The Ensign Group (ENSG) Releases Quarterly Earnings Results

The Ensign Group (NASDAQ:ENSG) announced its quarterly earnings results on Tuesday. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40, Bloomberg Earnings reports. The Ensign Group had a net margin of 2.65% and a return on equity of 13.15%. The company had revenue of $487.70 million for the quarter, compared to the consensus estimate of $457.91 million. During the same quarter in the prior year, the firm earned $0.30 earnings per share. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year.

The Ensign Group (NASDAQ ENSG) traded down $0.06 during trading hours on Thursday, hitting $23.57. 352,761 shares of the stock were exchanged, compared to its average volume of 215,499. 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 firm has a market capitalization of $1,210.00, a price-to-earnings ratio of 25.90 and a beta of 0.82. The Ensign Group has a twelve month low of $16.50 and a twelve month high of $24.78.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Sunday, December 31st were given a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Thursday, December 28th. This is a positive change from The Ensign Group’s previous quarterly dividend of $0.04. The Ensign Group’s payout ratio is currently 19.78%.

In other news, VP Beverly B. Wittekind sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $22.55, for a total value of $112,750.00. Following the completion of the transaction, the vice president now owns 46,656 shares of the company’s stock, valued at $1,052,092.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Barry Port sold 20,423 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $24.02, for a total transaction of $490,560.46. Following the completion of the transaction, the vice president now directly owns 128,112 shares of the company’s stock, valued at approximately $3,077,250.24. The disclosure for this sale can be found here. In the last three months, insiders sold 69,318 shares of company stock valued at $1,648,075. Company insiders own 6.20% of the company’s stock.

Several analysts have issued reports on ENSG shares. Royal Bank of Canada reaffirmed a “buy” rating and issued a $21.00 price target on shares of The Ensign Group in a report on Tuesday, November 7th. ValuEngine downgraded shares of The Ensign Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. BidaskClub lowered shares of The Ensign Group from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Finally, Cantor Fitzgerald boosted their price objective on shares of The Ensign Group from $23.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, November 9th. Three 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 company. The company has an average rating of “Hold” and an average price target of $26.67.

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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.

Earnings History for The Ensign Group (NASDAQ:ENSG)

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