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.
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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