A number of other equities analysts also recently weighed in on the stock. Oppenheimer set a $64.00 price target on shares of The Ensign Group and gave the stock a buy rating in a research note on Thursday, September 26th. ValuEngine downgraded shares of The Ensign Group from a sell rating to a strong sell rating in a research note on Thursday, October 3rd. Zacks Investment Research raised shares of The Ensign Group from a hold rating to a buy rating and set a $52.00 target price on the stock in a research note on Tuesday, September 24th. Finally, Stifel Nicolaus raised their target price on shares of The Ensign Group from $52.00 to $56.00 and gave the company a hold rating in a research note on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $55.50.
NASDAQ:ENSG opened at $39.90 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 company has a market cap of $2.09 billion, a P/E ratio of 22.29, a P/E/G ratio of 1.24 and a beta of 0.90. The Ensign Group has a fifty-two week low of $35.93 and a fifty-two week high of $63.00. The firm’s 50 day moving average is $47.15 and its two-hundred day moving average is $52.36.
The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.01. The company had revenue of $575.65 million for the quarter, compared to the consensus estimate of $574.24 million. The Ensign Group had a net margin of 4.74% and a return on equity of 17.32%. The Ensign Group’s revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 earnings per share. Research analysts forecast that The Ensign Group will post 2.11 earnings per share for the current fiscal year.
The firm also recently announced a — dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be paid a $0.0475 dividend. This represents a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, September 27th. The Ensign Group’s dividend payout ratio is presently 38.55%.
In other news, insider Spencer Burton sold 1,000 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $60.00, for a total value of $60,000.00. Following the transaction, the insider now owns 19,351 shares of the company’s stock, valued at approximately $1,161,060. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders sold 2,612 shares of company stock worth $149,118. Insiders own 6.70% of the company’s stock.
Several hedge funds have recently modified their holdings of ENSG. Huntington National Bank purchased a new position in shares of The Ensign Group in the 2nd quarter valued at $27,000. Tower Research Capital LLC TRC purchased a new stake in The Ensign Group during the 2nd quarter worth $46,000. Point72 Asset Management L.P. purchased a new stake in The Ensign Group during the 2nd quarter worth $57,000. Krane Funds Advisors LLC purchased a new stake in The Ensign Group during the 2nd quarter worth $58,000. Finally, Advisory Services Network LLC increased its stake in The Ensign Group by 59.8% during the 1st quarter. Advisory Services Network LLC now owns 1,162 shares of the company’s stock worth $60,000 after buying an additional 435 shares during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.
The Ensign Group Company Profile
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 the Rule of 72?
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.