$526.40 Million in Sales Expected for The Ensign Group, Inc. (ENSG) This Quarter
Wall Street brokerages predict that The Ensign Group, Inc. (NASDAQ:ENSG) will announce sales of $526.40 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for The Ensign Group’s earnings. The lowest sales estimate is $525.60 million and the highest is $527.20 million. The Ensign Group reported sales of $487.71 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.9%. The firm is expected to issue its next quarterly earnings results on Thursday, February 14th.
On average, analysts expect that The Ensign Group will report full year sales of $2.03 billion for the current financial year. For the next financial year, analysts anticipate that the firm will report sales of $2.19 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow The Ensign Group.
The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings results on Wednesday, October 31st. The company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.01. The Ensign Group had a return on equity of 16.10% and a net margin of 3.86%. The firm had revenue of $522.21 million for the quarter, compared to analyst estimates of $506.14 million. During the same period last year, the firm posted $0.28 earnings per share. The business’s revenue for the quarter was up 10.7% on a year-over-year basis.
Shares of ENSG stock traded up $0.35 during mid-day trading on Tuesday, reaching $41.00. 17,949 shares of the stock traded hands, compared to its average volume of 323,210. The Ensign Group has a 1-year low of $21.67 and a 1-year high of $48.96. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 34.11, a PEG ratio of 1.67 and a beta of 0.67. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Investors of record on Monday, December 31st will be paid a $0.047 dividend. This represents a $0.19 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Friday, December 28th. The Ensign Group’s dividend payout ratio is currently 15.00%.
In related news, VP Beverly B. Wittekind sold 5,000 shares of The Ensign Group stock in a transaction that occurred on Tuesday, October 16th. The stock was sold at an average price of $38.61, for a total value of $193,050.00. Following the transaction, the vice president now directly owns 55,984 shares of the company’s stock, valued at $2,161,542.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Chad Keetch sold 64,039 shares of The Ensign Group stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $44.90, for a total value of $2,875,351.10. Following the completion of the transaction, the vice president now directly owns 70,892 shares in the company, valued at $3,183,050.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 98,453 shares of company stock worth $4,283,378. 6.00% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. lifted its stake in shares of The Ensign Group by 14,877.2% in the second quarter. Advisors Asset Management Inc. now owns 239,336 shares of the company’s stock worth $103,000 after acquiring an additional 237,738 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in The Ensign Group in the third quarter worth approximately $112,000. Pillar Pacific Capital Management LLC bought a new stake in The Ensign Group in the third quarter worth approximately $204,000. MML Investors Services LLC bought a new stake in The Ensign Group in the third quarter worth approximately $224,000. Finally, Paloma Partners Management Co bought a new stake in The Ensign Group in the second quarter worth approximately $231,000. 84.13% of the stock is currently owned by institutional investors.
The Ensign Group Company Profile
The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses in the United States. It operates through 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, including daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.
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