PACS Group (PACS) Scheduled to Post Quarterly Earnings on Thursday

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

PACS Group (NYSE:PACS) last released its quarterly earnings data on Monday, August 12th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.42). The business had revenue of $981.80 million for the quarter, compared to analysts’ expectations of $919.22 million. PACS Group’s revenue was up 29.1% compared to the same quarter last year. 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 Price Performance

Shares of PACS stock traded down $0.94 during midday trading on Tuesday, hitting $30.07. 1,819,340 shares of the company were exchanged, compared to its average volume of 700,541. PACS Group has a 52 week low of $22.30 and a 52 week high of $43.92. The firm’s 50 day moving average price is $39.92 and its two-hundred day moving average price is $33.92. 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

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