The Ensign Group (ENSG) Scheduled to Post Earnings on Wednesday

The Ensign Group (NASDAQ:ENSG) will be announcing its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $1.19 per share for the quarter. The Ensign Group has set its FY24 guidance at $5.29-$5.47 EPS and its FY 2024 guidance at 5.290-5.470 EPS.

The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings data on Thursday, February 1st. The company reported $1.17 EPS for the quarter, meeting analysts’ consensus estimates of $1.17. The Ensign Group had a return on equity of 17.84% and a net margin of 5.61%. The firm had revenue of $980.38 million for the quarter, compared to analyst estimates of $975.13 million. On average, analysts expect The Ensign Group to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

The Ensign Group Stock Performance

Shares of ENSG traded down $0.04 during midday trading on Friday, reaching $117.25. 159,379 shares of the stock were exchanged, compared to its average volume of 264,066. The stock’s 50 day simple moving average is $121.84 and its 200 day simple moving average is $113.51. The company has a market cap of $6.67 billion, a P/E ratio of 32.04, a PEG ratio of 1.57 and a beta of 0.94. The Ensign Group has a twelve month low of $87.14 and a twelve month high of $127.57. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.10.

The Ensign Group Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Sunday, March 31st will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.20%. The ex-dividend date is Wednesday, March 27th. The Ensign Group’s dividend payout ratio (DPR) is 6.56%.

Insider Transactions at The Ensign Group

In related news, VP Beverly B. Wittekind sold 10,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $121.65, for a total value of $1,216,500.00. Following the completion of the transaction, the vice president now owns 37,912 shares of the company’s stock, valued at approximately $4,611,994.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Daren Shaw sold 4,463 shares of The Ensign Group stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $118.96, for a total transaction of $530,918.48. Following the sale, the director now directly owns 32,250 shares of the company’s stock, valued at $3,836,460. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Beverly B. Wittekind sold 10,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $121.65, for a total value of $1,216,500.00. Following the sale, the vice president now owns 37,912 shares in the company, valued at $4,611,994.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 89,245 shares of company stock valued at $10,579,862. 3.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

ENSG has been the topic of a number of analyst reports. Royal Bank of Canada increased their target price on shares of The Ensign Group from $112.00 to $133.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Oppenheimer upped their price target on shares of The Ensign Group from $127.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, Stephens reissued an “overweight” rating and issued a $135.00 price objective on shares of The Ensign Group in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $123.60.

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.