According to Zacks, “The Ensign Group was formed for the express purpose of meeting the challenges of the long-term care industry in the 21st Century. Led by the country’s finest caregivers, with an aggressive team of industry and business veterans backing them up, Ensign is elevating quality of care to superior levels, and doing it one facility at a time. “
A number of other research firms have also recently weighed in on ENSG. Cantor Fitzgerald reissued a buy rating on shares of The Ensign Group in a research report on Friday, September 9th. TheStreet raised The Ensign Group from a hold rating to a buy rating in a research report on Tuesday, August 2nd. Finally, SunTrust Banks Inc. lowered their price objective on The Ensign Group from $27.00 to $24.00 and set a buy rating for the company in a research report on Thursday, August 4th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The Ensign Group has an average rating of Buy and an average target price of $25.00.
Shares of The Ensign Group (NASDAQ:ENSG) opened at 19.74 on Tuesday. The stock has a market cap of $994.94 million, a PE ratio of 21.88 and a beta of 0.68. The Ensign Group has a 12 month low of $17.60 and a 12 month high of $25.09. The firm has a 50-day moving average price of $20.26 and a 200-day moving average price of $20.73.
The Ensign Group (NASDAQ:ENSG) last announced its earnings results on Tuesday, August 2nd. The company reported $0.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.33. The business had revenue of $410.51 million for the quarter, compared to analysts’ expectations of $400.19 million. The Ensign Group had a return on equity of 15.86% and a net margin of 3.13%. The business’s revenue for the quarter was up 32.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 EPS. Equities analysts forecast that The Ensign Group will post $1.38 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, September 30th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.81%. The Ensign Group’s dividend payout ratio is currently 17.49%.
A number of hedge funds have recently modified their holdings of ENSG. PineBridge Investments L.P. boosted its stake in shares of The Ensign Group by 5.7% in the second quarter. PineBridge Investments L.P. now owns 5,926 shares of the company’s stock worth $125,000 after buying an additional 319 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of The Ensign Group by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 6,806 shares of the company’s stock worth $143,000 after buying an additional 821 shares in the last quarter. Mason Street Advisors LLC purchased a new stake in shares of The Ensign Group during the second quarter worth approximately $192,000. Scotia Capital Inc. purchased a new stake in shares of The Ensign Group during the first quarter worth approximately $226,000. Finally, Eqis Capital Management Inc. purchased a new stake in shares of The Ensign Group during the third quarter worth approximately $353,000. 84.64% of the stock is owned by institutional investors.
The Ensign Group Company Profile
The Ensign Group, Inc is a holding company. The Company, through its subsidiaries, provides healthcare services across the post-acute care continuum, as well as urgent care centers and mobile ancillary businesses. Its segments include transitional, skilled and assisted living services (TSA services); home health and hospice services, and all other.
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