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.
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