The Ensign Group, Inc. (ENSG) Expected to Post Earnings of $0.45 Per Share

Equities analysts expect that The Ensign Group, Inc. (NASDAQ:ENSG) will report earnings per share of $0.45 for the current fiscal quarter, Zacks reports. Three analysts have made estimates for The Ensign Group’s earnings, with the lowest EPS estimate coming in at $0.44 and the highest estimate coming in at $0.46. The Ensign Group posted earnings of $0.34 per share during the same quarter last year, which would indicate a positive year over year growth rate of 32.4%. The business is expected to announce its next quarterly earnings results on Monday, May 7th.

According to Zacks, analysts expect that The Ensign Group will report full year earnings of $1.85 per share for the current fiscal year, with EPS estimates ranging from $1.81 to $1.89. For the next year, analysts forecast that the business will post earnings of $1.99 per share, with EPS estimates ranging from $1.86 to $2.07. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow The Ensign Group.

The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.40 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. The firm had revenue of $487.70 million during the quarter, compared to analysts’ expectations of $457.91 million. The Ensign Group had a return on equity of 13.87% and a net margin of 2.19%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 EPS.

Several analysts have weighed in on ENSG shares. Royal Bank of Canada reissued a “buy” rating and set a $21.00 price objective on shares of The Ensign Group in a report on Tuesday, November 7th. Cantor Fitzgerald upped their price target on The Ensign Group from $23.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, November 9th. ValuEngine cut The Ensign Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. BidaskClub cut The Ensign Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Finally, Stifel Nicolaus set a $22.00 price target on The Ensign Group and gave the company a “hold” rating in a research note on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $26.80.

In related news, Director Antoinette T. Hubenette sold 18,330 shares of the business’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $23.70, for a total value of $434,421.00. Following the completion of the transaction, the director now directly owns 44,456 shares in the company, valued at approximately $1,053,607.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John G. Nackel sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $26.90, for a total value of $134,500.00. Following the completion of the transaction, the director now owns 91,232 shares of the company’s stock, valued at $2,454,140.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 115,310 shares of company stock valued at $2,847,494. 6.20% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. grew its position in shares of The Ensign Group by 9.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 30,862 shares of the company’s stock valued at $685,000 after purchasing an additional 2,550 shares during the period. MetLife Investment Advisors LLC acquired a new position in shares of The Ensign Group in the 4th quarter valued at approximately $541,000. Millennium Management LLC acquired a new position in shares of The Ensign Group in the 4th quarter valued at approximately $227,000. Goldman Sachs Group Inc. grew its position in shares of The Ensign Group by 77.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 147,693 shares of the company’s stock valued at $3,279,000 after purchasing an additional 64,264 shares during the period. Finally, Stone Ridge Asset Management LLC acquired a new position in shares of The Ensign Group in the 4th quarter valued at approximately $321,000. Institutional investors and hedge funds own 84.78% of the company’s stock.

Shares of The Ensign Group (ENSG) opened at $26.87 on Friday. The firm has a market capitalization of $1,423.56, a PE ratio of 35.36, a price-to-earnings-growth ratio of 1.09 and a beta of 0.81. The Ensign Group has a twelve month low of $16.50 and a twelve month high of $27.80. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.61.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Sunday, December 31st were paid a $0.045 dividend. The ex-dividend date was Thursday, December 28th. This is a boost from The Ensign Group’s previous quarterly dividend of $0.04. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.67%. The Ensign Group’s dividend payout ratio is 23.68%.

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About The Ensign Group

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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