The Ensign Group (NASDAQ:ENSG) Releases Earnings Results, Beats Estimates By $0.01 EPS

The Ensign Group (NASDAQ:ENSG) issued its earnings results on Thursday. The company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01, Briefing.com reports. The Ensign Group had a return on equity of 17.32% and a net margin of 5.68%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the business earned $1.10 EPS. The Ensign Group’s quarterly revenue was up 15.0% compared to the same quarter last year. The Ensign Group updated its FY 2024 guidance to 5.460-5.520 EPS.

The Ensign Group Stock Performance

ENSG traded up $3.97 during trading hours on Friday, hitting $152.82. The stock had a trading volume of 500,733 shares, compared to its average volume of 920,589. The company’s fifty day simple moving average is $148.60 and its 200 day simple moving average is $133.71. The Ensign Group has a 1 year low of $92.69 and a 1 year high of $155.68. The stock has a market cap of $8.70 billion, a PE ratio of 40.22, a price-to-earnings-growth ratio of 1.99 and a beta of 0.96. 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 company also recently disclosed 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. This represents a $0.24 annualized dividend and a yield of 0.16%. The ex-dividend date of this dividend is Monday, September 30th. The Ensign Group’s dividend payout ratio (DPR) is currently 6.32%.

Insider Buying and Selling

In other The Ensign Group news, Director Daren Shaw sold 2,000 shares of The Ensign Group stock in a transaction dated 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 transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other The Ensign Group news, Director Daren Shaw sold 2,000 shares of The Ensign Group stock in a transaction dated 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 transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Barry Port sold 3,500 shares of The Ensign Group stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $145.00, for a total value of $507,500.00. Following the transaction, the chief executive officer now directly owns 53,716 shares of the company’s stock, valued at $7,788,820. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,118 shares of company stock valued at $2,053,620. 3.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Oppenheimer raised their price objective on The Ensign Group from $165.00 to $168.00 and gave the company an “outperform” rating in a research note on Friday. Royal Bank of Canada raised their price objective on The Ensign Group from $133.00 to $167.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Finally, Truist Financial lifted their target price on The Ensign Group from $150.00 to $160.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $152.80.

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.