The Ensign Group (NASDAQ:ENSG) Releases FY 2019 Earnings Guidance

The Ensign Group (NASDAQ:ENSG) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.20-2.30 for the period, compared to the Thomson Reuters consensus estimate of $2.26. The company issued revenue guidance of $2.34-2.4 billion, compared to the consensus revenue estimate of $2.33 billion.The Ensign Group also updated its FY19 guidance to $2.22-2.30 EPS.

Several brokerages recently commented on ENSG. Zacks Investment Research cut The Ensign Group from a strong-buy rating to a hold rating in a research report on Tuesday, April 9th. Oppenheimer increased their price target on The Ensign Group from $52.00 to $58.00 and gave the company an outperform rating in a research report on Wednesday, May 8th. BidaskClub raised The Ensign Group from a hold rating to a buy rating in a research report on Friday, July 19th. Finally, Stifel Nicolaus increased their price target on The Ensign Group from $52.00 to $56.00 and gave the company a hold rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The Ensign Group currently has an average rating of Buy and a consensus target price of $47.83.

NASDAQ:ENSG traded down $4.21 on Friday, hitting $54.06. The company’s stock had a trading volume of 462,120 shares, compared to its average volume of 221,810. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a fifty day moving average of $57.65. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 30.20, a P/E/G ratio of 1.91 and a beta of 0.85. The Ensign Group has a one year low of $34.69 and a one year high of $63.00.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. The firm had revenue of $575.65 million for the quarter, compared to analyst estimates of $574.24 million. The Ensign Group had a return on equity of 17.23% and a net margin of 4.59%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.44 earnings per share. On average, equities research analysts anticipate that The Ensign Group will post 2.11 EPS for the current fiscal year.

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 $0.0475 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.19 annualized dividend and a yield of 0.35%. The Ensign Group’s dividend payout ratio is 10.61%.

In other The Ensign Group news, CFO Suzanne D. Snapper sold 2,982 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was 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 filing with the Securities & Exchange Commission, which is available through this link. Also, VP Beverly B. Wittekind sold 868 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $53.17, for a total value of $46,151.56. Following the transaction, 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 5,547 shares of company stock worth $302,252 in the last 90 days. Corporate insiders own 6.70% 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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Earnings History and Estimates for The Ensign Group (NASDAQ:ENSG)

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