The Pennant Group, Inc. provides healthcare services in the United States. It operates in two segments, Home Health and Hospice Services, and Senior Living Services. The company offers home health services, including clinical services, such as nursing, speech, occupational and physical therapy, medical social work, and home health aide services; and hospice services comprising clinical care, education, and counseling services for the physical, spiritual, and psychosocial needs of terminally ill patients and their families. It also provides senior living services, such as residential accommodations, activities, meals, housekeeping, and assistance in the activities of daily living to seniors, who are independent or who require some support. As of August 9, 2021, the company operated 86 home health and hospice agencies, and 54 senior living communities in Arizona, California, Colorado, Idaho, Iowa, Montana, Nevada, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin, and Wyoming. The Pennant Group, Inc. was incorporated in 2019 and is headquartered in Eagle, Idaho.
IPO Year:
Exchange: NASDAQ
Website: pennantgroup.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/5/2024 | $14.00 → $18.00 | Equal-Weight → Overweight | Stephens |
| 2/27/2023 | $15.00 → $16.00 | Hold → Buy | Stifel |
| 8/25/2022 | $22.00 | Outperform | Oppenheimer |
| 6/21/2022 | $23.00 → $17.00 | Overweight → Equal-Weight | Stephens |
| 3/10/2022 | $37.00 → $26.00 | Outperform | RBC Capital |
| 3/2/2022 | $33.00 → $26.00 | Overweight | Stephens & Co. |
| 3/1/2022 | $32.00 → $18.00 | Buy → Hold | Stifel |
| 11/10/2021 | $44.00 → $37.00 | Outperform | RBC Capital |
| 9/21/2021 | $37.00 | Buy | Stifel |
4 - Pennant Group, Inc. (0001766400) (Issuer)
4 - Pennant Group, Inc. (0001766400) (Issuer)
4 - Pennant Group, Inc. (0001766400) (Issuer)
4 - Pennant Group, Inc. (0001766400) (Issuer)
4 - Pennant Group, Inc. (0001766400) (Issuer)
4 - Pennant Group, Inc. (0001766400) (Issuer)
4 - Pennant Group, Inc. (0001766400) (Issuer)
4 - Pennant Group, Inc. (0001766400) (Issuer)
4 - Pennant Group, Inc. (0001766400) (Issuer)
4 - Pennant Group, Inc. (0001766400) (Issuer)
EAGLE, Idaho, Nov. 01, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ:PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, today announced that it has acquired the operations of the following premier senior living facilities in Green Bay and Appleton, Wisconsin. The acquisition is effective today, November 1, 2024, and will be subject to a long-term, triple net lease: Marla Vista Assisted Living and Manor, now to be known as Blue Jay Springs Senior Living and Memory Care;Carrington Assisted Living, now to be known as Autumn Embers Senior Living; andCarolina Assisted Living, now to be known as Lotus Gardens Seni
EAGLE, Idaho, Oct. 21, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ:PNTG), the parent company of operating subsidiaries that provide home health, hospice and senior living services, announced today that it expects to issue its third quarter 2024 financial results on Wednesday, November 6, 2024. Pennant invites current and prospective investors to tune into a live webcast to be held the following day, Thursday, November 7, 2024, at 10:00 a.m. Mountain Time (12:00 p.m. Eastern Time), during which Pennant's management will discuss its third quarter results. To listen to the webcast, or to view any financial or other statistical information required by SEC Regulation G, please vi
EAGLE, Idaho, Oct. 02, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ:PNTG) (the "Company") today announced the pricing of an underwritten public offering of 3,500,000 shares of its common stock at a public offering price of $31.00 per share. The gross proceeds from the offering, before deducting underwriting discounts and commissions and offering expenses, are expected to be $108.5 million. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 525,000 shares of common stock. The Company expects to use the net proceeds from the offering to repay outstanding indebtedness under the Company's revolving credit facility and any remaining
EAGLE, Idaho, Sept. 30, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ:PNTG) (the "Company") today announced that it has commenced an underwritten public offering of 3,500,000 shares of common stock of the Company. The Company intends to grant the underwriters a 30-day option to purchase up to 525,000 additional shares of common stock. The Company expects to use the net proceeds from the offering to repay outstanding indebtedness under the Company's revolving credit facility and any remaining for general corporate purposes. Citigroup and Truist Securities are acting as the lead book-running managers for the offering. Wells Fargo Securities and RBC Capital Markets are acting as
EAGLE, Idaho, Aug. 06, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ:PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, today announced its operating results for the second quarter of 2024, reporting GAAP diluted earnings per share of $0.18 for the second quarter of 2024. Pennant also reported adjusted diluted earnings per share of $0.24 for the quarter (1). Second Quarter Highlights Total revenue for the second quarter was $168.7 million, an increase of $36.5 million or 27.6% over the prior year quarter; Net income for the second quarter was $5.7 million, an increase of $2.9 million or 103.4% over
EAGLE, Idaho, Aug. 01, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ:PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, announced today that it has completed its purchase of the Washington and Idaho assets of Signature Healthcare at Home. Pennant previously announced its agreement to purchase the Signature assets, with the planned closing of Signature's Washington and Idaho assets on August 1, and a second purchase agreement capturing Signature's Oregon business closing on January 1, 2025. Today's acquisition will add to Pennant's existing strength in Idaho, and build out Pennant's Washington footprint in a critical c
EAGLE, Idaho, Aug. 01, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ:PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, today announced that the Company has increased its credit facility by $100 million to an aggregate of $250 million. The borrowings are supported by a lending consortium arranged by Truist Securities. The new facility expires on July 31, 2029. "This amended facility further strengthens our balance sheet, and together with our strong operating cash flow, creates significant dry powder for future growth," said Brent Guerisoli, Pennant's Chief Executive Officer. "As always, we will be disciplined and prud
EAGLE, Idaho, July 23, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ:PNTG), the parent company of operating subsidiaries that provide home health, hospice and senior living services, announced today that it expects to issue its second quarter 2024 financial results on Tuesday, August 6, 2024. Pennant invites current and prospective investors to tune into a live webcast to be held the following day, Wednesday, August 7, 2024, at 10:00 a.m. Mountain Time (12:00 p.m. Eastern Time), during which Pennant's management will discuss its second quarter results. To listen to the webcast, or to view any financial or other statistical information required by SEC Regulation G, please visit
EAGLE, Idaho, July 11, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ:PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, announced today that it has entered into asset purchase agreements to acquire assets of certain affiliates of Signature Healthcare at Home ("Signature") for a combined purchase price of $80,000,000. Signature is a key provider of home health and hospice services in the Pacific Northwest, with multiple locations throughout Oregon, Washington and Idaho. Signature employs a team of over 650 dedicated home health and hospice staff, with annual revenue of approximately $78 million, home health admissions o
EAGLE, Idaho, June 18, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ:PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, announced today that it has entered into a management and consulting services agreement to provide operational support to Hartford HealthCare at Home (HHCAH), the home health and hospice business of Hartford HealthCare. Hartford HealthCare is the highest ranking in quality, comprehensive non-profit integrated health system in Connecticut, and HHCAH's home-based care spans the state, with eight locations, more than 1,000 employees, and more than 33,000 home health admissions and approximately 4,000 hos
Pennant Gr (NASDAQ:PNTG) has been analyzed by 5 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 3 2 0 0 Last 30D 0 0 1 0 0 1M Ago 0 1 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 2 1 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $25.4, along with a high estimate of $28.00 and a low estimate of $23.00. This upward trend
Truist Securities analyst David Macdonald maintains Pennant Gr (NASDAQ:PNTG) with a Hold and raises the price target from $25 to $28.
- Reuters
Throughout the last three months, 4 analysts have evaluated Pennant Gr (NASDAQ:PNTG), offering a diverse set of opinions from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 3 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 2 1 0 0 3M Ago 0 0 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $24.75, a high estimate of $26.00, and a low estimate of $23.00. Surpassing the previous average price target o
Stephens & Co. analyst Scott Fidel reiterates Pennant Gr (NASDAQ:PNTG) with a Overweight and maintains $25 price target.
Truist Securities analyst David Macdonald maintains Pennant Gr (NASDAQ:PNTG) with a Hold and raises the price target from $22 to $25.
During the last three months, 4 analysts shared their evaluations of Pennant Gr (NASDAQ:PNTG), revealing diverse outlooks from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 3 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 1 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 1 1 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $23.0, with a high estimate of $26.00 and a low estimate of $21.00. This upward trend is apparent, wi
RBC Capital analyst Ben Hendrix maintains Pennant Gr (NASDAQ:PNTG) with a Outperform and raises the price target from $21 to $26.
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EAGLE, Idaho, May 22, 2023 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ:PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, today announced that its Board of Directors has appointed Lynette Walbom as Chief Financial Officer effective May 22, 2023. Before joining Pennant, Ms. Walbom was Vice President of Financial Reporting & Tax for Raising Cane's Restaurants, LLC, a national restaurant chain operating in 35 states, which more than doubled in size—based on number of restaurants and geographic footprint—during her tenure. At Raising Cane's, Ms. Walbom had broad responsibility for financial reporting, acquisitions, tax, accou
EAGLE, Idaho, Feb. 28, 2023 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ:PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, today announced the appointment of Barry Smith as Chairman of its board of directors and Brent Guerisoli as a member of its board of directors. Mr. Smith has served on Pennant's board since 2021. He previously served as Chairman and CEO of Magellan Health, Inc., the nation's largest provider of behavioral health services and a leading provider of pharmacy benefit management services, from 2013 to 2019, and as Chairman, President and CEO of VistaCare, a national hospice provider, from 1996 to 2002. "Ba
EAGLE, Idaho, June 07, 2022 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ:PNTG), the parent company of operating subsidiaries that provide home health, hospice and senior living services, announced today that its Board of Directors has appointed Brent Guerisoli, current President of Pennant, to succeed Daniel Walker as Chief Executive Officer of Pennant, effective August 1, 2022. Mr. Walker will continue to serve as chairman of Pennant's Board of Directors. Commenting on this announcement, Walker said, "After careful reflection, I have made the decision to reduce my professional obligations in consideration of family circumstances, to pursue charitable causes unrelated to Pennant or
EAGLE, Idaho, Dec. 23, 2021 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ:PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, today announced that Mr. Roderic W. Lewis notified the Board of Directors (the "Board") that he intends to retire as a director of the company effective December 31, 2021. The Company also announced that the Board has appointed Gregory K. Morris, MD to fill the seat vacated by Mr. Lewis beginning January 1, 2022. "Rod's deep experience with corporate governance and complex strategic transactions were critical as we completed the spin-off from Ensign and began our journey as a stand-alone public comp
8-K - Pennant Group, Inc. (0001766400) (Filer)
424B5 - Pennant Group, Inc. (0001766400) (Filer)
424B5 - Pennant Group, Inc. (0001766400) (Filer)
S-3ASR - Pennant Group, Inc. (0001766400) (Filer)
10-Q - Pennant Group, Inc. (0001766400) (Filer)
8-K - Pennant Group, Inc. (0001766400) (Filer)
8-K - Pennant Group, Inc. (0001766400) (Filer)
8-K - Pennant Group, Inc. (0001766400) (Filer)
8-K - Pennant Group, Inc. (0001766400) (Filer)
10-Q - Pennant Group, Inc. (0001766400) (Filer)
EAGLE, Idaho, Nov. 01, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ:PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, today announced that it has acquired the operations of the following premier senior living facilities in Green Bay and Appleton, Wisconsin. The acquisition is effective today, November 1, 2024, and will be subject to a long-term, triple net lease: Marla Vista Assisted Living and Manor, now to be known as Blue Jay Springs Senior Living and Memory Care;Carrington Assisted Living, now to be known as Autumn Embers Senior Living; andCarolina Assisted Living, now to be known as Lotus Gardens Seni
EAGLE, Idaho, Aug. 06, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ:PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, today announced its operating results for the second quarter of 2024, reporting GAAP diluted earnings per share of $0.18 for the second quarter of 2024. Pennant also reported adjusted diluted earnings per share of $0.24 for the quarter (1). Second Quarter Highlights Total revenue for the second quarter was $168.7 million, an increase of $36.5 million or 27.6% over the prior year quarter; Net income for the second quarter was $5.7 million, an increase of $2.9 million or 103.4% over
EAGLE, Idaho, May 16, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ:PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, today announced that it has acquired Nurses on Wheels, Inc. ("Nurses on Wheels"), which provides hospice services in Corpus Christi, Texas and the surrounding communities. "We are excited to expand the reach of our hospice operations in south Texas," said Brent Guerisoli, Chief Executive Officer of Pennant. "Our strategy of empowering local leaders to meet the needs of local communities has resonated deeply across our platform and we look forward to bringing our innovative operating model an
EAGLE, Idaho, May 06, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ:PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, today announced its operating results for the first quarter of 2024, reporting GAAP diluted earnings per share of $0.16 for the first quarter of 2024. Pennant also reported adjusted diluted earnings per share of $0.20 for the quarter (1). First Quarter Highlights Total revenue for the quarter was $156.9 million, an increase of $30.5 million or 24.1% over the prior year quarter; Net income for the first quarter was $4.9 million, an increase of $3.1 million or 165.2%
EAGLE, Idaho, May 01, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ:PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, today announced that it has acquired the operations of Veranda Senior Living at Paramount, a 73 unit assisted living and memory care community located in Meridian, Idaho. "We are very excited to expand our senior living portfolio in Idaho. The acquisition of this senior living community allows us to expand our offerings in southwestern Idaho, and further solidify us as an employer and provider of choice in these communities," said Brent Guerisoli, Chief Executive Officer of Pennant.
EAGLE, Idaho, May 01, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ:PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, today announced that it has acquired South Davis Home Health and South Davis Hospice ("South Davis"), which provides skilled home health and hospice services in Davis County, Utah. "This acquisition provides us with an opportunity to further expand in the state of Utah, and will complement our agencies throughout central and northern Utah," said Brent Guerisoli, Chief Executive Officer of Pennant. "We continue to be the provider of choice in these communities, and this opportunity expands
EAGLE, Idaho, March 01, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ:PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, today announced that it has acquired the real estate and operations of Capitol Hill Senior Living, a 113 unit assisted living and memory care community located in Salt Lake City, Utah and Southgate Senior Living, a 75 unit assisted living and memory care community in St. George, Utah. This acquisition is effective March 1, 2024. "We are very excited to expand our senior living portfolio into Utah. The acquisition of these senior living communities will allow us to expand our services o
EAGLE, Idaho, Feb. 28, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ:PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, today announced its operating results for the fiscal year and fourth quarter of 2023, reporting GAAP diluted earnings per share of $0.44 and $0.14 for the year ended December 31, 2023 and the fourth quarter, respectively. Pennant also reported adjusted diluted earnings per share of $0.73 for the year and $0.22 for the quarter (1). Fourth Quarter Highlights Total revenue for the full year was $544.9 million, an increase of $71.7 million or 15.1% over the prior year, and for the quarter was $146.0 mill
EAGLE, Idaho, Dec. 01, 2023 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ:PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, today announced that it has acquired Southwestern Palliative Care and Hospice ("Southwestern"), which provides skilled hospice services in Yuma, Arizona. "We are pleased to continue our growth in the state of Arizona, and complement our agencies in Southern Arizona," said Brent Guerisoli, Chief Executive Officer of Pennant. "This acquisition further solidifies our commitment to these communities, and expands our ability to provide life-changing hospice services to residents of Yuma and its
EAGLE, Idaho, Nov. 07, 2023 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ:PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, today announced its operating results for the third quarter of 2023, reporting GAAP diluted earnings per share of $0.15 and adjusted diluted earnings per share of $0.20 for the quarter (1). Third Quarter Highlights Total revenue for the quarter was $140.2 million, an increase of $21.8 million or 18.5% over the prior year quarter;Net income for the third quarter was $4.4 million and adjusted net income for the third quarter was $6.0 million, an increase of $1.8 million or 44.4% over th
Stephens upgraded Pennant Group from Equal-Weight to Overweight and set a new price target of $18.00 from $14.00 previously
Stifel upgraded Pennant Group from Hold to Buy and set a new price target of $16.00 from $15.00 previously
Oppenheimer initiated coverage of Pennant Group with a rating of Outperform and set a new price target of $22.00
Stephens downgraded Pennant Group from Overweight to Equal-Weight and set a new price target of $17.00 from $23.00 previously
RBC Capital reiterated coverage of Pennant Gr with a rating of Outperform and set a new price target of $26.00 from $37.00 previously
Stephens & Co. reiterated coverage of Pennant Group with a rating of Overweight and set a new price target of $26.00 from $33.00 previously
Stifel downgraded Pennant Group from Buy to Hold and set a new price target of $18.00 from $32.00 previously
RBC Capital reiterated coverage of Pennant Group with a rating of Outperform and set a new price target of $37.00 from $44.00 previously
Stifel initiated coverage of Pennant Group with a rating of Buy and set a new price target of $37.00
RBC Capital upgraded Pennant Group from Market Perform to Outperform and set a new price target of $50.00