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Pennant Group (PNTG) is set to report quarterly earnings on Monday. – Best Stocks

Written by Amanda

Pennant Group (PNTG) is set to report quarterly earnings on Monday.  Best Stocks

On Monday, November 7, after the stock market has closed, The Pennant Group (NASDAQ: PNTG) will announce the company’s financial results for the third quarter of its fiscal year. Earnings per share for The Pennant Group’s quarterly report are anticipated to come in at $0.18, by projections made by market analysts.

The most recent results of Pennant Group’s financial operations were disclosed on the company’s website on Monday, August 8, under the NASDAQ: PNTG. The company reported $0.07 per share earnings for the quarter, which came in $0.01 lower than the average estimate of $0.08 per share. The Pennant Group’s return on equity was positive at 4.92%, but its net margin was negative at 0.57% of its revenue. The company’s most recent quarter’s sales came in at $116.32 million, which is a significant increase over the consensus projection of $113.14 million in sales for the quarter. For The Pennant Group, the current fiscal year is projected to end with a loss of one dollar per share, while the year after that is projected to end with a profit of one dollar per share.
During the trading session on Friday, PNTG’s price increased by $0.44, which brought it to $13.27 overall. In comparison to the typical volume of 117,288 shares traded, only 259 shares of the company’s stock were transacted. There is a one-to-one correspondence between the current ratio, the quick ratio, and the debt-to-equity ratio. The ratio of debt to equity is 0.45 right now. Throughout Pennant Group’s existence, the company experienced a 52-week low of $8.68 and a 52-week high of $27.22 in its stock price. The moving average for the company over the past 50 days is $12.78, and the moving average over the past 200 days is $14.52. The company has a P/E ratio currently sitting at -132.69, a P/E/G ratio currently sitting at 2.51, and a beta currently sitting at 2.35. The market capitalization of the company is currently sitting at $392.13 million at this time.
As a result of recent occurrences, several analysts have begun to concentrate their attention on the PNTG stock. Truist Financial raised their price target on The Pennant Group shares from $12.00 to $18.00 and upgraded the stock from a “hold” rating to a “buy” rating in a research note published on Wednesday, August 10. In addition, Oppenheimer published a research note on Thursday, August 25, announcing that the firm would begin covering shares of The Pennant Group. They have given the company an “outperform” rating and determined that its price target should be $22.00. Two equity research specialists advise considering a stock purchase, while the other three say the stock should be held off-market for the time being. According to Bloomberg, the current consensus rating for the company is “Hold,” and the current consensus price objective is $19.80 for the company’s stock.

Due to recent occurrences, hedge funds and institutional investors have modified their company stock holdings and taken new positions. Captrust Financial Advisors increased its ownership stake in The Pennant Group by 34.8% during the first three months of the year by purchasing additional stock. After making an additional purchase of 1,057 shares during the period in question, Captrust Financial Advisors now holds 4,098 shares of the company’s stock. Based on the current market price, this gives the firm a value of $76,000. During the first three months of 2018, Quantbot Technologies LP spent approximately $79,000 to acquire an additional interest in The Pennant Group. US Bancorp Delaware increased its ownership stake in The Pennant Group by 19.5% during the first three months of 2018. Following the acquisition of an additional 1,999 shares during the period in question, US Bancorp DE now holds 12,249 shares of the company’s stock. The value of these shares is currently $229,000. The acquisition of a new stake in The Pennant Group required an investment of approximately $277,000 on the part of Jane Street Group LLC during the first three months of the year.
Last, Envestnet Asset Management Inc. purchased an additional ownership stake in The Pennant Group during the first quarter of the year at approximately $293,000. In the same period, Captrust Financial Advisors purchased an additional 34.8% ownership stake in The Pennant Group. After making an additional purchase of 1,057 shares during the period in question, Captrust Financial Advisors now holds 4,098 shares of the company’s stock. Based on the current market price, this gives the firm a value of $76,000. During the first three months of 2018, Quantbot Technologies LP paid approximately $79,000 to acquire an additional interest in The Pennant Group, and US Bancorp DE increased its ownership stake in The Pennant Group by 19.5% during the same period. Following the acquisition of an additional 1,999 shares during the period in question, US Bancorp DE now holds 12,249 shares of the company’s stock. The value of these shares is currently $229,000. The acquisition of a new stake in The Pennant Group required an investment of approximately $277,000 on the part of Jane Street Group LLC during the first three months of the year. Last but not least, during the first three months of the year, Envestnet Asset Management Inc. purchased an additional share of The Pennant Group at approximately $293,000. Institutional investors account for ownership of the company’s stock in an amount equivalent to 88.56% of the time.

The Pennant Group, Inc. is a nationwide provider of healthcare-related services in every state in the United States. Senior Living Services and Home Health and Hospice Services are the umbrella categories under which it falls when conducting business. Patients nearing the end of their lives and their families can receive clinical care, information, and counseling from this company to meet their physical, spiritual, and emotional needs. In addition, the business offers clinical services such as nursing, speech, occupational, and physical therapy, as well as medical social work and the assistance of home health aides in the form of home health services. Customers have access to these two different types of services.

Source: news.google.com

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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