An update from Pennant Group ( (PNTG) ) is now available.
The Pennant Group reported its financial results for the fiscal year and fourth quarter of 2024, highlighting a significant increase in revenue and net income compared to the previous year. The company achieved a total revenue of $695.2 million for the year, marking a 27.6% increase, and a net income of $22.6 million, a 68.6% rise over the prior year. The Home Health and Hospice Services segment saw substantial growth, with a 31.7% increase in revenue for the year. The company also provided guidance for 2025, anticipating continued growth with expected total revenue between $800 million and $865 million.
More about Pennant Group
The Pennant Group, Inc. is a holding company of independent operating subsidiaries providing healthcare services through 123 home health and hospice agencies and 57 senior living communities across several states in the U.S. Each business operates independently with its own management, employees, and assets.
YTD Price Performance: -3.63%
Average Trading Volume: 201,164
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $875.9M
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