PACS Group (PACS) to Release Quarterly Earnings on Thursday

PACS Group (NYSE:PACS) is set to 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.

PACS Group (NYSE:PACS) last posted its quarterly earnings data on Monday, August 12th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.35 by ($0.42). The firm had revenue of $981.80 million during the quarter, compared to analysts’ expectations of $919.22 million. The business’s quarterly revenue 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 Trading Down 0.6 %

NYSE PACS opened at $42.68 on Friday. The stock’s 50-day moving average price is $40.10 and its 200-day moving average price is $33.60. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.82. PACS Group has a 52 week low of $22.61 and a 52 week high of $43.23.

Wall Street Analyst Weigh In

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