$445.95 Million in Sales Expected for The Ensign Group, Inc. (ENSG) This Quarter
Equities research analysts expect The Ensign Group, Inc. (NASDAQ:ENSG) to announce sales of $445.95 million for the current quarter, according to Zacks. Three analysts have provided estimates for The Ensign Group’s earnings. The highest sales estimate is $451.40 million and the lowest is $435.34 million. The Ensign Group posted sales of $428.07 million in the same quarter last year, which suggests a positive year over year growth rate of 4.2%. The business is expected to issue its next quarterly earnings results on Wednesday, November 1st.
On average, analysts expect that The Ensign Group will report full year sales of $445.95 million for the current financial year, with estimates ranging from $1.74 billion to $1.80 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.86 billion per share, with estimates ranging from $1.82 billion to $1.89 billion. Zacks’ sales averages are an average based on a survey of analysts that cover The Ensign Group.
A number of equities analysts recently issued reports on ENSG shares. Zacks Investment Research upgraded shares of The Ensign Group from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. BidaskClub cut shares of The Ensign Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, TheStreet upgraded shares of The Ensign Group from a “c+” rating to a “b” rating in a research report on Monday, August 7th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The Ensign Group presently has an average rating of “Hold” and an average price target of $22.00.
In related news, VP Barry Port sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $23.00, for a total transaction of $230,000.00. Following the completion of the transaction, the vice president now directly owns 135,642 shares in the company, valued at approximately $3,119,766. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Antoinette T. Hubenette sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $20.95, for a total transaction of $52,375.00. Following the transaction, the director now owns 24,626 shares of the company’s stock, valued at $515,914.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,576 shares of company stock valued at $327,373. 6.20% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in ENSG. BlackRock Inc. increased its position in The Ensign Group by 132,060.3% in the 1st quarter. BlackRock Inc. now owns 5,931,353 shares of the company’s stock valued at $111,509,000 after acquiring an additional 5,926,865 shares during the period. Denver Investment Advisors LLC acquired a new position in The Ensign Group in the 2nd quarter valued at approximately $24,027,000. Wellington Management Group LLP increased its position in The Ensign Group by 102.3% in the 1st quarter. Wellington Management Group LLP now owns 2,103,251 shares of the company’s stock valued at $39,542,000 after acquiring an additional 1,063,828 shares during the period. Jupiter Asset Management Ltd. acquired a new position in The Ensign Group in the 1st quarter valued at approximately $5,160,000. Finally, Vanguard Group Inc. increased its position in The Ensign Group by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 4,373,518 shares of the company’s stock valued at $82,222,000 after acquiring an additional 245,244 shares during the period. Hedge funds and other institutional investors own 84.20% of the company’s stock.
Shares of The Ensign Group (NASDAQ ENSG) opened at 20.32 on Friday. The company has a market capitalization of $1.03 billion, a PE ratio of 23.66 and a beta of 0.86. The stock’s 50 day moving average is $20.43 and its 200 day moving average is $19.85. The Ensign Group has a 1-year low of $16.51 and a 1-year high of $23.35.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Saturday, September 30th will be given a dividend of $0.043 per share. This represents a $0.17 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Thursday, September 28th. The Ensign Group’s dividend payout ratio is 20.24%.
About The Ensign Group
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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