The Ensign Group, Inc. Expected to Earn Q1 2017 Earnings of $0.28 Per Share (ENSG)
The Ensign Group, Inc. (NASDAQ:ENSG) – Stock analysts at SunTrust Banks issued their Q1 2017 earnings per share (EPS) estimates for shares of The Ensign Group in a research note issued to investors on Tuesday. SunTrust Banks analyst E. Fleming expects that the company will post earnings per share of $0.28 for the quarter. SunTrust Banks also issued estimates for The Ensign Group’s Q2 2017 earnings at $0.33 EPS, Q3 2017 earnings at $0.37 EPS, Q4 2017 earnings at $0.39 EPS, FY2017 earnings at $1.37 EPS and FY2018 earnings at $1.49 EPS.
The Ensign Group (NASDAQ:ENSG) last announced its earnings results on Wednesday, February 8th. The company reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.07. The Ensign Group had a net margin of 3.02% and a return on equity of 13.94%. The firm earned $433.05 million during the quarter, compared to analysts’ expectations of $436.14 million. During the same period in the prior year, the company posted $0.35 EPS. The company’s revenue was up 16.0% compared to the same quarter last year.
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Several other analysts have also issued reports on the stock. TheStreet lowered shares of The Ensign Group from a “b” rating to a “c+” rating in a report on Wednesday, January 25th. Zacks Investment Research lowered shares of The Ensign Group from a “hold” rating to a “sell” rating in a report on Wednesday, February 15th. JMP Securities lowered shares of The Ensign Group from a “market perform” rating to an “underperform” rating and set a $18.00 price objective on the stock. in a report on Wednesday, January 4th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $26.00 price target (down from $29.00) on shares of The Ensign Group in a research note on Friday, February 10th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of The Ensign Group in a research note on Friday, February 10th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $23.33.
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Shares of The Ensign Group (NASDAQ:ENSG) opened at 18.28 on Thursday. The stock has a market cap of $930.42 million, a P/E ratio of 19.04 and a beta of 0.95. The Ensign Group has a 52 week low of $16.76 and a 52 week high of $23.86. The stock has a 50 day moving average of $18.46 and a 200 day moving average of $19.93.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 30th. Shareholders of record on Friday, March 31st will be paid a dividend of $0.0425 per share. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a $0.17 dividend on an annualized basis and a yield of 0.93%. The Ensign Group’s dividend payout ratio (DPR) is presently 17.71%.
In other The Ensign Group news, VP Barry Port sold 3,884 shares of the business’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $18.13, for a total transaction of $70,416.92. Following the sale, the vice president now directly owns 122,442 shares in the company, valued at $2,219,873.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.50% of the stock is owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. HighTower Advisors LLC raised its stake in shares of The Ensign Group by 10.4% in the third quarter. HighTower Advisors LLC now owns 21,590 shares of the company’s stock worth $432,000 after buying an additional 2,030 shares during the period. Steinberg Global Asset Management raised its stake in shares of The Ensign Group by 40.0% in the third quarter. Steinberg Global Asset Management now owns 77,663 shares of the company’s stock worth $1,563,000 after buying an additional 22,197 shares during the period. Paradigm Capital Management Inc. NY acquired a new stake in shares of The Ensign Group during the third quarter worth about $1,002,000. SG Americas Securities LLC acquired a new stake in shares of The Ensign Group during the third quarter worth about $259,000. Finally, Rhumbline Advisers raised its stake in shares of The Ensign Group by 5.4% in the third quarter. Rhumbline Advisers now owns 64,633 shares of the company’s stock worth $1,301,000 after buying an additional 3,315 shares during the period. Institutional investors own 87.18% of the company’s stock.
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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