The Ensign Group (NASDAQ:ENSG) Announces Earnings Results

The Ensign Group (NASDAQ:ENSG) released its earnings results on Thursday. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01, Briefing.com reports. The Ensign Group had a return on equity of 17.32% and a net margin of 5.68%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the business posted $1.10 earnings per share. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. The Ensign Group updated its FY 2024 guidance to 5.460-5.520 EPS.

The Ensign Group Trading Up 2.7 %

Shares of ENSG stock traded up $3.97 during mid-day trading on Friday, reaching $152.82. 500,733 shares of the stock traded hands, compared to its average volume of 920,589. The stock’s fifty day simple moving average is $148.60 and its two-hundred day simple moving average is $133.71. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.09. The company has a market cap of $8.70 billion, a price-to-earnings ratio of 40.22, a price-to-earnings-growth ratio of 1.99 and a beta of 0.96. The Ensign Group has a 1-year low of $92.69 and a 1-year high of $155.68.

The Ensign Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend is Monday, September 30th. The Ensign Group’s payout ratio is 6.32%.

Insider Buying and Selling

In related news, Director Daren Shaw sold 2,000 shares of The Ensign Group stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $141.71, for a total value of $283,420.00. Following the transaction, the director now directly owns 29,125 shares of the company’s stock, valued at $4,127,303.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Daren Shaw sold 2,000 shares of The Ensign Group stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $141.71, for a total value of $283,420.00. Following the transaction, the director now directly owns 29,125 shares of the company’s stock, valued at $4,127,303.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Barry Port sold 5,618 shares of The Ensign Group stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.00, for a total value of $842,700.00. Following the completion of the sale, the chief executive officer now owns 53,716 shares of the company’s stock, valued at approximately $8,057,400. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,118 shares of company stock valued at $2,053,620 over the last ninety days. 3.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Royal Bank of Canada lifted their target price on The Ensign Group from $133.00 to $167.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Oppenheimer lifted their target price on The Ensign Group from $165.00 to $168.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Truist Financial lifted their price target on The Ensign Group from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, The Ensign Group presently has an average rating of “Moderate Buy” and a consensus target price of $152.80.

About The Ensign Group

The Ensign Group, Inc provides skilled nursing, senior living, and rehabilitative services. It operates through two segments: Skilled Services and Standard Bearer. The company's Skilled Services segment engages in the operation of skilled nursing facilities and rehabilitation therapy services for patients with chronic conditions, prolonged illness, and the elderly; and offers nursing facilities including specialty care, such as on-site dialysis, ventilator care, cardiac, and pulmonary management, as well as standard services comprising room and board, special nutritional programs, social services, recreational activities, entertainment, and other services.