Zacks: Analysts Expect The Ensign Group, Inc. (ENSG) to Announce $0.51 EPS

Brokerages predict that The Ensign Group, Inc. (NASDAQ:ENSG) will announce earnings per share (EPS) of $0.51 for the current quarter, Zacks reports. Two analysts have made estimates for The Ensign Group’s earnings, with estimates ranging from $0.50 to $0.51. The Ensign Group reported earnings per share of $0.40 in the same quarter last year, which suggests a positive year-over-year growth rate of 27.5%. The firm is expected to announce its next earnings report on Thursday, February 14th.

According to Zacks, analysts expect that The Ensign Group will report full year earnings of $1.85 per share for the current fiscal year, with EPS estimates ranging from $1.84 to $1.86. For the next year, analysts anticipate that the business will post earnings of $2.08 per share, with EPS estimates ranging from $2.02 to $2.15. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover The Ensign Group.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings results on Wednesday, October 31st. The company reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.01. The company had revenue of $522.21 million for the quarter, compared to analysts’ expectations of $506.14 million. The Ensign Group had a return on equity of 16.10% and a net margin of 3.86%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 earnings per share.

Several analysts have recently weighed in on the company. Cantor Fitzgerald boosted their price target on The Ensign Group from $42.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, November 2nd. BidaskClub upgraded The Ensign Group from a “hold” rating to a “buy” rating in a report on Friday, October 26th. Zacks Investment Research cut The Ensign Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. Finally, Stifel Nicolaus set a $34.00 price target on The Ensign Group and gave the stock a “hold” rating in a report on Thursday, August 16th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The Ensign Group has a consensus rating of “Buy” and a consensus target price of $40.71.

Shares of NASDAQ:ENSG traded up $0.28 during midday trading on Friday, hitting $44.28. 966 shares of the stock were exchanged, compared to its average volume of 444,531. The stock has a market cap of $2.30 billion, a P/E ratio of 36.73, a price-to-earnings-growth ratio of 1.71 and a beta of 0.65. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43. The Ensign Group has a 12 month low of $21.67 and a 12 month high of $48.17.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Sunday, September 30th were paid a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend was Thursday, September 27th. The Ensign Group’s dividend payout ratio is currently 15.00%.

In related news, VP Chad Keetch sold 64,039 shares of The Ensign Group stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $44.90, for a total value of $2,875,351.10. Following the transaction, the vice president now directly owns 70,892 shares of the company’s stock, valued at $3,183,050.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Beverly B. Wittekind sold 5,000 shares of The Ensign Group stock in a transaction that occurred on Tuesday, October 16th. The stock was sold at an average price of $38.61, for a total value of $193,050.00. Following the completion of the transaction, the vice president now directly owns 55,984 shares in the company, valued at $2,161,542.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 98,933 shares of company stock worth $4,301,915. 6.00% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the stock. UBS Group AG raised its holdings in The Ensign Group by 147.8% during the first quarter. UBS Group AG now owns 38,355 shares of the company’s stock worth $1,008,000 after purchasing an additional 22,875 shares in the last quarter. Legal & General Group Plc raised its holdings in The Ensign Group by 2.4% during the first quarter. Legal & General Group Plc now owns 102,009 shares of the company’s stock worth $2,697,000 after purchasing an additional 2,354 shares in the last quarter. Principal Financial Group Inc. raised its holdings in The Ensign Group by 5.9% during the first quarter. Principal Financial Group Inc. now owns 391,152 shares of the company’s stock worth $10,288,000 after purchasing an additional 21,783 shares in the last quarter. Amalgamated Bank purchased a new position in The Ensign Group during the second quarter worth about $287,000. Finally, Sawgrass Asset Management LLC raised its holdings in The Ensign Group by 218.4% during the second quarter. Sawgrass Asset Management LLC now owns 73,870 shares of the company’s stock worth $2,646,000 after purchasing an additional 50,670 shares in the last quarter. 83.05% of the stock is currently owned by institutional investors.

About The Ensign Group

The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses in the United States. It operates through three segments: Transitional and Skilled Services; Assisted and Independent Living Services; and Home Health and Hospice Services. The Transitional and Skilled Services segment offers a range of medical, nursing, rehabilitative, and pharmacy services, as well as routine services, including daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.

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