Wall Street analysts predict that The Ensign Group, Inc. (NASDAQ:ENSG) will report sales of $651.50 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for The Ensign Group’s earnings. The highest sales estimate is $653.90 million and the lowest is $649.10 million. The Ensign Group reported sales of $584.70 million during the same quarter last year, which indicates a positive year-over-year growth rate of 11.4%. The firm is scheduled to issue its next earnings report on Wednesday, August 4th.
According to Zacks, analysts expect that The Ensign Group will report full year sales of $2.66 billion for the current year, with estimates ranging from $2.65 billion to $2.67 billion. For the next year, analysts anticipate that the company will report sales of $2.87 billion, with estimates ranging from $2.86 billion to $2.89 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow The Ensign Group.
The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings results on Thursday, April 29th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.08. The Ensign Group had a net margin of 6.49% and a return on equity of 21.65%.
A number of analysts have recently issued reports on the company. Truist increased their target price on The Ensign Group from $64.00 to $82.00 in a report on Tuesday, January 5th. Royal Bank of Canada upped their target price on The Ensign Group from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Monday. Truist Securities raised their price target on shares of The Ensign Group from $90.00 to $98.00 and gave the stock a “hold” rating in a report on Tuesday, April 20th. Finally, Truist Financial increased their target price on shares of The Ensign Group from $90.00 to $98.00 in a research report on Wednesday, April 14th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The Ensign Group currently has an average rating of “Buy” and an average target price of $79.00.
In other The Ensign Group news, Director Daren Shaw sold 1,625 shares of the firm’s stock in a transaction on Monday, April 19th. The stock was sold at an average price of $88.13, for a total transaction of $143,211.25. Following the completion of the sale, the director now owns 44,987 shares of the company’s stock, valued at approximately $3,964,704.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lee A. Daniels sold 983 shares of The Ensign Group stock in a transaction dated Monday, February 22nd. The stock was sold at an average price of $82.62, for a total transaction of $81,215.46. Following the sale, the director now directly owns 43,862 shares of the company’s stock, valued at approximately $3,623,878.44. The disclosure for this sale can be found here. Insiders sold 27,314 shares of company stock valued at $2,498,015 in the last ninety days. Insiders own 6.80% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Sei Investments Co. increased its stake in shares of The Ensign Group by 16.1% during the fourth quarter. Sei Investments Co. now owns 108,559 shares of the company’s stock worth $7,923,000 after purchasing an additional 15,068 shares during the period. Jennison Associates LLC bought a new stake in shares of The Ensign Group in the fourth quarter valued at about $1,177,000. Teacher Retirement System of Texas acquired a new position in shares of The Ensign Group in the fourth quarter valued at about $340,000. UBS Asset Management Americas Inc. increased its position in The Ensign Group by 1.1% during the fourth quarter. UBS Asset Management Americas Inc. now owns 59,701 shares of the company’s stock worth $4,353,000 after acquiring an additional 676 shares during the period. Finally, Birchcreek Wealth Management LLC acquired a new stake in The Ensign Group in the 4th quarter worth about $72,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.
ENSG stock traded down $1.02 during mid-day trading on Friday, reaching $86.41. 6,332 shares of the stock traded hands, compared to its average volume of 307,700. The stock’s fifty day moving average is $90.99 and its 200-day moving average is $79.39. The company has a market cap of $4.75 billion, a P/E ratio of 32.14, a P/E/G ratio of 1.73 and a beta of 1.05. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.15. The Ensign Group has a 52-week low of $33.72 and a 52-week high of $98.66.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 30th. Investors of record on Wednesday, March 31st were issued a $0.0525 dividend. The ex-dividend date of this dividend was Tuesday, March 30th. This represents a $0.21 dividend on an annualized basis and a yield of 0.24%. The Ensign Group’s dividend payout ratio is presently 10.05%.
The Ensign Group Company Profile
The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses. It operates in two segments, Transitional and Skilled Services and Real Estate. The company offers transitional and skilled services, which include short and long-term nursing care services for patients with chronic conditions, prolonged illness, and the elderly; and physical, occupational, and speech therapies and other rehabilitative and healthcare services.
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