Wall Street analysts expect The Ensign Group, Inc. (NASDAQ:ENSG) to report earnings per share (EPS) of $0.54 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for The Ensign Group’s earnings, with estimates ranging from $0.53 to $0.55. The Ensign Group posted earnings per share of $0.44 in the same quarter last year, which would indicate a positive year over year growth rate of 22.7%. The company is scheduled to report its next earnings results on Thursday, August 1st.
On average, analysts expect that The Ensign Group will report full-year earnings of $2.27 per share for the current year, with EPS estimates ranging from $2.26 to $2.28. For the next financial year, analysts forecast that the firm will report earnings of $2.53 per share, with EPS estimates ranging from $2.47 to $2.60. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for The Ensign Group.
The Ensign Group (NASDAQ:ENSG) last issued its earnings results on Monday, May 6th. The company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.01. The business had revenue of $549.21 million for the quarter, compared to the consensus estimate of $545.09 million. The Ensign Group had a net margin of 4.59% and a return on equity of 17.23%. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 EPS.
A number of brokerages have commented on ENSG. BidaskClub downgraded shares of The Ensign Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. ValuEngine downgraded shares of The Ensign Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 3rd. Zacks Investment Research downgraded shares of The Ensign Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Finally, Oppenheimer upped their target price on shares of The Ensign Group from $52.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $44.17.
Shares of ENSG stock opened at $55.66 on Tuesday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 31.09, a P/E/G ratio of 1.74 and a beta of 0.86. The Ensign Group has a one year low of $34.69 and a one year high of $58.14.
In other news, CFO Suzanne D. Snapper sold 2,982 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $53.17, for a total transaction of $158,552.94. Following the transaction, the chief financial officer now directly owns 223,216 shares in the company, valued at $11,868,394.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Beverly B. Wittekind sold 868 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $53.17, for a total transaction of $46,151.56. Following the transaction, the vice president now owns 54,462 shares in the company, valued at $2,895,744.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,547 shares of company stock worth $242,252. Insiders own 6.70% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ENSG. Advisory Services Network LLC boosted its stake in shares of The Ensign Group by 86.4% during the fourth quarter. Advisory Services Network LLC now owns 727 shares of the company’s stock valued at $28,000 after purchasing an additional 337 shares in the last quarter. FMR LLC boosted its stake in shares of The Ensign Group by 65.5% during the fourth quarter. FMR LLC now owns 768 shares of the company’s stock valued at $30,000 after purchasing an additional 304 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of The Ensign Group by 25.6% during the first quarter. Macquarie Group Ltd. now owns 1,005 shares of the company’s stock valued at $51,000 after purchasing an additional 205 shares in the last quarter. Financial Gravity Wealth Inc. bought a new position in shares of The Ensign Group during the first quarter valued at approximately $53,000. Finally, Meeder Asset Management Inc. boosted its stake in The Ensign Group by 105.5% in the first quarter. Meeder Asset Management Inc. now owns 1,545 shares of the company’s stock valued at $80,000 after acquiring an additional 793 shares in the last quarter. Hedge funds and other institutional investors own 81.09% of the company’s stock.
The Ensign Group Company Profile
The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses. The company operates in three segments: Transitional and Skilled Services; Assisted and Independent Living Services; and Home Health and Hospice Services. The Transitional and Skilled Services segment offers a range of medical, nursing, rehabilitative, and pharmacy services, as well as routine services, such as daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.
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