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

The Pennant Group (NASDAQ:PNTG) issued its quarterly earnings data on Wednesday. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01, FiscalAI reports. The Pennant Group had a net margin of 3.36% and a return on equity of 9.85%. The business had revenue of $229.04 million during the quarter, compared to analyst estimates of $221.96 million. The Pennant Group updated its FY 2025 guidance to 1.140-1.180 EPS.

The Pennant Group Price Performance

Shares of PNTG stock traded down $1.42 during trading on Thursday, hitting $23.76. The company had a trading volume of 442,240 shares, compared to its average volume of 262,986. The stock has a market capitalization of $821.02 million, a price-to-earnings ratio of 30.46, a price-to-earnings-growth ratio of 2.08 and a beta of 1.39. The stock’s 50-day moving average is $24.75 and its two-hundred day moving average is $25.82. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.11. The Pennant Group has a 52 week low of $21.18 and a 52 week high of $34.27.

Institutional Trading of The Pennant Group

Several hedge funds and other institutional investors have recently bought and sold shares of PNTG. Tower Research Capital LLC TRC grew its holdings in shares of The Pennant Group by 161.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,987 shares of the company’s stock worth $119,000 after purchasing an additional 2,463 shares during the last quarter. Gamco Investors INC. ET AL purchased a new position in The Pennant Group during the second quarter valued at $242,000. AXA S.A. purchased a new position in The Pennant Group during the second quarter valued at $270,000. AQR Capital Management LLC lifted its position in The Pennant Group by 32.6% during the first quarter. AQR Capital Management LLC now owns 10,255 shares of the company’s stock valued at $258,000 after buying an additional 2,524 shares during the period. Finally, Jane Street Group LLC purchased a new position in The Pennant Group during the first quarter valued at $297,000. Hedge funds and other institutional investors own 85.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Stephens restated an “overweight” rating and set a $40.00 price target on shares of The Pennant Group in a report on Thursday, October 9th. Jefferies Financial Group started coverage on shares of The Pennant Group in a report on Friday, October 24th. They set a “buy” rating and a $30.00 price objective on the stock. Wall Street Zen downgraded shares of The Pennant Group from a “buy” rating to a “hold” rating in a report 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. Finally, Wells Fargo & Company lowered their price objective on The Pennant Group from $31.00 to $29.00 and set an “equal weight” rating on the stock in a research note 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 data from MarketBeat.com, The Pennant Group currently has an average rating of “Moderate Buy” and a consensus price target of $32.80.

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.