Wall Street brokerages expect The Ensign Group, Inc. (NASDAQ:ENSG) to post sales of $572.08 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for The Ensign Group’s earnings, with the lowest sales estimate coming in at $566.25 million and the highest estimate coming in at $578.70 million. The Ensign Group reported sales of $505.46 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.2%. The company is expected to announce its next quarterly earnings report on Thursday, August 1st.
On average, analysts expect that The Ensign Group will report full-year sales of $2.33 billion for the current financial year, with estimates ranging from $2.29 billion to $2.35 billion. For the next financial year, analysts anticipate that the company will post sales of $2.54 billion, with estimates ranging from $2.46 billion to $2.58 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover The Ensign Group.
The Ensign Group (NASDAQ:ENSG) last issued its earnings results on Monday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. The Ensign Group had a net margin of 4.59% and a return on equity of 17.23%. The firm had revenue of $549.21 million for the quarter, compared to analysts’ expectations of $545.09 million. During the same quarter last year, the business earned $0.45 earnings per share. The business’s revenue was up 11.6% on a year-over-year basis.
Shares of The Ensign Group stock traded down $0.34 on Friday, hitting $57.51. The stock had a trading volume of 294,804 shares, compared to its average volume of 255,404. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.15 and a current ratio of 1.15. The Ensign Group has a one year low of $34.69 and a one year high of $58.88. The firm has a market cap of $3.05 billion, a PE ratio of 32.13, a price-to-earnings-growth ratio of 1.83 and a beta of 0.84. The firm has a 50-day moving average of $55.94.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Sunday, June 30th will be issued a $0.0475 dividend. This represents a $0.19 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend is Thursday, June 27th. The Ensign Group’s dividend payout ratio is 10.61%.
In related news, CFO Suzanne D. Snapper sold 2,982 shares of The Ensign Group stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $53.17, for a total value of $158,552.94. Following the sale, the chief financial officer now owns 223,216 shares in the company, valued at $11,868,394.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Beverly B. Wittekind sold 868 shares of The Ensign Group stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $53.17, for a total transaction of $46,151.56. Following the completion of the sale, the vice president now owns 54,462 shares in the company, valued at approximately $2,895,744.54. The disclosure for this sale can be found here. Insiders sold 4,547 shares of company stock worth $242,252 in the last 90 days. Company insiders own 6.70% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in ENSG. Cambridge Investment Research Advisors Inc. bought a new stake in The Ensign Group in the fourth quarter valued at $271,000. Oregon Public Employees Retirement Fund purchased a new position in The Ensign Group during the fourth quarter valued at $725,000. Prudential Financial Inc. lifted its position in The Ensign Group by 5.7% during the fourth quarter. Prudential Financial Inc. now owns 125,782 shares of the company’s stock valued at $4,879,000 after buying an additional 6,836 shares during the period. First Trust Advisors LP lifted its position in The Ensign Group by 561.9% during the fourth quarter. First Trust Advisors LP now owns 130,175 shares of the company’s stock valued at $5,049,000 after buying an additional 110,509 shares during the period. Finally, Texas Permanent School Fund lifted its position in The Ensign Group by 4.5% during the fourth quarter. Texas Permanent School Fund now owns 32,183 shares of the company’s stock valued at $1,248,000 after buying an additional 1,376 shares during the period. Institutional investors and hedge funds own 81.09% of the company’s stock.
About The Ensign Group
The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses. The company operates in 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, such as daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.
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