Zacks: Brokerages Anticipate The Ensign Group, Inc. (ENSG) Will Post Quarterly Sales of $508.90 Million

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Wall Street analysts expect The Ensign Group, Inc. (NASDAQ:ENSG) to post $508.90 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for The Ensign Group’s earnings, with the lowest sales estimate coming in at $505.30 million and the highest estimate coming in at $512.50 million. The Ensign Group reported sales of $471.59 million in the same quarter last year, which would indicate a positive year over year growth rate of 7.9%. The firm is expected to report its next earnings results on Wednesday, November 14th.

According to Zacks, analysts expect that The Ensign Group will report full year sales of $2.02 billion for the current year, with estimates ranging from $2.01 billion to $2.03 billion. For the next fiscal year, analysts forecast that the firm will post sales of $2.18 billion per share, with estimates ranging from $2.18 billion to $2.19 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for The Ensign Group.

The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The Ensign Group had a net margin of 3.61% and a return on equity of 15.61%. The firm had revenue of $496.40 million for the quarter, compared to analyst estimates of $496.61 million. During the same period in the prior year, the business posted $0.23 EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year.

Several equities analysts have recently commented on the stock. BidaskClub lowered shares of The Ensign Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 30th. Oppenheimer upped their price objective on shares of The Ensign Group from $31.00 to $39.00 and gave the stock an “outperform” rating in a report on Tuesday, May 22nd. Zacks Investment Research lowered shares of The Ensign Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 3rd. Cantor Fitzgerald restated a “buy” rating and issued a $42.00 price objective on shares of The Ensign Group in a report on Monday, July 30th. Finally, Stifel Nicolaus set a $34.00 price objective on shares of The Ensign Group and gave the stock a “hold” rating in a report on Thursday, August 16th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $38.13.

In other The Ensign Group news, insider Christopher R. Christensen sold 84,472 shares of the stock in a transaction that occurred on Wednesday, July 18th. The shares were sold at an average price of $37.65, for a total transaction of $3,180,370.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Suzanne D. Snapper sold 47,039 shares of the stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $38.25, for a total transaction of $1,799,241.75. Following the sale, the chief financial officer now owns 159,561 shares in the company, valued at $6,103,208.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 154,007 shares of company stock worth $5,819,853. 6.00% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in shares of The Ensign Group by 14.1% in the 2nd quarter. BlackRock Inc. now owns 7,187,953 shares of the company’s stock valued at $257,471,000 after purchasing an additional 890,137 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of The Ensign Group in the 2nd quarter valued at approximately $30,968,000. WINTON GROUP Ltd purchased a new stake in shares of The Ensign Group in the 2nd quarter valued at approximately $16,497,000. LSV Asset Management increased its position in shares of The Ensign Group by 36.8% in the 1st quarter. LSV Asset Management now owns 1,302,319 shares of the company’s stock valued at $34,250,000 after purchasing an additional 350,249 shares during the last quarter. Finally, Gagnon Securities LLC purchased a new stake in shares of The Ensign Group in the 2nd quarter valued at approximately $8,784,000. Institutional investors own 86.82% of the company’s stock.

Shares of ENSG stock traded down $0.28 during trading hours on Monday, hitting $37.89. The company had a trading volume of 4,446 shares, compared to its average volume of 183,645. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. The Ensign Group has a fifty-two week low of $19.94 and a fifty-two week high of $40.09. The firm has a market cap of $2.04 billion, a P/E ratio of 32.08, a P/E/G ratio of 1.52 and a beta of 0.65.

The Ensign Group Company Profile

The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses in the United States. It operates through 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, including daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.

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