Several other research analysts have also recently commented on the company. ValuEngine cut The Ensign Group from a buy rating to a hold rating in a research report on Tuesday. Stifel Nicolaus increased their price target on The Ensign Group from $52.00 to $56.00 and gave the company a hold rating in a research report on Friday, August 2nd. Zacks Investment Research cut The Ensign Group from a strong-buy rating to a hold rating in a research report on Tuesday, April 9th. Finally, Oppenheimer increased their price target on The Ensign Group from $52.00 to $58.00 and gave the company an outperform rating in a research report on Wednesday, May 8th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The Ensign Group presently has an average rating of Hold and an average price target of $51.25.
ENSG stock opened at $50.77 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.85. The firm has a market capitalization of $2.87 billion, a PE ratio of 28.36, a P/E/G ratio of 1.71 and a beta of 0.85. The stock’s 50-day moving average price is $57.30. The Ensign Group has a fifty-two week low of $35.14 and a fifty-two week high of $63.00.
The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. The company had revenue of $575.65 million during the quarter, compared to analysts’ expectations of $574.24 million. The Ensign Group had a return on equity of 17.32% and a net margin of 4.74%. The Ensign Group’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 earnings per share. As a group, sell-side analysts anticipate that The Ensign Group will post 2.11 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Sunday, June 30th were given a dividend of $0.0475 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.19 annualized dividend and a yield of 0.37%. The Ensign Group’s dividend payout ratio (DPR) is presently 10.61%.
In related news, CFO Suzanne D. Snapper sold 2,982 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $53.17, for a total transaction of $158,552.94. Following the completion of the transaction, the chief financial officer now directly owns 223,216 shares of the company’s stock, valued at $11,868,394.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Beverly B. Wittekind sold 868 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $53.17, for a total value of $46,151.56. Following the transaction, the vice president now directly owns 54,462 shares of the company’s stock, valued at $2,895,744.54. The disclosure for this sale can be found here. Insiders have sold 6,479 shares of company stock valued at $358,200 over the last three months. Insiders own 6.70% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Huntington National Bank bought a new stake in The Ensign Group in the second quarter valued at approximately $27,000. Advisory Services Network LLC raised its stake in The Ensign Group by 86.4% in the fourth quarter. Advisory Services Network LLC now owns 727 shares of the company’s stock valued at $28,000 after buying an additional 337 shares during the period. FMR LLC raised its stake in The Ensign Group by 65.5% in the fourth quarter. FMR LLC now owns 768 shares of the company’s stock valued at $30,000 after buying an additional 304 shares during the period. Financial Gravity Wealth Inc. bought a new stake in The Ensign Group in the first quarter valued at approximately $53,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in The Ensign Group in the second quarter valued at approximately $64,000. Hedge funds and other institutional investors own 80.88% of the company’s stock.
About The Ensign Group
The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses. The company operates in three segments: Transitional and Skilled Services; Assisted and Independent Living Services; and Home Health and Hospice Services. The Transitional and Skilled Services segment offers a range of medical, nursing, rehabilitative, and pharmacy services, as well as routine services, such as daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.
Read More: What is Cost of Debt?
Receive News & Ratings for The Ensign Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Ensign Group and related companies with MarketBeat.com's FREE daily email newsletter.