The Ensign Group, Inc. (ENSG) Expected to Post Quarterly Sales of $510.90 Million
Brokerages forecast that The Ensign Group, Inc. (NASDAQ:ENSG) will announce $510.90 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for The Ensign Group’s earnings. The lowest sales estimate is $505.30 million and the highest is $516.50 million. The Ensign Group reported sales of $471.59 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.3%. The company is expected to issue its next quarterly earnings report on Wednesday, November 14th.
According to Zacks, analysts expect that The Ensign Group will report full year sales of $2.03 billion for the current year, with estimates ranging from $2.01 billion to $2.04 billion. For the next fiscal year, analysts anticipate that the company will post sales of $2.19 billion per share, with estimates ranging from $2.18 billion to $2.19 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover The Ensign Group.
The Ensign Group (NASDAQ:ENSG) last posted its earnings results on Thursday, August 2nd. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $496.40 million for the quarter, compared to the consensus estimate of $496.61 million. The Ensign Group had a net margin of 3.61% and a return on equity of 15.61%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 EPS.
NASDAQ ENSG traded down $0.11 during trading on Friday, reaching $37.06. 400 shares of the company’s stock traded hands, compared to its average volume of 252,260. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 30.89, a price-to-earnings-growth ratio of 1.40 and a beta of 0.62. The Ensign Group has a 12-month low of $19.40 and a 12-month high of $40.09.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 31st. Stockholders of record on Saturday, June 30th were given a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Thursday, June 28th. The Ensign Group’s payout ratio is currently 15.00%.
In other news, CEO Christopher R. Christensen sold 21,241 shares of The Ensign Group stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $37.42, for a total value of $794,838.22. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Suzanne D. Snapper sold 3,273 shares of The Ensign Group stock in a transaction that occurred on Wednesday, May 23rd. The stock was sold at an average price of $35.00, for a total transaction of $114,555.00. Following the completion of the transaction, the chief financial officer now directly owns 124,263 shares in the company, valued at approximately $4,349,205. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,726 shares of company stock worth $4,152,374. Insiders own 6.00% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its position in The Ensign Group by 14.1% during the 2nd quarter. BlackRock Inc. now owns 7,187,953 shares of the company’s stock worth $257,471,000 after purchasing an additional 890,137 shares during the last quarter. Wasatch Advisors Inc. grew its position in The Ensign Group by 4.3% during the 1st quarter. Wasatch Advisors Inc. now owns 6,541,631 shares of the company’s stock worth $172,045,000 after purchasing an additional 268,181 shares during the last quarter. Dimensional Fund Advisors LP grew its position in The Ensign Group by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,286,451 shares of the company’s stock worth $60,134,000 after purchasing an additional 23,814 shares during the last quarter. LSV Asset Management grew its position in The Ensign Group by 36.8% during the 1st quarter. LSV Asset Management now owns 1,302,319 shares of the company’s stock worth $34,250,000 after purchasing an additional 350,249 shares during the last quarter. Finally, Copeland Capital Management LLC grew its position in The Ensign Group by 0.5% during the 1st quarter. Copeland Capital Management LLC now owns 1,056,425 shares of the company’s stock worth $27,784,000 after purchasing an additional 5,498 shares during the last quarter. 83.15% of the stock is currently owned by hedge funds and other institutional investors.
About The Ensign Group
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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