The Ensign Group Inc. (ENSG) Declares $0.04 Quarterly Dividend
The Ensign Group Inc. (NASDAQ:ENSG) announced a quarterly dividend on Tuesday, September 20th. Shareholders of record on Friday, September 30th will be paid a dividend of 0.04 per share on Monday, October 31st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.76%.
The Ensign Group (NASDAQ:ENSG) traded down 0.14% during midday trading on Tuesday, reaching $20.97. The company had a trading volume of 18,736 shares. The firm has a 50-day moving average of $19.44 and a 200-day moving average of $20.96. The stock has a market cap of $1.06 billion, a P/E ratio of 23.25 and a beta of 0.65. The Ensign Group has a 12 month low of $17.60 and a 12 month high of $25.09.
The Ensign Group (NASDAQ:ENSG) last posted its earnings results on Tuesday, August 2nd. The company reported $0.33 EPS for the quarter, meeting the consensus estimate of $0.33. The Ensign Group had a return on equity of 15.86% and a net margin of 3.13%. The company had revenue of $410.51 million for the quarter, compared to the consensus estimate of $400.19 million. During the same quarter in the prior year, the business earned $0.60 earnings per share. The firm’s revenue for the quarter was up 32.0% on a year-over-year basis. On average, equities analysts expect that The Ensign Group will post $1.38 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Arizona State Retirement System increased its position in The Ensign Group by 0.4% in the second quarter. Arizona State Retirement System now owns 24,296 shares of the company’s stock valued at $510,000 after buying an additional 100 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in The Ensign Group by 6.8% in the second quarter. Parametric Portfolio Associates LLC now owns 133,560 shares of the company’s stock valued at $2,806,000 after buying an additional 8,479 shares during the last quarter. Citadel Advisors LLC purchased a new position in The Ensign Group during the second quarter valued at approximately $1,325,000. Clinton Group Inc. purchased a new position in The Ensign Group during the second quarter valued at approximately $399,000. Finally, Greenwich Wealth Management LLC increased its position in The Ensign Group by 3.9% in the second quarter. Greenwich Wealth Management LLC now owns 16,964 shares of the company’s stock valued at $356,000 after buying an additional 640 shares during the last quarter. 84.62% of the stock is currently owned by institutional investors.
Several equities analysts recently commented on ENSG shares. Wells Fargo & Co. downgraded The Ensign Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 26th. TheStreet downgraded The Ensign Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 26th. Cantor Fitzgerald restated a “buy” rating and set a $22.00 target price on shares of The Ensign Group in a research report on Wednesday, August 3rd. SunTrust Banks Inc. cut their target price on The Ensign Group from $27.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday, August 4th. Finally, Zacks Investment Research downgraded The Ensign Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The Ensign Group currently has a consensus rating of “Hold” and an average target price of $25.00.
The Ensign Group Company Profile
The Ensign Group, Inc is a holding company. The Company, through its subsidiaries, provides healthcare services across the post-acute care continuum, as well as urgent care centers and mobile ancillary businesses. Its segments include transitional, skilled and assisted living services (TSA services); home health and hospice services, and all other.
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