The Ensign Group (NASDAQ:ENSG) Updates FY19 Earnings Guidance

The Ensign Group (NASDAQ:ENSG) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.22-2.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.26. The company issued revenue guidance of $2.34-2.40 billion, compared to the consensus revenue estimate of $2.33 billion.The Ensign Group also updated its FY 2019 guidance to $2.20-2.30 EPS.

Shares of ENSG stock traded down $4.21 on Friday, reaching $54.06. The stock had a trading volume of 462,120 shares, compared to its average volume of 236,061. 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 stock’s 50-day moving average price is $57.65. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 30.20, a price-to-earnings-growth ratio of 1.84 and a beta of 0.85. The Ensign Group has a 12 month low of $34.69 and a 12 month high of $63.00.

The Ensign Group (NASDAQ:ENSG) last issued its earnings results on Thursday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.01. The company had revenue of $575.65 million for the quarter, compared to analysts’ expectations of $574.24 million. The Ensign Group had a net margin of 4.59% and a return on equity of 17.23%. The Ensign Group’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 EPS. Research analysts forecast that The Ensign Group will post 2.11 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Sunday, June 30th were paid a $0.0475 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.19 dividend on an annualized basis and a yield of 0.35%. The Ensign Group’s dividend payout ratio (DPR) is currently 10.61%.

A number of brokerages recently commented on ENSG. Stifel Nicolaus upped their price target on shares of The Ensign Group from $52.00 to $56.00 and gave the company a hold rating in a research note on Friday. Zacks Investment Research lowered shares of The Ensign Group from a strong-buy rating to a hold rating in a research note on Tuesday, April 9th. BidaskClub upgraded shares of The Ensign Group from a hold rating to a buy rating in a research note on Friday, July 19th. Finally, Oppenheimer upped their price target on shares of The Ensign Group from $52.00 to $58.00 and gave the company an outperform rating in a research note on Wednesday, May 8th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The Ensign Group has an average rating of Buy and a consensus price target of $49.20.

In related news, VP Beverly B. Wittekind sold 868 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were 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 in the company, valued at approximately $2,895,744.54. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Spencer Burton sold 1,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $60.00, for a total transaction of $60,000.00. Following the transaction, the insider now owns 19,351 shares in the company, valued at approximately $1,161,060. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,547 shares of company stock worth $302,252. 6.70% of the stock is owned by company insiders.

About The Ensign Group

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.

Read More: Blockchain

Earnings History and Estimates for The Ensign Group (NASDAQ:ENSG)

Receive News & Ratings for The Ensign Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Ensign Group and related companies with MarketBeat.com's FREE daily email newsletter.