PACS Group (PACS) to Release Earnings on Thursday

PACS Group (NYSE:PACS) will announce its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.33 per share for the quarter. PACS Group has set its FY 2024 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

PACS Group (NYSE:PACS) last announced its quarterly earnings results on Monday, August 12th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.35 by ($0.42). The company had revenue of $981.80 million during the quarter, compared to analyst estimates of $919.22 million. The company’s revenue for the quarter was up 29.1% on a year-over-year basis. On average, analysts expect PACS Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

PACS Group Stock Performance

PACS Group stock traded down $0.94 during mid-day trading on Tuesday, hitting $30.07. 1,819,340 shares of the company were exchanged, compared to its average volume of 700,541. The business has a fifty day moving average of $39.92 and a 200 day moving average of $33.92. PACS Group has a 1-year low of $22.30 and a 1-year high of $43.92. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.71 and a current ratio of 1.71.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PACS shares. Stephens lifted their price target on shares of PACS Group from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, August 13th. UBS Group began coverage on PACS Group in a report on Wednesday, October 9th. They issued a “buy” rating and a $50.00 target price on the stock. Truist Financial increased their price objective on PACS Group from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Oppenheimer raised their target price on shares of PACS Group from $32.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, August 13th. Finally, Citigroup assumed coverage on PACS Group in a research report on Wednesday, September 11th. They set a “buy” rating and a $45.00 price target for the company. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, PACS Group presently has a consensus rating of “Buy” and an average target price of $39.38.

About PACS Group

PACS Group, Inc, through its subsidiaries, operates skilled nursing facilities and assisted living facilities in the United States. The company also provides senior care and independent facilities. It engages in the acquisition, ownership, and leasing of health care-related properties. The company was founded in 2013 and is based in Farmington, Utah.