The Ensign Group Inc. (NASDAQ:ENSG) has been given a consensus rating of “Hold” by the eight analysts that are currently covering the firm. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $26.67.
Several brokerages have commented on ENSG. Cantor Fitzgerald reiterated a “buy” rating on shares of The Ensign Group in a research note on Friday, September 9th. Zacks Investment Research lowered shares of The Ensign Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 4th. SunTrust Banks Inc. lowered their target price on shares of The Ensign Group from $27.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, August 4th. Finally, TheStreet upgraded shares of The Ensign Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 2nd.
Large investors have recently modified their holdings of the company. PineBridge Investments L.P. increased 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 valued at $125,000 after buying an additional 319 shares in the last quarter. Teacher Retirement System of Texas increased 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 valued at $143,000 after buying an additional 821 shares in the last quarter. Mason Street Advisors LLC bought a new stake in shares of The Ensign Group during the second quarter valued at $192,000. Scotia Capital Inc. bought a new stake in shares of The Ensign Group during the first quarter valued at $226,000. Finally, Greenwich Wealth Management LLC increased its stake in shares of The Ensign Group by 3.9% in the second quarter. Greenwich Wealth Management LLC now owns 16,964 shares of the company’s stock valued at $356,000 after buying an additional 640 shares in the last quarter. 84.62% of the stock is owned by hedge funds and other institutional investors.
Shares of The Ensign Group (NASDAQ:ENSG) traded up 0.05% during midday trading on Friday, reaching $20.16. 113,989 shares of the company traded hands. The stock’s 50-day moving average is $19.76 and its 200-day moving average is $20.92. The stock has a market capitalization of $1.02 billion, a P/E ratio of 22.35 and a beta of 0.65. The Ensign Group has a 1-year low of $17.60 and a 1-year high of $25.09.
The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.33 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.33. The company had revenue of $410.51 million for the quarter, compared to analyst estimates of $400.19 million. The Ensign Group had a net margin of 3.13% and a return on equity of 15.86%. The firm’s revenue was up 32.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 earnings per share. Equities analysts predict that The Ensign Group will post $1.38 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, September 30th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Wednesday, September 28th. The Ensign Group’s dividend payout ratio is presently 17.49%.
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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