The Pennant Group (NASDAQ:PNTG – Get Free Report) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.340-1.410 for the period, compared to the consensus estimate of 1.310. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. Weiss Ratings downgraded The Pennant Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 21st. Wells Fargo & Company upped their price target on shares of The Pennant Group from $41.00 to $45.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Truist Financial boosted their target price on The Pennant Group from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Royal Bank Of Canada upped their price objective on The Pennant Group from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Finally, Wall Street Zen raised The Pennant Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.
Get Our Latest Research Report on The Pennant Group
The Pennant Group Stock Up 0.5%
The Pennant Group (NASDAQ:PNTG – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. The Pennant Group had a net margin of 2.96% and a return on equity of 10.07%. The business had revenue of $297.98 million during the quarter, compared to analyst estimates of $288.71 million. The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. As a group, analysts expect that The Pennant Group will post 1.14 earnings per share for the current fiscal year.
Institutional Investors Weigh In On The Pennant Group
A number of large investors have recently modified their holdings of the business. Quarry LP purchased a new stake in shares of The Pennant Group during the third quarter valued at $37,000. Quadrant Capital Group LLC boosted its position in The Pennant Group by 608.7% in the fourth quarter. Quadrant Capital Group LLC now owns 3,182 shares of the company’s stock valued at $90,000 after buying an additional 2,733 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in The Pennant Group by 651.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,398 shares of the company’s stock worth $86,000 after buying an additional 2,946 shares during the period. Tower Research Capital LLC TRC increased its holdings in The Pennant Group by 161.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,987 shares of the company’s stock worth $119,000 after buying an additional 2,463 shares during the period. Finally, Mariner LLC acquired a new stake in The Pennant Group during the 4th quarter valued at approximately $214,000. Hedge funds and other institutional investors own 85.88% of the company’s stock.
About The Pennant Group
The Pennant Group (NASDAQ: PNTG) is a publicly traded holding company that provides specialized services to the asset management industry. Through its operating subsidiaries, the company delivers outsourced fund administration, securities lending, prime brokerage, and capital markets solutions designed to support hedge funds, private equity firms, mutual funds and other institutional investors. By leveraging a combination of technology platforms and industry expertise, The Pennant Group helps clients streamline middle- and back-office processes, enhance operational efficiency and manage regulatory requirements.
Key service offerings include fund accounting and reporting, trade settlement and reconciliation, risk monitoring, securities lending programs and execution support across a range of asset classes.
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