$0.38 Earnings Per Share Expected for The Ensign Group, Inc. (ENSG) This Quarter
Equities research analysts expect The Ensign Group, Inc. (NASDAQ:ENSG) to report earnings of $0.38 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for The Ensign Group’s earnings, with estimates ranging from $0.37 to $0.39. The Ensign Group reported earnings per share of $0.32 during the same quarter last year, which would suggest a positive year-over-year growth rate of 18.8%. The company is scheduled to report its next earnings results on Wednesday, November 1st.
According to Zacks, analysts expect that The Ensign Group will report full year earnings of $1.45 per share for the current year, with EPS estimates ranging from $1.42 to $1.46. For the next year, analysts anticipate that the business will post earnings of $1.58 per share, with EPS estimates ranging from $1.52 to $1.66. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover The Ensign Group.
A number of research analysts recently weighed in on ENSG shares. Zacks Investment Research lowered The Ensign Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. TheStreet raised The Ensign Group from a “c+” rating to a “b” rating in a research report on Monday, August 7th. Finally, BidaskClub lowered The Ensign Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 6th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.00.
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Shares of The Ensign Group (NASDAQ:ENSG) opened at 23.02 on Monday. The Ensign Group has a 12-month low of $16.50 and a 12-month high of $23.78. The firm has a 50 day moving average price of $21.61 and a 200-day moving average price of $20.48. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 26.80 and a beta of 0.87.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Saturday, September 30th will be issued a $0.043 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, September 28th. The Ensign Group’s payout ratio is 20.24%.
In other The Ensign Group news, Director Antoinette T. Hubenette sold 2,500 shares of The Ensign Group stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $20.95, for a total value of $52,375.00. Following the completion of the sale, the director now owns 24,626 shares of the company’s stock, valued at approximately $515,914.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 4,576 shares of company stock valued at $97,373. Corporate insiders own 6.20% of the company’s stock.
Several institutional investors have recently bought and sold shares of ENSG. BlackRock Inc. increased its holdings in shares of The Ensign Group by 132,060.3% in the 1st quarter. BlackRock Inc. now owns 5,931,353 shares of the company’s stock worth $111,509,000 after purchasing an additional 5,926,865 shares in the last quarter. Denver Investment Advisors LLC bought a new stake in shares of The Ensign Group in the 2nd quarter worth $24,027,000. Vanguard Group Inc. increased its holdings in shares of The Ensign Group by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 4,373,518 shares of the company’s stock worth $82,222,000 after purchasing an additional 245,244 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of The Ensign Group by 68.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 463,244 shares of the company’s stock worth $10,085,000 after purchasing an additional 187,941 shares in the last quarter. Finally, Copeland Capital Management LLC increased its holdings in shares of The Ensign Group by 19.6% in the 2nd quarter. Copeland Capital Management LLC now owns 1,065,497 shares of the company’s stock worth $23,196,000 after purchasing an additional 174,599 shares in the last quarter. 84.20% of the stock is owned by institutional investors and hedge funds.
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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