Equities analysts predict that The Ensign Group, Inc. (NASDAQ:ENSG) will announce $508.90 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided 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 indicates a positive year over year growth rate of 7.9%. The firm is expected to issue its next quarterly earnings results on Wednesday, November 14th.
On average, analysts expect that The Ensign Group will report full year sales of $2.02 billion for the current financial year, with estimates ranging from $2.01 billion to $2.03 billion. For the next year, analysts forecast that the firm will report sales of $2.18 billion per share, with estimates ranging from $2.18 billion to $2.19 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for The Ensign Group.
The Ensign Group (NASDAQ:ENSG) last released its earnings results on Thursday, August 2nd. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. The business had revenue of $496.40 million for the quarter, compared to the consensus estimate of $496.61 million. The Ensign Group had a return on equity of 15.61% and a net margin of 3.61%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 earnings per share.
Several equities analysts have recently weighed in on the company. BidaskClub downgraded The Ensign Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 30th. Zacks Investment Research downgraded The Ensign Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 3rd. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $42.00 price target on shares of The Ensign Group in a report on Monday, July 30th. Stifel Nicolaus set a $34.00 price target on The Ensign Group and gave the company a “hold” rating in a report on Thursday, August 16th. Finally, ValuEngine cut The Ensign Group from a “strong-buy” rating to a “buy” rating in a report on Friday, August 3rd. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $38.13.
NASDAQ ENSG opened at $36.22 on Thursday. The company has a market capitalization of $1.93 billion, a PE ratio of 30.18, a PEG ratio of 1.44 and a beta of 0.65. The Ensign Group has a 1-year low of $20.07 and a 1-year high of $40.09. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49.
In related news, 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 value of $1,799,241.75. Following the completion of the sale, the chief financial officer now owns 159,561 shares of the company’s stock, valued at $6,103,208.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 value of $3,180,370.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 154,149 shares of company stock valued at $5,825,750. Insiders own 6.00% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Swiss National Bank increased its holdings in shares of The Ensign Group by 1.9% in the first quarter. Swiss National Bank now owns 83,900 shares of the company’s stock valued at $2,207,000 after purchasing an additional 1,600 shares during the last quarter. Victory Capital Management Inc. increased its stake in The Ensign Group by 15.9% during the second quarter. Victory Capital Management Inc. now owns 11,680 shares of the company’s stock worth $418,000 after acquiring an additional 1,603 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in The Ensign Group by 18.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 11,512 shares of the company’s stock worth $302,000 after acquiring an additional 1,758 shares during the last quarter. Rhumbline Advisers increased its stake in The Ensign Group by 1.8% during the first quarter. Rhumbline Advisers now owns 115,525 shares of the company’s stock worth $3,038,000 after acquiring an additional 2,090 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in The Ensign Group by 2.4% during the first quarter. Legal & General Group Plc now owns 102,009 shares of the company’s stock worth $2,697,000 after acquiring an additional 2,354 shares during the last quarter. 84.59% of the stock is owned by hedge funds and other institutional investors.
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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