Analysts expect The Ensign Group, Inc. (NASDAQ:ENSG) to post sales of $572.08 million for the current quarter, according to Zacks. Three analysts have made 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 scheduled to announce its next earnings results after the market closes on Thursday, August 1st.
On average, analysts expect that The Ensign Group will report full-year sales of $2.33 billion for the current year, with estimates ranging from $2.29 billion to $2.35 billion. For the next year, analysts forecast that the company will report sales of $2.54 billion, with estimates ranging from $2.46 billion to $2.58 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for The Ensign Group.
The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 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 $575.65 million during the quarter, compared to analysts’ expectations of $574.24 million. During the same quarter last year, the business earned $0.44 earnings per share. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year.
In related news, VP Beverly B. Wittekind sold 868 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $53.17, for a total value of $46,151.56. Following the sale, the vice president now directly owns 54,462 shares of the company’s stock, valued at $2,895,744.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Suzanne D. Snapper sold 2,982 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $53.17, for a total transaction of $158,552.94. Following the completion of the sale, the chief financial officer now directly owns 223,216 shares in the company, valued at $11,868,394.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,547 shares of company stock valued at $302,252. 6.70% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisor Group Inc. grew its holdings in The Ensign Group by 53.3% in the fourth quarter. Advisor Group Inc. now owns 7,469 shares of the company’s stock worth $289,000 after purchasing an additional 2,597 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in The Ensign Group by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,275,411 shares of the company’s stock worth $88,263,000 after purchasing an additional 17,470 shares during the last quarter. California State Teachers Retirement System grew its holdings in The Ensign Group by 3.3% in the fourth quarter. California State Teachers Retirement System now owns 77,932 shares of the company’s stock worth $3,023,000 after purchasing an additional 2,498 shares during the last quarter. Geode Capital Management LLC grew its holdings in The Ensign Group by 11.2% in the fourth quarter. Geode Capital Management LLC now owns 572,857 shares of the company’s stock worth $22,220,000 after purchasing an additional 57,822 shares during the last quarter. Finally, Two Sigma Advisers LP grew its holdings in The Ensign Group by 71.3% in the fourth quarter. Two Sigma Advisers LP now owns 97,676 shares of the company’s stock worth $3,789,000 after purchasing an additional 40,652 shares during the last quarter. 80.91% of the stock is currently owned by hedge funds and other institutional investors.
The Ensign Group stock opened at $58.27 on Friday. The Ensign Group has a 1 year low of $34.69 and a 1 year high of $63.00. The firm has a 50 day moving average of $57.66. The stock has a market capitalization of $3.19 billion, a P/E ratio of 32.55, a price-to-earnings-growth ratio of 1.91 and a beta of 0.84. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.87.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Sunday, June 30th were paid a dividend of $0.0475 per share. The ex-dividend date was Thursday, June 27th. This represents a $0.19 annualized dividend and a yield of 0.33%. The Ensign Group’s dividend payout ratio is currently 10.61%.
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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