Analysts Anticipate The Ensign Group, Inc. (ENSG) to Post $0.38 EPS
Analysts expect The Ensign Group, Inc. (NASDAQ:ENSG) to announce $0.38 earnings per share for the current quarter, according to Zacks. Three analysts have issued estimates for The Ensign Group’s earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.37. The Ensign Group posted earnings of $0.32 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 18.8%. The company is scheduled to issue its next earnings report on Wednesday, November 1st.
According to Zacks, analysts expect that The Ensign Group will report full-year earnings of $1.44 per share for the current financial year, with EPS estimates ranging from $1.42 to $1.46. For the next fiscal year, analysts expect that the company will report earnings of $1.59 per share, with EPS estimates ranging from $1.52 to $1.66. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover The Ensign Group.
A number of research firms have recently weighed in on ENSG. Zacks Investment Research upgraded shares of The Ensign Group from a “sell” rating to a “hold” rating in a research note on Tuesday, June 6th. BidaskClub raised shares of The Ensign Group from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. Finally, TheStreet raised shares of The Ensign Group from a “c+” rating to a “b” rating in a report on Monday, August 7th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $22.00.
In other news, Director Antoinette T. Hubenette sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $20.95, for a total transaction of $52,375.00. Following the sale, the director now owns 24,626 shares of the company’s stock, valued at approximately $515,914.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Barry Port sold 10,000 shares of The Ensign Group 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 transaction, the vice president now directly owns 135,642 shares of the company’s stock, valued at $3,119,766. The disclosure for this sale can be found here. Insiders sold 14,576 shares of company stock valued at $327,373 over the last three months. 6.20% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in The Ensign Group by 132,060.3% during the first quarter. BlackRock Inc. now owns 5,931,353 shares of the company’s stock worth $111,509,000 after buying an additional 5,926,865 shares in the last quarter. Denver Investment Advisors LLC acquired a new stake in The Ensign Group during the second quarter valued at $24,027,000. Wellington Management Group LLP grew its position in The Ensign Group by 102.3% during the first quarter. Wellington Management Group LLP now owns 2,103,251 shares of the company’s stock valued at $39,542,000 after buying an additional 1,063,828 shares during the period. Vanguard Group Inc. grew its position in The Ensign Group by 5.9% during the first quarter. Vanguard Group Inc. now owns 4,373,518 shares of the company’s stock valued at $82,222,000 after buying an additional 245,244 shares during the period. Finally, Ameriprise Financial Inc. grew its position in The Ensign Group by 68.3% during the second quarter. Ameriprise Financial Inc. now owns 463,244 shares of the company’s stock valued at $10,085,000 after buying an additional 187,941 shares during the period. Hedge funds and other institutional investors own 84.20% of the company’s stock.
The Ensign Group (NASDAQ ENSG) opened at 23.40 on Wednesday. The company has a 50-day moving average price of $20.73 and a 200-day moving average price of $20.14. The company has a market capitalization of $1.19 billion, a PE ratio of 27.24 and a beta of 0.87. The Ensign Group has a one year low of $16.51 and a one year high of $23.44.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Saturday, September 30th will be issued a dividend of $0.043 per share. This represents a $0.17 annualized dividend and a yield of 0.74%. The ex-dividend date is Thursday, September 28th. The Ensign Group’s dividend payout ratio (DPR) is 20.24%.
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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