The Ensign Group (ENSG) Updates FY17 Earnings Guidance

The Ensign Group (NASDAQ:ENSG) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.80-1.87 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.40. The company issued revenue guidance of $2-2.06 billion, compared to the consensus revenue estimate of $1.80 billion.

The Ensign Group (NASDAQ ENSG) traded down $0.06 during mid-day trading on Thursday, hitting $23.57. 352,074 shares of the company were exchanged, compared to its average volume of 215,296. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 1.53. The Ensign Group has a 1-year low of $16.50 and a 1-year high of $24.78. The firm has a market cap of $1,175.90, a PE ratio of 26.19 and a beta of 0.81.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.02). The Ensign Group had a return on equity of 13.15% and a net margin of 2.65%. The firm had revenue of $471.59 million during the quarter, compared to analyst estimates of $445.95 million. analysts expect that The Ensign Group will post 1.28 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Sunday, December 31st were given a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a 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 dividend payout ratio is currently 20.00%.

A number of equities analysts recently issued reports on ENSG shares. Royal Bank of Canada increased their target price on shares of The Ensign Group to $27.00 and gave the company an outperform rating in a research report on Monday, November 20th. ValuEngine lowered shares of The Ensign Group from a buy rating to a hold rating in a research 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 increased their target price 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 investment analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $26.67.

In other news, VP Beverly B. Wittekind sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $22.55, for a total transaction of $112,750.00. Following the completion of the transaction, the vice president now owns 46,656 shares in the company, valued at approximately $1,052,092.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Barry Port sold 5,901 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $24.11, for a total transaction of $142,273.11. Following the transaction, the vice president now owns 125,584 shares of the company’s stock, valued at approximately $3,027,830.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,318 shares of company stock valued at $1,648,075. Insiders own 6.20% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This report was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2018/02/08/the-ensign-group-ensg-updates-fy17-earnings-guidance.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.

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