The Ensign Group, Inc. (NASDAQ:ENSG – Get Free Report) announced a quarterly dividend on Friday, March 20th. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.065 per share on Thursday, April 30th. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Tuesday, March 31st.
The Ensign Group has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 18 years. The Ensign Group has a payout ratio of 3.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect The Ensign Group to earn $6.17 per share next year, which means the company should continue to be able to cover its $0.26 annual dividend with an expected future payout ratio of 4.2%.
The Ensign Group Stock Down 1.2%
Shares of ENSG traded down $2.41 during mid-day trading on Friday, reaching $200.08. 673,026 shares of the stock traded hands, compared to its average volume of 382,512. The stock has a fifty day simple moving average of $196.53 and a 200 day simple moving average of $183.86. The Ensign Group has a 12-month low of $118.73 and a 12-month high of $218.00. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.06. The firm has a market cap of $11.59 billion, a price-to-earnings ratio of 34.26, a P/E/G ratio of 2.01 and a beta of 0.83.
Analysts Set New Price Targets
Several research analysts recently commented on ENSG shares. Truist Financial set a $215.00 price target on The Ensign Group and gave the stock a “hold” rating in a research note on Friday, February 6th. Royal Bank Of Canada restated an “outperform” rating and set a $222.00 price objective (up from $206.00) on shares of The Ensign Group in a research note on Monday, February 9th. Wall Street Zen upgraded The Ensign Group from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Zacks Research raised The Ensign Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 26th. Finally, UBS Group set a $230.00 target price on The Ensign Group and gave the company a “buy” rating in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, The Ensign Group presently has a consensus rating of “Buy” and an average price target of $204.60.
Check Out Our Latest Report on The Ensign Group
The Ensign Group Company Profile
The Ensign Group, Inc is a diversified provider of post-acute healthcare services in the United States, operating a network of skilled nursing, assisted living, independent living, home health and hospice care centers. The company’s model emphasizes integrated care by employing multidisciplinary teams—including nursing staff, therapists and physicians—to deliver personalized rehabilitation and long-term care services for seniors and other patients recovering from injury, illness or surgery.
Through its owned and managed centers, The Ensign Group offers a broad spectrum of rehabilitation services such as physical, occupational and speech therapy.
Further Reading
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