The Ensign Group (NASDAQ:ENSG) Updates FY 2024 Earnings Guidance

The Ensign Group (NASDAQ:ENSG) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 5.460-5.520 for the period, compared to the consensus earnings per share estimate of 5.460. The company issued revenue guidance of $4.3 billion-$4.3 billion, compared to the consensus revenue estimate of $4.2 billion.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ENSG. Truist Financial increased their price target on shares of The Ensign Group from $150.00 to $160.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Royal Bank of Canada increased their price target on shares of The Ensign Group from $133.00 to $167.00 and gave the company an “outperform” rating in a report on Monday. Macquarie began coverage on shares of The Ensign Group in a report on Friday, June 28th. They issued an “outperform” rating and a $134.00 price target for the company. Finally, Oppenheimer raised their price objective on shares of The Ensign Group from $155.00 to $165.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, The Ensign Group currently has a consensus rating of “Moderate Buy” and an average price target of $152.20.

The Ensign Group Trading Down 0.8 %

Shares of NASDAQ:ENSG traded down $1.13 during trading hours on Thursday, hitting $148.85. 758,813 shares of the company’s stock traded hands, compared to its average volume of 369,327. The Ensign Group has a 1 year low of $92.69 and a 1 year high of $154.93. The business has a fifty day moving average price of $148.22 and a 200-day moving average price of $133.16. The firm has a market capitalization of $8.47 billion, a P/E ratio of 39.47, a price-to-earnings-growth ratio of 1.96 and a beta of 0.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.53 and a quick ratio of 1.53.

The Ensign Group (NASDAQ:ENSG) last announced its earnings results on Thursday, July 25th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.02. The Ensign Group had a return on equity of 17.32% and a net margin of 5.68%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the business earned $1.08 earnings per share. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. Equities analysts expect that The Ensign Group will post 4.99 earnings per share for the current year.

The Ensign Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be issued a $0.06 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.16%. The Ensign Group’s payout ratio is 6.32%.

Insider Activity at The Ensign Group

In related news, CEO Barry Port sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $140.00, for a total value of $420,000.00. Following the completion of the sale, the chief executive officer now owns 53,716 shares in the company, valued at approximately $7,520,240. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other The Ensign Group news, Director Daren Shaw sold 2,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $141.71, for a total transaction of $283,420.00. Following the completion of the sale, the director now owns 29,125 shares in the company, valued at $4,127,303.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Barry Port sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $140.00, for a total value of $420,000.00. Following the sale, the chief executive officer now owns 53,716 shares of the company’s stock, valued at approximately $7,520,240. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,118 shares of company stock worth $2,053,620. Company insiders own 3.90% of the company’s stock.

The Ensign Group Company Profile

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.