The Ensign Group (ENSG) Set to Announce Earnings on Thursday

by · The Cerbat Gem

The Ensign Group (NASDAQ:ENSG – Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Thursday, October 24th. Analysts expect The Ensign Group to post earnings of $1.26 per share for the quarter. The Ensign Group has set its FY24 guidance at $5.38-5.50 EPS and its FY 2024 guidance at 5.380-5.500 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

The Ensign Group (NASDAQ:ENSG – Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the business posted $1.08 EPS. The company’s revenue was up 12.5% on a year-over-year basis. On average, analysts expect The Ensign Group to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

The Ensign Group Stock Up 0.7 %

Shares of ENSG opened at $148.79 on Wednesday. The company has a market capitalization of $8.47 billion, a price-to-earnings ratio of 39.16, a PEG ratio of 1.96 and a beta of 0.96. The Ensign Group has a 52 week low of $92.69 and a 52 week high of $154.93. The stock’s 50-day moving average price is $148.03 and its 200-day moving average price is $133.04. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.09.

The Ensign Group Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ENSG shares. Oppenheimer lifted their target price on shares of The Ensign Group from $155.00 to $165.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Royal Bank of Canada lifted their price objective 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 The Ensign Group in a research report on Friday, June 28th. They set an “outperform” rating and a $134.00 target price on the stock. Finally, Truist Financial upped their price target on The Ensign Group from $150.00 to $160.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. One equities 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $152.20.

Check Out Our Latest Analysis on The Ensign Group

Insiders Place Their Bets

In other news, Director Daren Shaw sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were 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 of the company’s stock, valued at $4,127,303.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Barry Port sold 3,500 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $145.00, for a total value of $507,500.00. Following the completion of the transaction, the chief executive officer now directly owns 53,716 shares of the company’s stock, valued at approximately $7,788,820. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daren Shaw sold 2,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $141.71, for a total value of $283,420.00. Following the completion of the transaction, the director now owns 29,125 shares in the company, valued at $4,127,303.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, 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

(Get Free Report)

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.

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