The Ensign Group, Inc. (NASDAQ:ENSG) Expected to Post Q1 2023 Earnings of $1.02 Per Share

The Ensign Group, Inc. (NASDAQ:ENSGGet Rating) – Analysts at Oppenheimer issued their Q1 2023 EPS estimates for The Ensign Group in a note issued to investors on Thursday, November 10th. Oppenheimer analyst M. Wiederhorn anticipates that the company will post earnings of $1.02 per share for the quarter. The consensus estimate for The Ensign Group’s current full-year earnings is $3.84 per share. Oppenheimer also issued estimates for The Ensign Group’s Q2 2023 earnings at $1.07 EPS, Q3 2023 earnings at $1.10 EPS and Q4 2023 earnings at $1.12 EPS.

Other research analysts have also issued reports about the company. StockNews.com raised The Ensign Group from a “hold” rating to a “buy” rating in a report on Saturday, November 5th. Royal Bank of Canada increased their price target on shares of The Ensign Group from $95.00 to $102.00 and gave the stock an “outperform” rating in a report on Tuesday, November 1st. Stephens lifted their price objective on shares of The Ensign Group from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Friday, October 28th. Stifel Nicolaus upped their price objective on shares of The Ensign Group from $100.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, September 15th. Finally, Truist Financial raised their target price on shares of The Ensign Group from $85.00 to $95.00 in a report on Wednesday, August 3rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $101.60.

The Ensign Group Price Performance

NASDAQ ENSG opened at $92.32 on Monday. The stock’s fifty day moving average price is $85.97 and its 200 day moving average price is $81.92. The Ensign Group has a 1 year low of $70.29 and a 1 year high of $95.14. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 24.62, a PEG ratio of 1.65 and a beta of 1.00.

Institutional Investors Weigh In On The Ensign Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Wasatch Advisors Inc. lifted its holdings in The Ensign Group by 4.7% during the first quarter. Wasatch Advisors Inc. now owns 6,409,214 shares of the company’s stock valued at $576,893,000 after purchasing an additional 288,585 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in The Ensign Group by 10.4% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,568,628 shares of the company’s stock valued at $231,202,000 after buying an additional 241,244 shares in the last quarter. Eagle Asset Management Inc. boosted its holdings in The Ensign Group by 85.3% in the 2nd quarter. Eagle Asset Management Inc. now owns 398,287 shares of the company’s stock worth $29,262,000 after buying an additional 183,353 shares during the last quarter. Redwood Investments LLC purchased a new stake in The Ensign Group during the 3rd quarter worth approximately $10,032,000. Finally, Loomis Sayles & Co. L P raised its holdings in shares of The Ensign Group by 33.9% during the first quarter. Loomis Sayles & Co. L P now owns 493,750 shares of the company’s stock valued at $44,443,000 after acquiring an additional 125,134 shares during the last quarter. Institutional investors and hedge funds own 88.82% of the company’s stock.

Insider Transactions at The Ensign Group

In related news, VP Beverly B. Wittekind sold 1,014 shares of the business’s stock in a transaction on Friday, October 14th. The shares were sold at an average price of $86.06, for a total value of $87,264.84. Following the completion of the transaction, the vice president now directly owns 45,566 shares in the company, valued at approximately $3,921,409.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other The Ensign Group news, VP Beverly B. Wittekind sold 2,500 shares of the stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $92.00, for a total transaction of $230,000.00. Following the transaction, the vice president now owns 40,566 shares in the company, valued at $3,732,072. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Beverly B. Wittekind sold 1,014 shares of the business’s stock in a transaction that occurred on Friday, October 14th. The shares were sold at an average price of $86.06, for a total value of $87,264.84. Following the completion of the sale, the vice president now owns 45,566 shares of the company’s stock, valued at $3,921,409.96. The disclosure for this sale can be found here. Insiders have sold 22,518 shares of company stock valued at $2,015,155 in the last 90 days. 4.70% of the stock is currently owned by company insiders.

The Ensign Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Friday, September 30th were given a $0.055 dividend. The ex-dividend date of this dividend was Thursday, September 29th. This represents a $0.22 annualized dividend and a yield of 0.24%. The Ensign Group’s dividend payout ratio is presently 5.87%.

About The Ensign Group

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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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Earnings History and Estimates for The Ensign Group (NASDAQ:ENSG)

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