The Pennant Group (NASDAQ:PNTG) Issues FY 2022 Earnings Guidance

The Pennant Group (NASDAQ:PNTGGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided EPS guidance of $0.55-$0.60 for the period, compared to the consensus EPS estimate of $0.64. The company issued revenue guidance of $458.00 million-$462.00 million, compared to the consensus revenue estimate of $460.40 million.

The Pennant Group Stock Performance

NASDAQ:PNTG opened at $9.87 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.92 and a quick ratio of 0.92. The Pennant Group has a 1 year low of $8.68 and a 1 year high of $24.23. The stock’s 50 day simple moving average is $11.67 and its two-hundred day simple moving average is $13.98. The company has a market cap of $292.94 million, a price-to-earnings ratio of 493.75, a PEG ratio of 1.92 and a beta of 2.35.

Wall Street Analyst Weigh In

PNTG has been the topic of several analyst reports. Stephens dropped their target price on The Pennant Group from $16.00 to $14.00 and set an equal weight rating on the stock in a report on Wednesday, November 9th. Truist Financial increased their price target on The Pennant Group from $12.00 to $18.00 and gave the stock a hold rating in a research report on Wednesday, August 10th. Royal Bank of Canada lowered their price target on The Pennant Group from $23.00 to $18.00 and set an outperform rating on the stock in a research report on Wednesday, November 9th. Finally, Oppenheimer began coverage on The Pennant Group in a research report on Thursday, August 25th. They issued an outperform rating and a $22.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $17.60.

Institutional Trading of The Pennant Group

A number of institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC lifted its holdings in shares of The Pennant Group by 217.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,464 shares of the company’s stock valued at $46,000 after purchasing an additional 3,056 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of The Pennant Group by 34.8% during the 1st quarter. Captrust Financial Advisors now owns 4,098 shares of the company’s stock worth $76,000 after purchasing an additional 1,057 shares during the period. Quantbot Technologies LP acquired a new stake in The Pennant Group in the 1st quarter valued at $79,000. Teachers Retirement System of The State of Kentucky bought a new position in shares of The Pennant Group during the third quarter worth about $86,000. Finally, Cubist Systematic Strategies LLC bought a new position in The Pennant Group in the third quarter worth about $152,000. 88.56% of the stock is owned by hedge funds and other institutional investors.

The Pennant Group Company Profile

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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.

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Earnings History and Estimates for The Pennant Group (NASDAQ:PNTG)

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