For the quarter ended June 2024, The Pennant Group, Inc. (PNTG) reported revenue of $168.75 million, up 27.6% over the same period last year. EPS came in at $0.24, compared to $0.18 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $156.71 million, representing a surprise of +7.68%. The company delivered an EPS surprise of +14.29%, with the consensus EPS estimate being $0.21. While investors scrutinize revenue and earnings changes year-over-year and how they compare w ...

The Pennant Group, Inc. (PNTG) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 14.29%. A quarter ago, it was expected that this company would post earnings of $0.18 per share when it actually produced earnings of $0.20, delivering a surprise of 11.11%. Over the last four quarters, th ...

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 Si ...

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 wi ...

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 wi ...

To listen to the webcast, or to view any financial or other statistical information required by SEC Regulation G, please visit the Investor Relations section of our website at http://investor.pennantgroup.com. The webcast will be recorded and will be available for replay via the website until 5:00 p.m. Mountain Time on August 6, 2025. The Pennant Group, Inc. is a holding company of independent operating subsidiaries that provide healthcare services through 118 home health and hospice agencies and 54 senior ...

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 Pen ...

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 through ...

Core Insights - The Pennant Group, Inc. has announced the acquisition of assets from Signature Healthcare at Home for a total purchase price of $80 million [1][5] - This acquisition aims to enhance Pennant's operational footprint in the Pacific Northwest, specifically in Washington, Oregon, and Idaho [2][12] Acquisition Details - The acquisition includes locations in Washington (Bellingham, Burlington, Everett, Federal Way), Oregon (seven locations in key population centers), and Idaho (Nampa and Payette) [2][5] - The purchase agreements are subject to customary closing conditions and regulatory approvals, with expected closing dates of August 1, 2024, for Washington and Idaho, and January 1, 2025, for Oregon [5] Strategic Importance - The acquisition is seen as a significant step in Pennant's growth strategy, allowing the company to deepen its presence in key states and leverage Signature's established operations and leadership [3][12] - Signature Healthcare at Home has a strong presence in the Pacific Northwest, employing over 650 staff and generating approximately $78 million in annual revenue [11] Leadership Perspectives - Pennant's leadership expressed confidence in the quality of Signature's operations and the alignment of values between the two companies, emphasizing the potential for professional growth for Signature's staff [6][12] - The acquisition is positioned as a strategic move to enhance operational capabilities and provide opportunities for leadership development within the combined organization [12]

Group 1 - A decisive breakout above 2,335 will indicate strength for gold, with last week's high of 2,388 being critical for a potential weekly breakout [1] - Gold has been trading below the rising parallel trend channel since June 7, which raises the risk of a deeper retracement [1] - A second upside breakout of the channel could continue if momentum is maintained once triggered [1] Group 2 - A bearish pennant pattern will trigger with a drop below the lower boundary, with 2,296 serving as a clearer signal for a potential breakdown [2] - A drop below the three-week low of 2,287 will confirm the bearish breakdown [2] Group 3 - Gold is on track to complete the week as an inside week unless it rallies above last week's high of 2,342 [3] - The current inside week setup indicates price contraction, typically followed by increased volatility [3] - The direction of the price movement will be determined by a breakout of the pennant pattern, with a breakdown being more likely unless support holds and a bullish breakout occurs [3]