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.

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

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