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.
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.
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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