Ensign Group Inc. (ENSG) Updates FY14 Earnings Guidance
Ensign Group Inc. (NASDAQ:ENSG) updated its FY14 earnings guidance on Thursday. The company provided earnings per share guidance of $2.74-2.81 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.83, American Banking and Market News reports. The company issued revenue guidance of $1.01-1.025 billion, compared to the consensus revenue estimate of $981.12 million.
On a related note, analysts at Zacks upgraded shares of Ensign Group from an underperform rating to a neutral rating in a research note on Wednesday, January 8th. They now have a $45.70 price target on the stock. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $42.54.
Shares of Ensign Group Inc. (NASDAQ:ENSG) traded up 2.01% during mid-day trading on Thursday, hitting $40.41. 104,015 shares of the company’s stock traded hands. Ensign Group Inc. has a one year low of $29.24 and a one year high of $46.39. The stock has a 50-day moving average of $42.97 and a 200-day moving average of $41.90. The company has a market cap of $889.2 million and a P/E ratio of 69.87.
Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.72 by $0.02. The company had revenue of $237.00 million for the quarter, compared to the consensus estimate of $238.90 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis. Analysts expect that Ensign Group Inc. will post $2.57 EPS for the current fiscal year.
The Ensign Group, Inc, is a holding company. The Company is a provider of skilled nursing and rehabilitative care services through the operation of 103 facilities, five home health and three hospice operations located in Arizona, California, Colorado, Idaho, Iowa, Nebraska, Nevada, Oregon, Texas, Utah and Washington.
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