The Ensign Group (ENSG) to Release Quarterly Earnings on Thursday

The Ensign Group (NASDAQ:ENSG) is set to post its quarterly earnings results after the market closes on Thursday, October 24th. Analysts expect The Ensign Group to post earnings of $1.26 per share for the quarter. The Ensign Group has set its FY24 guidance at $5.38-5.50 EPS and its FY 2024 guidance at 5.380-5.500 EPS.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.02. The Ensign Group had a net margin of 5.68% and a return on equity of 17.32%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the company earned $1.08 earnings per share. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. On average, analysts expect The Ensign Group to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

The Ensign Group Stock Performance

ENSG stock traded down $0.11 on Tuesday, hitting $147.61. The company had a trading volume of 4,270 shares, compared to its average volume of 365,963. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.09. The Ensign Group has a 12-month low of $92.69 and a 12-month high of $154.93. The stock has a market cap of $8.40 billion, a price-to-earnings ratio of 38.84, a P/E/G ratio of 1.96 and a beta of 0.96. The stock’s 50-day simple moving average is $147.89 and its 200 day simple moving average is $132.83.

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 $0.06 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.16%. The Ensign Group’s dividend payout ratio (DPR) is currently 6.32%.

Analysts Set New Price Targets

ENSG has been the topic of a number of recent research reports. Oppenheimer increased their target price on The Ensign Group from $155.00 to $165.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Macquarie began coverage on shares of The Ensign Group in a research note on Friday, June 28th. They issued an “outperform” rating and a $134.00 price objective on the stock. Truist Financial boosted their target price on shares of The Ensign Group from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada increased their price target on shares of The Ensign Group from $133.00 to $167.00 and gave the stock an “outperform” rating in a research report on Monday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $152.20.

Insiders Place Their Bets

In other The Ensign Group news, CEO Barry Port sold 5,618 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.00, for a total value of $842,700.00. Following the completion of the transaction, the chief executive officer now directly owns 53,716 shares in the company, valued at $8,057,400. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other The Ensign Group news, Director Daren Shaw sold 2,000 shares of the company’s 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 completion of the transaction, the director now directly owns 29,125 shares in the company, valued at $4,127,303.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Barry Port sold 5,618 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.00, for a total transaction of $842,700.00. Following the sale, the chief executive officer now directly owns 53,716 shares of the company’s stock, valued at approximately $8,057,400. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,118 shares of company stock worth $2,053,620. Company insiders own 3.90% of the company’s stock.

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.