The Ensign Group, Inc. (NASDAQ:ENSG) Forecasted to Post Q3 2023 Earnings of $1.06 Per Share

The Ensign Group, Inc. (NASDAQ:ENSG – Get Rating) – Equities researchers at Zacks Research lowered their Q3 2023 earnings per share estimates for shares of The Ensign Group in a research report issued on Wednesday, May 10th. Zacks Research analyst D. Chatterjee now forecasts that the company will earn $1.06 per share for the quarter, down from their prior estimate of $1.08. The consensus estimate for The Ensign Group’s current full-year earnings is $4.35 per share. Zacks Research also issued estimates for The Ensign Group’s Q4 2023 earnings at $1.16 EPS, Q3 2024 earnings at $1.25 EPS, Q4 2024 earnings at $1.24 EPS, FY2024 earnings at $4.65 EPS and Q1 2025 earnings at $1.27 EPS.

A number of other equities research analysts have also recently weighed in on ENSG. Truist Financial lifted their price objective on The Ensign Group from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Thursday, April 13th. Oppenheimer lifted their price objective on shares of The Ensign Group from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, February 3rd. Royal Bank of Canada increased their target price on shares of The Ensign Group from $102.00 to $108.00 in a report on Monday, May 1st. Finally, StockNews.com downgraded shares of The Ensign Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 29th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $107.80.

The Ensign Group Trading Down 0.7 %

NASDAQ ENSG opened at $91.88 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market capitalization of $5.14 billion, a P/E ratio of 22.36, a PEG ratio of 1.42 and a beta of 1.02. The firm’s 50-day moving average is $93.92 and its two-hundred day moving average is $93.19. The Ensign Group has a 12 month low of $70.29 and a 12 month high of $102.26.

The Ensign Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Friday, March 31st were given a dividend of $0.058 per share. The ex-dividend date was Thursday, March 30th. This represents a $0.23 annualized dividend and a dividend yield of 0.25%. The Ensign Group’s dividend payout ratio is currently 5.60%.

Insider Activity

In related news, CFO Suzanne D. Snapper sold 35,304 shares of the business’s stock in a transaction that occurred on Tuesday, April 11th. The stock was sold at an average price of $100.07, for a total transaction of $3,532,871.28. Following the completion of the sale, the chief financial officer now owns 221,884 shares in the company, valued at $22,203,931.88. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Suzanne D. Snapper sold 35,304 shares of the business’s stock in a transaction on Tuesday, April 11th. The shares were sold at an average price of $100.07, for a total value of $3,532,871.28. Following the completion of the sale, the chief financial officer now directly owns 221,884 shares of the company’s stock, valued at $22,203,931.88. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Suzanne D. Snapper sold 9,404 shares of the firm’s stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $100.00, for a total value of $940,400.00. Following the transaction, the chief financial officer now directly owns 221,884 shares in the company, valued at approximately $22,188,400. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 112,185 shares of company stock worth $11,029,881. 4.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On The Ensign Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ENSG. Fortis Capital Advisors LLC acquired a new position in shares of The Ensign Group in the 4th quarter valued at $26,000. Natixis purchased a new stake in shares of The Ensign Group in the fourth quarter valued at about $26,000. Altshuler Shaham Ltd acquired a new stake in shares of The Ensign Group during the third quarter worth about $25,000. Ellevest Inc. purchased a new position in shares of The Ensign Group during the first quarter worth about $30,000. Finally, Global Retirement Partners LLC increased its position in The Ensign Group by 581.3% in the 1st quarter. Global Retirement Partners LLC now owns 327 shares of the company’s stock valued at $31,000 after acquiring an additional 279 shares during the period. Hedge funds and other institutional investors own 88.80% of the company’s stock.

About The Ensign Group

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The Ensign Group, Inc engages in providing skilled nursing, senior living, and rehabilitative care services. It operates through the Skilled Services and Standard Bearer segments. The Skilled Services segments includes the operation of skilled nursing facilities and rehabilitation therapy services. The Standard Bearer segment refers to the leasing to skilled nursing and senior living operations.