Brokerages Expect The Ensign Group, Inc. (NASDAQ:ENSG) Will Announce Quarterly Sales of $572.08 Million

Share on StockTwits

Equities research analysts forecast that The Ensign Group, Inc. (NASDAQ:ENSG) will report $572.08 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for The Ensign Group’s earnings, with estimates ranging from $566.25 million to $578.70 million. The Ensign Group reported sales of $505.46 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.2%. The business is expected to announce its next earnings results on Thursday, August 1st.

On average, analysts expect that The Ensign Group will report full-year sales of $2.33 billion for the current fiscal year, with estimates ranging from $2.29 billion to $2.35 billion. For the next year, analysts anticipate that the business will report sales of $2.54 billion, with estimates ranging from $2.46 billion to $2.58 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover The Ensign Group.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings data on Monday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. The Ensign Group had a net margin of 4.59% and a return on equity of 17.23%. The business had revenue of $549.21 million during the quarter, compared to analyst estimates of $545.09 million. During the same quarter in the previous year, the business earned $0.45 EPS. The Ensign Group’s quarterly revenue was up 11.6% compared to the same quarter last year.

Several equities research analysts recently issued reports on ENSG shares. BidaskClub lowered shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research note on Monday, June 24th. Oppenheimer cut their target price on shares of 2U from $83.00 to $67.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. Zacks Investment Research lowered shares of Glu Mobile from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Finally, ValuEngine raised shares of Yelp from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $44.17.

In related news, VP Beverly B. Wittekind sold 868 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $53.17, for a total value of $46,151.56. Following the sale, the vice president now owns 54,462 shares of the company’s stock, valued at $2,895,744.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Suzanne D. Snapper sold 2,982 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $53.17, for a total transaction of $158,552.94. Following the completion of the sale, the chief financial officer now directly owns 223,216 shares in the company, valued at approximately $11,868,394.72. The disclosure for this sale can be found here. In the last three months, insiders sold 4,547 shares of company stock worth $242,252. 6.70% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the business. WINTON GROUP Ltd lifted its holdings in The Ensign Group by 7.6% in the second quarter. WINTON GROUP Ltd now owns 448,948 shares of the company’s stock valued at $25,554,000 after buying an additional 31,682 shares during the period. Amundi Pioneer Asset Management Inc. increased its stake in The Ensign Group by 5.2% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 112,892 shares of the company’s stock valued at $5,779,000 after purchasing an additional 5,607 shares in the last quarter. FMR LLC increased its stake in The Ensign Group by 119.0% in the first quarter. FMR LLC now owns 1,682 shares of the company’s stock valued at $86,000 after purchasing an additional 914 shares in the last quarter. Advisory Services Network LLC increased its stake in The Ensign Group by 59.8% in the first quarter. Advisory Services Network LLC now owns 1,162 shares of the company’s stock valued at $60,000 after purchasing an additional 435 shares in the last quarter. Finally, GYL Financial Synergies LLC bought a new stake in The Ensign Group in the first quarter valued at approximately $1,310,000. 81.09% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ENSG stock traded down $0.34 on Friday, hitting $57.51. The company’s stock had a trading volume of 294,804 shares, compared to its average volume of 255,404. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.15 and a quick ratio of 1.15. The Ensign Group has a fifty-two week low of $34.69 and a fifty-two week high of $58.88. The firm’s fifty day moving average price is $55.94. The firm has a market cap of $3.05 billion, a PE ratio of 32.13, a price-to-earnings-growth ratio of 1.83 and a beta of 0.84.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Sunday, June 30th will be paid a $0.0475 dividend. The ex-dividend date is Thursday, June 27th. This represents a $0.19 dividend on an annualized basis and a yield of 0.33%. The Ensign Group’s payout ratio is currently 10.61%.

The Ensign Group Company Profile

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

See Also: What is a Reverse Stock Split?

Get a free copy of the Zacks research report on The Ensign Group (ENSG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for The Ensign Group (NASDAQ:ENSG)

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.