The Ensign Group (NASDAQ:ENSG) Issues FY24 Earnings Guidance

The Ensign Group (NASDAQ:ENSG) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $5.38-5.50 for the period, compared to the consensus EPS estimate of $5.40. The company issued revenue guidance of $4.20-4.22 billion, compared to the consensus revenue estimate of $4.16 billion. The Ensign Group also updated its FY 2024 guidance to 5.380-5.500 EPS.

The Ensign Group Trading Up 4.9 %

NASDAQ:ENSG traded up $6.63 on Friday, hitting $142.80. 531,656 shares of the stock were exchanged, compared to its average volume of 475,578. The stock has a market cap of $8.13 billion, a PE ratio of 37.58, a PEG ratio of 1.92 and a beta of 0.99. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.09. The stock has a fifty day moving average of $125.09 and a 200-day moving average of $121.60. The Ensign Group has a fifty-two week low of $89.79 and a fifty-two week high of $143.86.

The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.30 by $0.02. The Ensign Group had a return on equity of 17.74% and a net margin of 5.68%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the firm posted $1.08 earnings per share. The firm’s revenue was up 12.5% on a year-over-year basis. As a group, equities analysts expect that The Ensign Group will post 4.95 earnings per share for the current fiscal year.

The Ensign Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Sunday, June 30th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.17%. The ex-dividend date is Friday, June 28th. The Ensign Group’s payout ratio is 6.32%.

Wall Street Analysts Forecast Growth

ENSG has been the subject of several analyst reports. Oppenheimer upped their target price on The Ensign Group from $130.00 to $135.00 and gave the stock an outperform rating in a research report on Monday, May 6th. Macquarie initiated coverage on The Ensign Group in a research report on Friday, June 28th. They issued an outperform rating and a $134.00 target price for the company. Truist Financial upped their target price on The Ensign Group from $135.00 to $150.00 and gave the stock a hold rating in a research report on Monday, July 15th. Finally, Stephens reaffirmed an overweight rating and issued a $135.00 target price on shares of The Ensign Group in a research report on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, The Ensign Group presently has a consensus rating of Moderate Buy and an average target price of $132.83.

Insider Activity at The Ensign Group

In related news, Director Ann Scott Blouin sold 350 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $116.47, for a total value of $40,764.50. Following the completion of the transaction, the director now owns 20,002 shares of the company’s stock, valued at $2,329,632.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other The Ensign Group news, COO Spencer Burton sold 3,099 shares of the company’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 transaction of $422,052.81. Following the sale, the chief operating officer now owns 42,629 shares in the company, valued at $5,805,643.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ann Scott Blouin sold 350 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $116.47, for a total value of $40,764.50. Following the sale, the director now owns 20,002 shares in the company, valued at approximately $2,329,632.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,968 shares of company stock valued at $1,714,703. Insiders own 3.90% of the company’s stock.

The Ensign Group Company Profile

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.