$572.08 Million in Sales Expected for The Ensign Group, Inc. (NASDAQ:ENSG) This Quarter

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.

Several research analysts have recently issued reports on the stock. Oppenheimer cut their target price on shares of 2U from $83.00 to $67.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. Zacks Investment Research cut shares of Glu Mobile from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. ValuEngine upgraded shares of Yelp from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, BidaskClub cut shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a report on Monday, June 24th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The Ensign Group currently has a consensus rating of “Buy” and a consensus target price of $44.17.

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.

See Also: Preferred Stock

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Earnings History and Estimates for The Ensign Group (NASDAQ:ENSG)

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