The Ensign Group, Inc. (ENSG) Expected to Announce Quarterly Sales of $459.25 Million

Equities research analysts expect The Ensign Group, Inc. (NASDAQ:ENSG) to report $459.25 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for The Ensign Group’s earnings, with the lowest sales estimate coming in at $441.90 million and the highest estimate coming in at $479.20 million. The Ensign Group reported sales of $433.05 million in the same quarter last year, which indicates a positive year-over-year growth rate of 6.1%. The company is scheduled to report its next quarterly earnings results on Wednesday, February 14th.

On average, analysts expect that The Ensign Group will report full-year sales of $459.25 million for the current fiscal year, with estimates ranging from $1.77 billion to $1.84 billion. For the next fiscal year, analysts expect that the company will post sales of $1.97 billion per share, with estimates ranging from $1.87 billion to $2.04 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover The Ensign Group.

A number of research firms recently issued reports on ENSG. BidaskClub downgraded shares of The Ensign Group from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Royal Bank of Canada raised their price objective on shares of The Ensign Group to $27.00 and gave the stock an “outperform” rating in a report on Monday, November 20th. ValuEngine downgraded shares of The Ensign Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, Cantor Fitzgerald raised their price objective on shares of The Ensign Group from $23.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $26.67.

Shares of The Ensign Group (NASDAQ:ENSG) opened at $23.83 on Friday. The Ensign Group has a 1-year low of $16.50 and a 1-year high of $24.78. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59. The stock has a market cap of $1,212.23, a PE ratio of 26.48 and a beta of 0.83.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Sunday, December 31st will be issued a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, December 28th. This is an increase from The Ensign Group’s previous quarterly dividend of $0.04. The Ensign Group’s dividend payout ratio (DPR) is 20.00%.

In related news, VP Barry Port sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the sale, the vice president now owns 134,684 shares in the company, valued at $3,232,416. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Beverly B. Wittekind sold 5,000 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $22.55, for a total transaction of $112,750.00. Following the transaction, the vice president now owns 46,656 shares of the company’s stock, valued at approximately $1,052,092.80. The disclosure for this sale can be found here. Insiders have sold 15,529 shares of company stock valued at $365,114 in the last 90 days. 6.20% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the business. Northern Trust Corp boosted its position in The Ensign Group by 19.1% during the second quarter. Northern Trust Corp now owns 747,571 shares of the company’s stock worth $16,275,000 after purchasing an additional 120,113 shares during the period. BlackRock Inc. boosted its position in The Ensign Group by 0.3% during the second quarter. BlackRock Inc. now owns 5,951,320 shares of the company’s stock worth $129,561,000 after purchasing an additional 19,967 shares during the period. Ramsey Quantitative Systems bought a new position in The Ensign Group during the second quarter worth about $377,000. Bridge City Capital LLC boosted its position in The Ensign Group by 8.7% during the third quarter. Bridge City Capital LLC now owns 131,977 shares of the company’s stock worth $2,981,000 after purchasing an additional 10,547 shares during the period. Finally, Cambridge Investment Research Advisors Inc. bought a new position in The Ensign Group during the third quarter worth about $640,000. Hedge funds and other institutional investors own 84.77% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “The Ensign Group, Inc. (ENSG) Expected to Announce Quarterly Sales of $459.25 Million” was reported by American Banking News and is the property of of American Banking News. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international copyright law. The original version of this news story can be accessed at https://www.americanbankingnews.com/2018/01/06/the-ensign-group-inc-ensg-expected-to-announce-quarterly-sales-of-459-25-million.html.

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.

Get a free copy of the Zacks research report on The Ensign Group (ENSG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for The Ensign Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Ensign Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply