Brokerages expect that The Ensign Group, Inc. (NASDAQ:ENSG) will post earnings of $0.32 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for The Ensign Group’s earnings, with the lowest EPS estimate coming in at $0.31 and the highest estimate coming in at $0.33. The Ensign Group posted earnings of $0.30 per share during the same quarter last year, which would indicate a positive year over year growth rate of 6.7%. The firm is expected to issue its next earnings report on Monday, August 7th.
On average, analysts expect that The Ensign Group will report full year earnings of $1.36 per share for the current fiscal year, with EPS estimates ranging from $1.34 to $1.38. For the next year, analysts anticipate that the firm will post earnings of $1.47 per share, with EPS estimates ranging from $1.41 to $1.53. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover The Ensign Group.
The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings results on Monday, May 1st. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $441.74 million during the quarter, compared to analyst estimates of $435.72 million. The Ensign Group had a return on equity of 13.51% and a net margin of 2.55%.
Several analysts have recently issued reports on the stock. Zacks Investment Research raised shares of The Ensign Group from a “sell” rating to a “hold” rating in a research note on Thursday, May 25th. BidaskClub raised shares of The Ensign Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 17th. Finally, Wells Fargo & Company cut shares of The Ensign Group from a “market perform” rating to an “underperform” rating in a research report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $22.60.
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In other news, Director John G. Nackel acquired 3,462 shares of the business’s stock in a transaction on Friday, April 28th. The shares were purchased at an average price of $17.55 per share, for a total transaction of $60,758.10. Following the acquisition, the director now directly owns 96,732 shares of the company’s stock, valued at approximately $1,697,646.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 6.20% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Tudor Investment Corp ET AL raised its stake in shares of The Ensign Group by 41.0% in the first quarter. Tudor Investment Corp ET AL now owns 14,100 shares of the company’s stock worth $265,000 after buying an additional 4,100 shares during the period. Highbridge Capital Management LLC bought a new stake in shares of The Ensign Group during the first quarter worth about $274,000. State Street Corp raised its stake in shares of The Ensign Group by 9.6% in the first quarter. State Street Corp now owns 1,222,140 shares of the company’s stock worth $22,977,000 after buying an additional 107,395 shares during the period. Bank of America Corp DE raised its stake in shares of The Ensign Group by 35.0% in the first quarter. Bank of America Corp DE now owns 92,871 shares of the company’s stock worth $1,746,000 after buying an additional 24,083 shares during the period. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of The Ensign Group during the first quarter worth about $131,000. Institutional investors and hedge funds own 84.53% of the company’s stock.
Shares of The Ensign Group (NASDAQ ENSG) traded up 1.29% on Monday, reaching $21.93. The company had a trading volume of 32,975 shares. The firm has a 50-day moving average price of $19.44 and a 200 day moving average price of $19.66. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 26.45 and a beta of 0.91. The Ensign Group has a 1-year low of $16.50 and a 1-year high of $23.18.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, June 30th will be issued a $0.0425 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $0.17 dividend on an annualized basis and a yield of 0.79%. The Ensign Group’s dividend payout ratio is currently 20.48%.
The Ensign Group Company Profile
The Ensign Group, Inc, through its operating subsidiaries, provides healthcare services across the post-acute care continuum, as well as other ancillary businesses located in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, Oregon, South Carolina, Texas, Utah, Washington and Wisconsin.
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