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.
Featured Article: Hedge Funds – How They Work For Investors
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for The Ensign Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Ensign Group and related companies with MarketBeat.com's FREE daily email newsletter.