Analysts forecast that The Ensign Group, Inc. (NASDAQ:ENSG) will report sales of $445.95 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for The Ensign Group’s earnings, with estimates ranging from $435.34 million to $451.40 million. The Ensign Group posted sales of $428.07 million during the same quarter last year, which would indicate a positive year over year growth rate of 4.2%. The firm is scheduled to report its next earnings report on Wednesday, November 1st.

On average, analysts expect that The Ensign Group will report full year sales of $445.95 million for the current fiscal year, with estimates ranging from $1.74 billion to $1.80 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.86 billion per share, with estimates ranging from $1.82 billion to $1.89 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover The Ensign Group.

ENSG has been the topic of a number of research analyst reports. Wells Fargo & Company lowered The Ensign Group from a “market perform” rating to an “underperform” rating in a research report on Friday, April 28th. Zacks Investment Research upgraded The Ensign Group from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. BidaskClub lowered The Ensign Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, TheStreet upgraded The Ensign Group from a “c+” rating to a “b” rating in a research report on Monday. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $22.00.

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In related news, VP Barry Port sold 10,000 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $23.00, for a total transaction of $230,000.00. Following the sale, the vice president now directly owns 135,642 shares in the company, valued at approximately $3,119,766. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 11,761 shares of company stock worth $267,981. 6.20% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in ENSG. LSV Asset Management raised its position in shares of The Ensign Group by 16.9% in the first quarter. LSV Asset Management now owns 243,900 shares of the company’s stock worth $4,585,000 after buying an additional 35,200 shares during the last quarter. Great West Life Assurance Co. Can raised its position in shares of The Ensign Group by 6.3% in the first quarter. Great West Life Assurance Co. Can now owns 66,476 shares of the company’s stock worth $1,248,000 after buying an additional 3,956 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of The Ensign Group by 8.9% in the first quarter. Wells Fargo & Company MN now owns 194,729 shares of the company’s stock worth $3,660,000 after buying an additional 15,899 shares during the last quarter. Greenwich Wealth Management LLC raised its position in shares of The Ensign Group by 37.9% in the first quarter. Greenwich Wealth Management LLC now owns 35,808 shares of the company’s stock worth $673,000 after buying an additional 9,834 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of The Ensign Group by 52.2% in the first quarter. Nisa Investment Advisors LLC now owns 7,000 shares of the company’s stock worth $132,000 after buying an additional 2,400 shares during the last quarter. Hedge funds and other institutional investors own 84.65% of the company’s stock.

The Ensign Group (ENSG) opened at 19.65 on Friday. The Ensign Group has a 12 month low of $16.51 and a 12 month high of $23.35. The firm’s 50-day moving average price is $21.64 and its 200-day moving average price is $19.69. The firm has a market cap of $999.56 million, a price-to-earnings ratio of 22.88 and a beta of 0.84.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, June 30th were given a dividend of $0.0425 per share. The ex-dividend date was Wednesday, June 28th. This represents a $0.17 dividend on an annualized basis and a yield of 0.87%. The Ensign Group’s dividend payout ratio (DPR) is presently 20.24%.

The Ensign Group Company Profile

The Ensign Group, Inc, through its operating subsidiaries, provides healthcare services across the post-acute care continuum, as well as other ancillary businesses located in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, Oregon, South Carolina, Texas, Utah, Washington and Wisconsin.

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Earnings History and Estimates for The Ensign Group (NASDAQ:ENSG)

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