Analysts expect that The Ensign Group, Inc. (NASDAQ:ENSG) will announce sales of $464.49 million for the current quarter, Zacks reports. Three analysts have provided estimates for The Ensign Group’s earnings, with estimates ranging from $456.66 million to $479.20 million. The Ensign Group reported sales of $433.05 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.3%. The company is scheduled to report its next earnings report on Wednesday, February 14th.
According to Zacks, analysts expect that The Ensign Group will report full-year sales of $464.49 million for the current fiscal year, with estimates ranging from $1.77 billion to $1.84 billion. For the next year, analysts anticipate that the firm will post sales of $1.96 billion per share, with estimates ranging from $1.87 billion to $2.04 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for The Ensign Group.
A number of brokerages have commented on ENSG. Royal Bank Of Canada reiterated a “buy” rating and issued a $21.00 price target on shares of The Ensign Group in a research note on Tuesday, November 7th. Cantor Fitzgerald increased their price target on shares of The Ensign Group from $23.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, November 9th. ValuEngine cut shares of The Ensign Group from a “buy” rating to a “hold” rating in a research note on Tuesday. BidaskClub cut shares of The Ensign Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, TheStreet upgraded shares of The Ensign Group from a “c+” rating to a “b” rating in a research note on Monday, August 7th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The Ensign Group currently has a consensus rating of “Hold” and a consensus target price of $23.00.
Shares of The Ensign Group (NASDAQ:ENSG) traded up $0.17 on Tuesday, reaching $23.37. 101,300 shares of the company traded hands, compared to its average volume of 230,316. The firm has a market capitalization of $1,187.16, a PE ratio of 19.66 and a beta of 0.84. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.53. The Ensign Group has a fifty-two week low of $16.50 and a fifty-two week high of $23.96.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Saturday, September 30th were paid a $0.043 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Thursday, September 28th. The Ensign Group’s dividend payout ratio is currently 18.89%.
In other news, Director Antoinette T. Hubenette sold 2,500 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $20.95, for a total value of $52,375.00. Following the transaction, the director now directly owns 24,626 shares of the company’s stock, valued at $515,914.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 3,566 shares of company stock worth $75,957 over the last three months. Insiders own 6.20% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of ENSG. Riverhead Capital Management LLC raised its position in shares of The Ensign Group by 86.6% in the second quarter. Riverhead Capital Management LLC now owns 4,664 shares of the company’s stock valued at $102,000 after purchasing an additional 2,164 shares during the period. SG Americas Securities LLC bought a new position in shares of The Ensign Group in the third quarter valued at about $104,000. UBS Group AG raised its position in shares of The Ensign Group by 93.9% in the first quarter. UBS Group AG now owns 6,986 shares of the company’s stock valued at $131,000 after purchasing an additional 3,383 shares during the period. Pinebridge Investments L.P. raised its position in shares of The Ensign Group by 0.6% in the second quarter. Pinebridge Investments L.P. now owns 6,280 shares of the company’s stock valued at $137,000 after purchasing an additional 38 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of The Ensign Group by 17.6% in the second quarter. Victory Capital Management Inc. now owns 7,156 shares of the company’s stock valued at $156,000 after purchasing an additional 1,072 shares during the period. 84.94% of the stock is currently owned by institutional investors.
The Ensign Group Company Profile
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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