The Ensign Group (NASDAQ:ENSG) Releases FY19 Earnings Guidance

The Ensign Group (NASDAQ:ENSG) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.22-2.30 for the period, compared to the Thomson Reuters consensus estimate of $2.26. The company issued revenue guidance of $2.34-2.40 billion, compared to the consensus revenue estimate of $2.33 billion.The Ensign Group also updated its FY 2019 guidance to $2.20-2.30 EPS.

Shares of ENSG stock traded down $4.21 on Friday, reaching $54.06. 462,120 shares of the company’s stock traded hands, compared to its average volume of 221,810. The Ensign Group has a 12-month low of $34.69 and a 12-month high of $63.00. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.87. The company has a market capitalization of $3.19 billion, a P/E ratio of 30.20, a P/E/G ratio of 1.91 and a beta of 0.85. The company has a 50 day moving average of $57.65.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Sunday, June 30th were issued a dividend of $0.0475 per share. The ex-dividend date was Thursday, June 27th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 0.35%. The Ensign Group’s dividend payout ratio is 10.61%.

ENSG has been the topic of a number of research analyst reports. Oppenheimer lifted their price target on The Ensign Group from $52.00 to $58.00 and gave the company an outperform rating in a report on Wednesday, May 8th. Stifel Nicolaus lifted their price target on The Ensign Group from $52.00 to $56.00 and gave the company a hold rating in a report on Friday. BidaskClub upgraded The Ensign Group from a hold rating to a buy rating in a report on Friday, July 19th. Finally, Zacks Investment Research downgraded The Ensign Group from a strong-buy rating to a hold rating in a report on Tuesday, April 9th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $47.83.

In related news, insider Spencer Burton sold 1,000 shares of The Ensign Group stock in a transaction on Monday, July 29th. The stock was sold at an average price of $60.00, for a total transaction of $60,000.00. Following the completion of the sale, the insider now owns 19,351 shares of the company’s stock, valued at $1,161,060. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 directly owns 223,216 shares of the company’s stock, valued at approximately $11,868,394.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,547 shares of company stock valued at $302,252. Insiders own 6.70% of the company’s stock.

The Ensign Group Company Profile

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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