The Ensign Group (ENSG) Scheduled to Post Quarterly Earnings on Wednesday

The Ensign Group (NASDAQ:ENSG) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $1.19 per share for the quarter. The Ensign Group has set its FY24 guidance at $5.29-$5.47 EPS and its FY 2024 guidance at 5.290-5.470 EPS.Parties that wish to register for the company’s conference call can do so using this link.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings results on Thursday, February 1st. The company reported $1.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.17. The Ensign Group had a return on equity of 17.84% and a net margin of 5.61%. The business had revenue of $980.38 million for the quarter, compared to the consensus estimate of $975.13 million. On average, analysts expect The Ensign Group to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

The Ensign Group Stock Down 0.9 %

ENSG stock traded down $1.06 during trading on Tuesday, reaching $117.63. 105,482 shares of the stock were exchanged, compared to its average volume of 262,416. The firm’s 50 day moving average is $121.78 and its 200 day moving average is $113.92. The Ensign Group has a twelve month low of $87.14 and a twelve month high of $127.57. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.10. The firm has a market cap of $6.69 billion, a P/E ratio of 32.24, a price-to-earnings-growth ratio of 1.57 and a beta of 0.94.

The Ensign Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Sunday, March 31st will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend is Wednesday, March 27th. The Ensign Group’s dividend payout ratio (DPR) is presently 6.56%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Royal Bank of Canada increased their price objective on The Ensign Group from $112.00 to $133.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Oppenheimer increased their price objective on The Ensign Group from $127.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, Stephens reissued an “overweight” rating and issued a $135.00 price objective on shares of The Ensign Group in a research note on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, The Ensign Group has a consensus rating of “Moderate Buy” and an average target price of $123.60.

Insider Activity

In other news, VP Beverly B. Wittekind sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $121.65, for a total value of $1,216,500.00. Following the completion of the transaction, the vice president now directly owns 37,912 shares of the company’s stock, valued at $4,611,994.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, VP Beverly B. Wittekind sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $121.65, for a total value of $1,216,500.00. Following the completion of the transaction, the vice president now directly owns 37,912 shares of the company’s stock, valued at $4,611,994.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Christopher R. Christensen sold 10,800 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $117.56, for a total value of $1,269,648.00. Following the completion of the transaction, the chairman now directly owns 147,400 shares of the company’s stock, valued at $17,328,344. The disclosure for this sale can be found here. Insiders sold a total of 89,245 shares of company stock valued at $10,579,862 over the last three months. Corporate 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.