The Ensign Group, Inc. (NASDAQ:ENSG) Expected to Post Earnings of $0.88 Per Share

Analysts forecast that The Ensign Group, Inc. (NASDAQ:ENSG) will announce earnings per share of $0.88 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for The Ensign Group’s earnings, with the lowest EPS estimate coming in at $0.87 and the highest estimate coming in at $0.89. The Ensign Group posted earnings per share of $0.78 in the same quarter last year, which would indicate a positive year over year growth rate of 12.8%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, August 4th.

According to Zacks, analysts expect that The Ensign Group will report full-year earnings of $3.60 per share for the current financial year, with EPS estimates ranging from $3.58 to $3.61. For the next financial year, analysts expect that the company will report earnings of $3.90 per share, with EPS estimates ranging from $3.86 to $3.94. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow The Ensign Group.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings results on Thursday, April 29th. The company reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.08. The Ensign Group had a net margin of 7.33% and a return on equity of 21.34%. The business had revenue of $627.25 million during the quarter, compared to analysts’ expectations of $633.25 million.

A number of research firms have commented on ENSG. Stifel Nicolaus began coverage on shares of The Ensign Group in a research note on Tuesday, June 22nd. They issued a “buy” rating for the company. Royal Bank of Canada boosted their price objective on shares of The Ensign Group from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, May 3rd. Truist Financial boosted their price objective on shares of The Ensign Group from $90.00 to $98.00 in a report on Wednesday, April 14th. Finally, Truist Securities boosted their price objective on shares of The Ensign Group from $90.00 to $98.00 and gave the stock a “hold” rating in a report on Wednesday, April 14th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $83.14.

ENSG stock traded down $1.56 during midday trading on Thursday, reaching $84.81. The company had a trading volume of 122,500 shares, compared to its average volume of 273,976. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.13. The Ensign Group has a 1 year low of $44.47 and a 1 year high of $98.66. The company has a market cap of $4.66 billion, a P/E ratio of 27.16, a P/E/G ratio of 1.72 and a beta of 1.01. The company’s 50-day moving average is $85.10.

The company also recently declared a quarterly dividend, which will be paid on Saturday, July 31st. Investors of record on Wednesday, June 30th will be issued a dividend of $0.0525 per share. The ex-dividend date of this dividend is Tuesday, June 29th. This represents a $0.21 dividend on an annualized basis and a yield of 0.25%. The Ensign Group’s dividend payout ratio is currently 7.14%.

In related news, Director Daren Shaw sold 1,500 shares of the company’s stock in a transaction on Friday, July 16th. The shares were sold at an average price of $87.52, for a total transaction of $131,280.00. Following the completion of the sale, the director now directly owns 42,411 shares in the company, valued at approximately $3,711,810.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lee A. Daniels sold 983 shares of the company’s stock in a transaction on Monday, June 21st. The shares were sold at an average price of $83.72, for a total transaction of $82,296.76. Following the sale, the director now owns 44,987 shares of the company’s stock, valued at $3,766,311.64. The disclosure for this sale can be found here. Insiders have sold a total of 3,966 shares of company stock valued at $338,026 over the last quarter. 6.20% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of ENSG. Cullen Frost Bankers Inc. purchased a new position in The Ensign Group during the 1st quarter valued at $27,000. Tompkins Financial Corp purchased a new position in The Ensign Group during the 1st quarter valued at $30,000. Logan Capital Management Inc. purchased a new position in The Ensign Group during the 1st quarter valued at $42,000. Eaton Vance Management purchased a new position in The Ensign Group during the 1st quarter valued at $46,000. Finally, FMR LLC increased its position in The Ensign Group by 119.0% during the 1st quarter. FMR LLC now owns 1,682 shares of the company’s stock valued at $86,000 after purchasing an additional 914 shares during the period. 86.78% of the stock is currently owned by institutional investors and hedge funds.

The Ensign Group Company Profile

The Ensign Group, Inc engages in the provision of healthcare services, as well as urgent care centers and mobile ancillary businesses. It operates through the following business segments: Transitional and Skilled Services, Senior Living Services, and Home Health and Hospice Services. The Transitional and Skilled Services segment involves in providing patients with medical, nursing, rehabilitative, pharmacy, and routine services, including daily dietary, social, and recreational services.

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