The Ensign Group (NASDAQ:ENSG) Updates FY24 Earnings Guidance

The Ensign Group (NASDAQ:ENSG) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $5.38-5.50 for the period, compared to the consensus estimate of $5.40. The company issued revenue guidance of $4.20-4.22 billion, compared to the consensus revenue estimate of $4.16 billion. The Ensign Group also updated its FY 2024 guidance to 5.380-5.500 EPS.

Analyst Ratings Changes

ENSG has been the subject of a number of recent research reports. Oppenheimer boosted their price objective on shares of The Ensign Group from $130.00 to $135.00 and gave the stock an outperform rating in a report on Monday, May 6th. Macquarie started coverage on The Ensign Group in a research report on Friday, June 28th. They issued an outperform rating and a $134.00 price objective for the company. Truist Financial raised their target price on shares of The Ensign Group from $135.00 to $150.00 and gave the stock a hold rating in a report on Monday, July 15th. Finally, Stephens reiterated an overweight rating and issued a $135.00 price objective on shares of The Ensign Group in a research report on Tuesday, April 23rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, The Ensign Group has a consensus rating of Moderate Buy and a consensus price target of $132.83.

The Ensign Group Trading Up 4.9 %

ENSG stock traded up $6.63 during midday trading on Friday, reaching $142.80. 531,656 shares of the company traded hands, compared to its average volume of 297,591. The firm has a market capitalization of $8.13 billion, a price-to-earnings ratio of 37.34, a P/E/G ratio of 1.84 and a beta of 0.99. The Ensign Group has a 52-week low of $89.79 and a 52-week high of $143.86. The business has a 50 day moving average of $124.63 and a 200-day moving average of $121.41. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.53 and a current ratio of 1.53.

The Ensign Group (NASDAQ:ENSG) last issued its earnings results on Wednesday, May 1st. The company reported $1.19 EPS for the quarter, hitting analysts’ consensus estimates of $1.19. The Ensign Group had a net margin of 5.67% and a return on equity of 17.60%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. As a group, sell-side analysts expect that The Ensign Group will post 4.95 earnings per share for the current fiscal year.

The Ensign Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Sunday, June 30th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date is Friday, June 28th. The Ensign Group’s dividend payout ratio (DPR) is presently 6.32%.

Insider Activity

In other news, Director Daren Shaw sold 2,000 shares of The Ensign Group stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $118.26, for a total value of $236,520.00. Following the transaction, the director now directly owns 30,250 shares in the company, valued at approximately $3,577,365. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO Spencer Burton sold 3,099 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $136.19, for a total value of $422,052.81. Following the sale, the chief operating officer now owns 42,629 shares in the company, valued at $5,805,643.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daren Shaw sold 2,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $118.26, for a total transaction of $236,520.00. Following the sale, the director now owns 30,250 shares in the company, valued at approximately $3,577,365. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,968 shares of company stock worth $1,714,703. Corporate insiders own 3.90% of the company’s stock.

About The Ensign Group

The Ensign Group, Inc provides skilled nursing, senior living, and rehabilitative services. It operates through two segments: Skilled Services and Standard Bearer. The company's Skilled Services segment engages in the operation of skilled nursing facilities and rehabilitation therapy services for patients with chronic conditions, prolonged illness, and the elderly; and offers nursing facilities including specialty care, such as on-site dialysis, ventilator care, cardiac, and pulmonary management, as well as standard services comprising room and board, special nutritional programs, social services, recreational activities, entertainment, and other services.