The Ensign Group (NASDAQ:ENSG) Issues FY 2024 Earnings Guidance

The Ensign Group (NASDAQ:ENSG) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 5.380-5.500 for the period, compared to the consensus EPS estimate of 5.400. The company issued revenue guidance of $4.2 billion-$4.2 billion, compared to the consensus revenue estimate of $4.2 billion. The Ensign Group also updated its FY24 guidance to $5.38-5.50 EPS.

The Ensign Group Trading Down 0.3 %

Shares of NASDAQ:ENSG traded down $0.43 during midday trading on Thursday, reaching $136.17. The company had a trading volume of 609,861 shares, compared to its average volume of 295,940. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.53 and a current ratio of 1.53. The Ensign Group has a 1-year low of $89.79 and a 1-year high of $142.01. The firm has a market cap of $7.75 billion, a price-to-earnings ratio of 36.62, a price-to-earnings-growth ratio of 1.83 and a beta of 0.99. The company has a fifty day simple moving average of $124.29 and a two-hundred day simple moving average of $121.31.

The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $1.19 EPS for the quarter, hitting analysts’ consensus estimates of $1.19. The Ensign Group had a return on equity of 17.60% and a net margin of 5.67%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. Research analysts predict that The Ensign Group will post 4.95 earnings per share for the current year.

The Ensign Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Sunday, June 30th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.18%. The Ensign Group’s payout ratio is presently 6.32%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ENSG. Stephens reaffirmed an overweight rating and set a $135.00 price target on shares of The Ensign Group in a research note on Tuesday, April 23rd. Macquarie began coverage on The Ensign Group in a research note on Friday, June 28th. They set an outperform rating and a $134.00 price target for the company. Truist Financial raised their price target on The Ensign Group from $135.00 to $150.00 and gave the stock a hold rating in a research note on Monday, July 15th. Finally, Oppenheimer raised their price target on The Ensign Group from $130.00 to $135.00 and gave the stock an outperform rating in a research note on Monday, May 6th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $132.83.

Insider Activity at The Ensign Group

In related news, COO Spencer Burton sold 3,099 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $136.19, for a total value of $422,052.81. Following the transaction, the chief operating officer now directly owns 42,629 shares of the company’s stock, valued at approximately $5,805,643.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Daren Shaw sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $118.26, for a total value of $236,520.00. Following the transaction, the director now directly owns 30,250 shares of the company’s stock, valued at approximately $3,577,365. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Spencer Burton sold 3,099 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $136.19, for a total value of $422,052.81. Following the completion of the transaction, the chief operating officer now directly owns 42,629 shares in the company, valued at $5,805,643.51. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,968 shares of company stock valued at $1,714,703. Corporate insiders own 3.90% of the company’s stock.

About The Ensign Group

The Ensign Group, Inc provides skilled nursing, senior living, and rehabilitative services. It operates through two segments: Skilled Services and Standard Bearer. The company's Skilled Services segment engages in the operation of skilled nursing facilities and rehabilitation therapy services for patients with chronic conditions, prolonged illness, and the elderly; and offers nursing facilities including specialty care, such as on-site dialysis, ventilator care, cardiac, and pulmonary management, as well as standard services comprising room and board, special nutritional programs, social services, recreational activities, entertainment, and other services.