The Ensign Group (NASDAQ:ENSG) released its earnings results on Thursday. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.01, Briefing.com reports. The business had revenue of $575.65 million for the quarter, compared to analyst estimates of $574.24 million. The Ensign Group had a net margin of 4.59% and a return on equity of 17.23%. The business’s revenue was up 16.0% on a year-over-year basis. During the same period last year, the company posted $0.44 EPS. The Ensign Group updated its FY 2019 guidance to $2.20-2.30 EPS and its FY19 guidance to $2.22-2.30 EPS.
Shares of NASDAQ ENSG traded down $4.21 during midday trading on Friday, reaching $54.06. 462,120 shares of the stock were exchanged, compared to its average volume of 221,810. The firm has a 50 day moving average of $57.65. The stock has a market cap of $3.19 billion, a PE ratio of 30.20, a P/E/G ratio of 1.91 and a beta of 0.85. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.87. The Ensign Group has a twelve month low of $34.69 and a twelve month high of $63.00.
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Sunday, June 30th were paid a $0.0475 dividend. The ex-dividend date was Thursday, June 27th. This represents a $0.19 annualized dividend and a dividend yield of 0.35%. The Ensign Group’s dividend payout ratio (DPR) is 10.61%.
A number of research firms have recently issued reports on ENSG. Stifel Nicolaus upped their price target on The Ensign Group from $52.00 to $56.00 and gave the company a “hold” rating in a research report on Friday. Oppenheimer lifted their price objective on The Ensign Group from $52.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. Zacks Investment Research lowered The Ensign Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Finally, BidaskClub raised The Ensign Group from a “hold” rating to a “buy” rating in a research note on Friday, July 19th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The Ensign Group presently has an average rating of “Buy” and an average target price of $47.83.
In other news, CFO Suzanne D. Snapper sold 2,982 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $53.17, for a total transaction of $158,552.94. Following the completion of the transaction, the chief financial officer now directly owns 223,216 shares in the company, valued at approximately $11,868,394.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Beverly B. Wittekind sold 868 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $53.17, for a total value of $46,151.56. Following the transaction, the vice president now owns 54,462 shares of the company’s stock, valued at $2,895,744.54. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,547 shares of company stock worth $302,252. Corporate insiders own 6.70% 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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