The Ensign Group (NASDAQ:ENSG) Issues Earnings Results, Beats Expectations By $0.01 EPS

The Ensign Group (NASDAQ:ENSG) issued its quarterly earnings data on Thursday. The company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01, Briefing.com reports. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.07 billion. The Ensign Group had a net margin of 5.68% and a return on equity of 17.32%. The firm’s revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.10 EPS. The Ensign Group updated its FY 2024 guidance to 5.460-5.520 EPS.

The Ensign Group Trading Up 2.7 %

ENSG stock traded up $3.97 during midday trading on Friday, reaching $152.82. 500,733 shares of the company’s stock traded hands, compared to its average volume of 920,589. The company has a market capitalization of $8.70 billion, a P/E ratio of 40.22, a PEG ratio of 1.99 and a beta of 0.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.53 and a quick ratio of 1.53. The Ensign Group has a fifty-two week low of $92.69 and a fifty-two week high of $155.68. The business has a 50-day moving average price of $148.60 and a two-hundred day moving average price of $133.71.

The Ensign Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.24 dividend on an annualized basis and a yield of 0.16%. The Ensign Group’s dividend payout ratio (DPR) is 6.32%.

Insider Buying and Selling at The Ensign Group

In other news, CEO Barry Port sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $140.00, for a total transaction of $420,000.00. Following the transaction, the chief executive officer now directly owns 53,716 shares of the company’s stock, valued at approximately $7,520,240. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Barry Port sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $140.00, for a total transaction of $420,000.00. Following the transaction, the chief executive officer now directly owns 53,716 shares of the company’s stock, valued at approximately $7,520,240. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Daren Shaw sold 2,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $141.71, for a total transaction of $283,420.00. Following the transaction, the director now directly owns 29,125 shares in the company, valued at approximately $4,127,303.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,118 shares of company stock valued at $2,053,620 over the last ninety days. Corporate insiders own 3.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on ENSG. Truist Financial raised their price target on shares of The Ensign Group from $150.00 to $160.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Oppenheimer raised their price target on shares of The Ensign Group from $165.00 to $168.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Royal Bank of Canada raised 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 note on Monday, October 21st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $152.80.

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.