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%.
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.
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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