home health, hospice and senior living businesses in the United States. Through its affiliated agencies and communities, the company provides skilled nursing, physical, occupational and speech therapy, personal care, hospice and palliative services, assisted living, and other support for older adults and individuals recovering from illness or injury.

Pennant’s home health and hospice operations serve patients in their homes and other residential settings, while its senior living segment operates communities that provide assisted living and related services.