Wall Street brokerages expect The Ensign Group, Inc. (NASDAQ:ENSG) to report earnings of $0.86 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for The Ensign Group’s earnings. The highest EPS estimate is $0.86 and the lowest is $0.85. The Ensign Group reported earnings of $0.78 per share in the same quarter last year, which suggests a positive year over year growth rate of 10.3%. The firm is expected to report its next quarterly earnings results on Wednesday, August 4th.
On average, analysts expect that The Ensign Group will report full-year earnings of $3.49 per share for the current financial year, with EPS estimates ranging from $3.48 to $3.50. For the next financial year, analysts anticipate that the firm will report earnings of $3.84 per share, with EPS estimates ranging from $3.80 to $3.87. Zacks’ EPS calculations are an average based on a survey of research analysts that cover The Ensign Group.
The Ensign Group (NASDAQ:ENSG) last posted its earnings results on Thursday, April 29th. The company reported $0.87 EPS for the quarter, beating the Zacks’ 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%.
Several brokerages have recently issued reports on ENSG. Truist Securities upped their target price on shares of The Ensign Group from $90.00 to $98.00 and gave the company a “hold” rating in a report on Tuesday, April 20th. Truist boosted their price objective on shares of The Ensign Group from $64.00 to $82.00 in a research note on Tuesday, January 5th. Royal Bank of Canada raised their price target on The Ensign Group from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Monday. Finally, Truist Financial upped their price target on The Ensign Group from $90.00 to $98.00 in a report on Wednesday, April 14th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $79.00.
Shares of ENSG traded down $1.02 during midday trading on Thursday, hitting $86.41. The company had a trading volume of 6,332 shares, compared to its average volume of 307,700. The Ensign Group has a 1 year low of $33.72 and a 1 year high of $98.66. The company’s 50-day simple moving average is $90.99 and its 200-day simple moving average is $79.39. The firm has a market capitalization 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 debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.00.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 30th. Investors of record on Wednesday, March 31st were paid a dividend of $0.0525 per share. The ex-dividend date was Tuesday, March 30th. This represents a $0.21 dividend on an annualized basis and a dividend yield of 0.24%. The Ensign Group’s dividend payout ratio is presently 10.05%.
In other news, Director Lee A. Daniels sold 983 shares of the firm’s 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 completion of the sale, the director now directly owns 43,862 shares of the company’s stock, valued at approximately $3,623,878.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Beverly B. Wittekind sold 8,000 shares of The Ensign Group stock in a transaction that occurred on Wednesday, April 14th. The shares were sold at an average price of $90.76, for a total transaction of $726,080.00. Following the completion of the sale, the vice president now owns 46,891 shares of the company’s stock, valued at $4,255,827.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,314 shares of company stock worth $2,498,015. 6.80% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in ENSG. Acas LLC acquired a new position in shares of The Ensign Group in the first quarter valued at $239,000. Envestnet Asset Management Inc. boosted its stake in The Ensign Group by 34.2% in the first quarter. Envestnet Asset Management Inc. now owns 181,623 shares of the company’s stock worth $17,043,000 after purchasing an additional 46,311 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of The Ensign Group by 110.8% in the first quarter. Victory Capital Management Inc. now owns 118,278 shares of the company’s stock valued at $11,100,000 after buying an additional 62,168 shares during the last quarter. Virginia Retirement Systems ET AL raised its stake in shares of The Ensign Group by 7.5% in the first quarter. Virginia Retirement Systems ET AL now owns 8,600 shares of the company’s stock worth $807,000 after acquiring an additional 600 shares during the last quarter. Finally, CWM Advisors LLC lifted its holdings in The Ensign Group by 207.9% during the 1st quarter. CWM Advisors LLC now owns 12,980 shares of the company’s stock worth $1,218,000 after buying an additional 8,764 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.
About The Ensign Group
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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