The Ensign Group (ENSG) to Release Quarterly Earnings on Thursday

The Ensign Group (NASDAQ:ENSG – Get Rating) is set to post its quarterly earnings results after the market closes on Thursday, April 28th. Analysts expect The Ensign Group to post earnings of $0.90 per share for the quarter. The Ensign Group has set its FY 2022 guidance at $4.010-$4.130 EPS.

The Ensign Group (NASDAQ:ENSG – Get Rating) last announced its earnings results on Wednesday, February 9th. The company reported $0.90 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.90. The Ensign Group had a net margin of 7.41% and a return on equity of 20.20%. The business had revenue of $693.14 million during the quarter, compared to analysts’ expectations of $698.67 million. During the same period in the prior year, the company earned $0.75 earnings per share. On average, analysts expect The Ensign Group to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

NASDAQ ENSG opened at $82.84 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.15. The Ensign Group has a 12 month low of $68.29 and a 12 month high of $94.25. The company’s 50 day moving average is $85.30 and its two-hundred day moving average is $80.60. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 1.52 and a beta of 0.99.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 29th. Shareholders of record on Thursday, March 31st will be issued a $0.055 dividend. The ex-dividend date of this dividend is Wednesday, March 30th. This represents a $0.22 dividend on an annualized basis and a yield of 0.27%. The Ensign Group’s dividend payout ratio is currently 6.43%.

Several brokerages have weighed in on ENSG. StockNews.com started coverage on The Ensign Group in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Truist Financial upped their price objective on shares of The Ensign Group from $90.00 to $98.00 in a research note on Thursday, April 7th.

In related news, Chairman Christopher R. Christensen sold 121,507 shares of the firm’s stock in a transaction dated Monday, April 4th. The stock was sold at an average price of $89.95, for a total transaction of $10,929,554.65. Following the completion of the sale, the chairman now directly owns 60,999 shares of the company’s stock, valued at approximately $5,486,860.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ann Scott Blouin sold 390 shares of the business’s stock in a transaction on Monday, March 21st. The shares were sold at an average price of $86.77, for a total value of $33,840.30. The disclosure for this sale can be found here. Insiders have sold a total of 130,547 shares of company stock worth $11,737,570 in the last ninety days. Corporate insiders own 6.20% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in The Ensign Group by 5.0% in the fourth quarter. BlackRock Inc. now owns 8,340,870 shares of the company’s stock valued at $700,300,000 after acquiring an additional 397,221 shares in the last quarter. Comerica Bank increased its position in The Ensign Group by 1.4% during the 4th quarter. Comerica Bank now owns 63,773 shares of the company’s stock worth $4,791,000 after purchasing an additional 895 shares during the period. Goldman Sachs Group Inc. boosted its holdings in The Ensign Group by 10.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 126,882 shares of the company’s stock worth $10,653,000 after buying an additional 11,590 shares in the last quarter. Deutsche Bank AG increased its stake in shares of The Ensign Group by 3.1% during the 4th quarter. Deutsche Bank AG now owns 37,003 shares of the company’s stock worth $3,107,000 after purchasing an additional 1,106 shares in the last quarter. Finally, California State Teachers Retirement System lifted its position in shares of The Ensign Group by 2.6% in the fourth quarter. California State Teachers Retirement System now owns 72,944 shares of the company’s stock valued at $6,124,000 after acquiring an additional 1,822 shares in the last quarter. 88.57% of the stock is currently owned by institutional investors and hedge funds.

About The Ensign Group (Get Rating)

The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses. The company operates in two segments, Skilled Services and Real Estate. The company offers skilled services, which include short and long-term nursing care services for patients with chronic conditions, prolonged illness, and the elderly; and physical, occupational, and speech therapies and other rehabilitative and healthcare services.

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