NASDAQ: PNTG – In a research note distributed to investors on Thursday, January 19, 2019, equity research analysts from Oppenheimer disclosed their forecasts for The Pennant Group’s earnings per share for the first quarter of 2023.
M. Wiederhorn of Oppenheimer forecasts that the company will generate $0.09 in earnings per share during the third quarter of the current fiscal year.
According to the average projection made by market analysts, The Pennant Group’s earnings for the entire fiscal year are expected to come in at $0.39 per share.
Additionally, according to the projections made by Oppenheimer, The Pennant Group will earn $0.11 per share in the second quarter of 2023, $0.14 per share in the third quarter, and $0.16 per share in the fourth quarter of that same year.
On Monday, November 7, the most recent quarterly earnings report for The Pennant Group (NASDAQ: PNTG) was made public. The company came in with earnings per share (EPS) of $0.22 for the quarter, which was $0.10 more than anticipated, which was $0.12 per share on average. The company’s most recent quarter ended with actual sales of $118.35 million, significantly higher than the average forecast of $115.72 million that the company had previously provided. The Pennant Group achieved a net margin of 0.22% and a return on equity of 9.01%, respectively, in the most recent quarter.
When trading began on Monday, the price of a share of PNTG stock was $12.07 per share. Over the past 50 days, the moving average price of the company was $10.67, and over the past 200 days, it was $12.40. 0.92 is the value reached when the current ratio, the quick ratio, and the debt-to-equity ratio are all added up. The ratio of debt to equity is currently 0.46. The firm possesses strong financial indicators, such as a market value of $358.20 million, a PE ratio of 603.80, a price-to-earnings-growth ratio of 1.99, and a beta value of 2.14.
In addition, the firm has a price-to-earnings-growth ratio of 1.99. The price growth to earnings growth ratio currently stands at 1.99.
During the previous year, the price of a share in The Pennant Group reached a high of $20.28 and a low of $8.68.
Several other equity research professionals recently published studies on the company’s stock. The most recent events are the primary focus of these papers.
In a research note published on November 9, the Royal Bank of Canada lowered its “outperform” rating on shares of The Pennant Group and decreased its price objective on those shares from $23.00 to $18.00. Stephens lowered their price objective for The Pennant Group from $16.00 to $14.00 and classified the company as “equal weight” in a research note published on Wednesday, November 9. 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 information made available by Bloomberg, the average rating for the company right now is “Hold,” and the price target agreed upon by most analysts is $17.60.
In other news about the company, Company Director John G. Nickel purchased 20,000 shares of the company’s stock on November 30.
It costs a total of $202,600.00 to purchase the shares, which works out to an average price of $10.13 per share. Following the successful conclusion of the transaction, the director was awarded direct ownership of 82,652 shares of the company’s stock, each of which has a current market value of $837,264.76. On the Securities and Exchange Commission’s (SEC) website, you can access the information submitted to the SEC regarding the transaction, which is currently available. The percentage of the company’s stock owned by company insiders is 10.30%.
A few hedge funds have made recent adjustments to the percentage of their holdings invested in the company, either increasing the percentage or decreasing it. Quantbot Technologies LP increased its stake in The Pennant Group by twenty-seven thousand dollars during the third quarter, bringing the company’s total investment to forty thousand dollars.
During the first three months of the year, Captrust Financial Advisors was able to amass an additional 34.8% of The Pennant Group stock, bringing their total ownership percentage to 68.4%. Captrust Financial Advisors now holds 4,098 shares of the company’s stock, which has a value of $76,000 following the purchase of an additional 1,057 shares during the most recent fiscal quarter.
During the third quarter, Tower Research Capital LLC (TRC) increased the total percentage of The Pennant Group, which is owned by a total of 217.0%.
After making a new purchase of 3,056 shares during the most recent fiscal quarter, Tower Research Capital LLC (TRC) now owns 4,464 shares. The current value of these shares is $46,000. Tower Research Capital LLC TRC.
During the second quarter, Mutual of America Capital Management LLC accomplished an increase of 16.8% in the proportion of The Pennant Group owned by it.
During the most recent quarter, Mutual of America Capital Management LLC increased its company stock holdings by 655, bringing the total number of shares it owns to 4,553, with a market value of $58,000.
Allspring Global Investments Holdings LLC, not to be outdone, purchased stock in The Pennant Group during the third quarter for $47,000. This purchase was made to keep up with other investors. The company’s equity is owned by institutions to 86.18%, making up 86.18% of the total equity.
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