Analysts Expect Ensign Group, Inc (ENSG) Will Post Earnings of $0.45 Per Share

Wall Street brokerages forecast that Ensign Group, Inc (NASDAQ:ENSG) will report earnings per share of $0.45 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Ensign Group’s earnings. The highest EPS estimate is $0.46 and the lowest is $0.44. Ensign Group posted earnings per share of $0.34 in the same quarter last year, which would indicate a positive year over year growth rate of 32.4%. The company is scheduled to report its next quarterly earnings report on Monday, May 7th.

According to Zacks, analysts expect that Ensign Group will report full-year earnings of $1.84 per share for the current financial year, with EPS estimates ranging from $1.81 to $1.85. For the next financial 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’ EPS calculations are an average based on a survey of research firms that follow Ensign Group.

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

A number of equities analysts have recently commented on the stock. BidaskClub raised shares of Ensign Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 10th. Zacks Investment Research lowered shares of Ensign Group from a “buy” rating to a “hold” rating in a research report on Wednesday, April 11th. SunTrust Banks set a $29.00 price objective on shares of Ensign Group and gave the company a “buy” rating in a report on Friday, February 9th. Royal Bank of Canada reissued a “buy” rating on shares of Ensign Group in a report on Monday, February 12th. Finally, Stifel Nicolaus set a $22.00 price objective on shares of Ensign Group and gave the company a “hold” rating in a report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $26.80.

In other Ensign Group news, Director John G. Nackel sold 5,000 shares of Ensign Group stock in a transaction on Monday, February 12th. The shares were sold at an average price of $25.50, for a total value of $127,500.00. Following the transaction, the director now directly owns 99,232 shares of the company’s stock, valued at $2,530,416. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Barry Port sold 20,423 shares of Ensign Group stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $24.02, for a total transaction of $490,560.46. Following the completion of the transaction, the vice president now directly owns 128,112 shares in the company, valued at $3,077,250.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 88,391 shares of company stock worth $2,265,851. 6.20% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. grew its holdings in Ensign Group by 9.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 30,862 shares of the company’s stock worth $685,000 after purchasing an additional 2,550 shares during the last quarter. MetLife Investment Advisors LLC acquired a new stake in shares of Ensign Group during the fourth quarter worth $541,000. Millennium Management LLC acquired a new stake in shares of Ensign Group during the fourth quarter worth $227,000. Goldman Sachs Group Inc. lifted its stake in shares of Ensign Group by 77.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 147,693 shares of the company’s stock worth $3,279,000 after buying an additional 64,264 shares during the period. Finally, Stone Ridge Asset Management LLC acquired a new stake in shares of Ensign Group during the fourth quarter worth $321,000. 86.46% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:ENSG traded down $0.19 during trading on Monday, reaching $28.02. 86,516 shares of the company were exchanged, compared to its average volume of 203,152. The firm has a market cap of $1,470.61, a PE ratio of 23.35, a price-to-earnings-growth ratio of 1.11 and a beta of 0.61. Ensign Group has a 12-month low of $17.09 and a 12-month high of $29.24. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.63 and a current ratio of 1.63.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Saturday, March 31st will be issued a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 0.64%. The ex-dividend date is Wednesday, March 28th. Ensign Group’s payout ratio is 15.00%.

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Ensign Group Company Profile

The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses in the United States. It operates through 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, including daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.

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