The Ensign Group, Inc. (NASDAQ:ENSG) declared a dividend on Friday, September 20th, Fidelity reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.0475 per share on Thursday, October 31st. The ex-dividend date of this dividend is Friday, September 27th.
The Ensign Group has increased its dividend by an average of 6.3% per year over the last three years and has raised its dividend every year for the last 11 years. The Ensign Group has a payout ratio of 11.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect The Ensign Group to earn $2.35 per share next year, which means the company should continue to be able to cover its $0.19 annual dividend with an expected future payout ratio of 8.1%.
Shares of ENSG stock traded down $0.18 during trading hours on Friday, hitting $50.15. 410,387 shares of the company’s stock were exchanged, compared to its average volume of 238,612. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.85. The firm has a market cap of $2.66 billion, a P/E ratio of 28.02, a P/E/G ratio of 1.57 and a beta of 0.91. The firm has a 50 day moving average of $50.63 and a two-hundred day moving average of $52.99. The Ensign Group has a fifty-two week low of $35.80 and a fifty-two week high of $63.00.
The Ensign Group (NASDAQ:ENSG) last announced its earnings results on Thursday, August 1st. The company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.01. The business had revenue of $575.65 million during the quarter, compared to the consensus estimate of $574.24 million. The Ensign Group had a return on equity of 17.32% and a net margin of 4.74%. The business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 EPS. On average, equities analysts forecast that The Ensign Group will post 2.11 earnings per share for the current fiscal year.
In related news, insider Spencer Burton sold 1,000 shares of the business’s 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 completion of the sale, the insider now directly owns 19,351 shares in the company, valued at $1,161,060. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 2,612 shares of company stock valued at $149,118 over the last quarter. 6.70% of the stock is owned by company insiders.
Several brokerages have recently weighed in on ENSG. Stifel Nicolaus upped their target price on The Ensign Group from $52.00 to $56.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. ValuEngine raised The Ensign Group from a “hold” rating to a “buy” rating in a research note on Wednesday, September 4th. Finally, BidaskClub cut The Ensign Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $51.25.
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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