The Ensign Group (NASDAQ:ENSG) Issues FY 2021 Earnings Guidance

The Ensign Group (NASDAQ:ENSG) updated its FY 2021 earnings guidance on Thursday. The company provided EPS guidance of 3.540-3.660 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.490. The company issued revenue guidance of $2.62 billion-$2.69 billion, compared to the consensus revenue estimate of $2.66 billion.

A number of research analysts recently weighed in on the stock. Truist Securities lifted their price objective on shares of The Ensign Group from $90.00 to $98.00 and gave the company a hold rating in a research note on Tuesday, April 20th. Truist Financial raised their price target on shares of The Ensign Group from $90.00 to $98.00 in a report on Wednesday, April 14th. Finally, Royal Bank of Canada raised their price target on shares of The Ensign Group from $95.00 to $100.00 and gave the company an outperform rating in a report on Monday, May 10th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $79.00.

Shares of NASDAQ ENSG traded up $1.07 during mid-day trading on Friday, reaching $83.96. 160,407 shares of the company were exchanged, compared to its average volume of 297,500. The Ensign Group has a 52 week low of $36.69 and a 52 week high of $98.66. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $4.62 billion, a PE ratio of 30.87, a PEG ratio of 1.73 and a beta of 1.05. The company’s 50 day moving average price is $90.04 and its 200 day moving average price is $80.86.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings data on Thursday, April 29th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. The Ensign Group had a net margin of 6.49% and a return on equity of 21.65%. The company had revenue of $627.25 million during the quarter, compared to the consensus estimate of $633.25 million. On average, sell-side analysts predict that The Ensign Group will post 2.85 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 30th. Stockholders of record on Wednesday, March 31st were issued a dividend of $0.0525 per share. This represents a $0.21 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date was Tuesday, March 30th. The Ensign Group’s dividend payout ratio is currently 10.05%.

In related news, Director Lee A. Daniels sold 983 shares of The Ensign Group stock in a transaction on Monday, March 22nd. The shares were sold at an average price of $89.74, for a total value of $88,214.42. Following the transaction, the director now owns 43,862 shares in the company, valued at approximately $3,936,175.88. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Chad Keetch sold 15,348 shares of The Ensign Group stock in a transaction on Monday, March 29th. The stock was sold at an average price of $92.90, for a total transaction of $1,425,829.20. Following the completion of the transaction, the executive vice president now owns 81,827 shares in the company, valued at approximately $7,601,728.30. The disclosure for this sale can be found here. Insiders have sold a total of 27,314 shares of company stock valued at $2,498,015 over the last ninety days. 6.80% of the stock is currently owned by insiders.

The Ensign Group Company Profile

The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses. It operates in two segments, Transitional and Skilled Services and Real Estate. The company offers transitional and skilled services, which include short and long-term nursing care services for patients with chronic conditions, prolonged illness, and the elderly; and physical, occupational, and speech therapies and other rehabilitative and healthcare services.

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