The Ensign Group (NASDAQ:ENSG) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

The Ensign Group (NASDAQ:ENSGGet Rating) announced its quarterly earnings data on Thursday. The company reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.02, MarketWatch Earnings reports. The Ensign Group had a net margin of 7.41% and a return on equity of 20.20%. The business had revenue of $713.45 million for the quarter, compared to analyst estimates of $704.36 million. During the same period in the prior year, the business posted $0.81 earnings per share. The Ensign Group’s revenue was up 13.7% compared to the same quarter last year. The Ensign Group updated its FY22 guidance to $4.01-4.13 EPS.

Shares of ENSG stock traded down $1.64 during trading hours on Friday, hitting $80.33. 332,638 shares of the company were exchanged, compared to its average volume of 331,905. The business has a 50 day moving average of $85.39 and a two-hundred day moving average of $80.67. 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 52 week low of $68.29 and a 52 week high of $94.25. The company has a market capitalization of $4.44 billion, a PE ratio of 23.28, a PEG ratio of 1.42 and a beta of 0.99.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 29th. Stockholders of record on Thursday, March 31st were given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend was Wednesday, March 30th. The Ensign Group’s dividend payout ratio is 6.38%.

In related news, VP Beverly B. Wittekind sold 4,325 shares of the firm’s stock in a transaction on Thursday, March 31st. The shares were sold at an average price of $91.00, for a total value of $393,575.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann Scott Blouin sold 390 shares of the firm’s stock in a transaction on Monday, March 21st. The shares were sold at an average price of $86.77, for a total transaction of $33,840.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 130,547 shares of company stock valued at $11,737,570. 6.20% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in ENSG. Marshall Wace LLP acquired a new stake in The Ensign Group in the fourth quarter valued at $38,000. NEXT Financial Group Inc lifted its stake in The Ensign Group by 18.5% in the fourth quarter. NEXT Financial Group Inc now owns 3,002 shares of the company’s stock valued at $252,000 after acquiring an additional 469 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its stake in The Ensign Group by 6.3% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 5,819 shares of the company’s stock valued at $489,000 after acquiring an additional 345 shares during the last quarter. LPL Financial LLC lifted its stake in The Ensign Group by 25.7% in the third quarter. LPL Financial LLC now owns 6,625 shares of the company’s stock valued at $496,000 after acquiring an additional 1,354 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in The Ensign Group by 3.1% in the fourth quarter. Deutsche Bank AG now owns 37,003 shares of the company’s stock valued at $3,107,000 after acquiring an additional 1,106 shares during the last quarter. 88.57% of the stock is owned by institutional investors and hedge funds.

ENSG has been the subject of several recent analyst reports. Truist Financial upped their target price on shares of The Ensign Group from $90.00 to $98.00 in a research note on Thursday, April 7th. StockNews.com initiated coverage on shares of The Ensign Group in a research note on Thursday, March 31st. They issued a “buy” rating for the company.

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.

See Also

Earnings History for The Ensign Group (NASDAQ:ENSG)

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