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

The Ensign Group (NASDAQ:ENSG) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 5.460-5.520 for the period, compared to the consensus earnings per share estimate of 5.460. The company issued revenue guidance of $4.3 billion-$4.3 billion, compared to the consensus revenue estimate of $4.2 billion.

The Ensign Group Stock Up 2.7 %

Shares of ENSG traded up $3.97 during trading on Friday, reaching $152.82. The company’s stock had a trading volume of 500,690 shares, compared to its average volume of 369,961. The Ensign Group has a twelve month low of $92.69 and a twelve month high of $155.68. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.09. The company has a market cap of $8.70 billion, a price-to-earnings ratio of 40.77, a P/E/G ratio of 1.96 and a beta of 0.96. The company has a fifty day moving average of $148.37 and a two-hundred day moving average of $133.27.

The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings data on Thursday, July 25th. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.02. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. The Ensign Group had a return on equity of 17.32% and a net margin of 5.68%. The Ensign Group’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.08 earnings per share. On average, sell-side analysts predict that The Ensign Group will post 4.99 EPS for the current fiscal year.

The Ensign Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend is Monday, September 30th. The Ensign Group’s dividend payout ratio is presently 6.32%.

Analyst Upgrades and Downgrades

Several research analysts have commented on ENSG shares. Royal Bank of Canada upped their target price on shares of The Ensign Group from $133.00 to $167.00 and gave the stock an “outperform” rating in a research report on Monday. Oppenheimer raised their target price on The Ensign Group from $165.00 to $168.00 and gave the company an “outperform” rating in a research report on Friday. Truist Financial boosted their price target on The Ensign Group from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Finally, Macquarie initiated coverage on The Ensign Group in a report on Friday, June 28th. They set an “outperform” rating and a $134.00 price target on the stock. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $152.80.

Insider Buying and Selling

In other news, CEO Barry Port sold 5,618 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.00, for a total transaction of $842,700.00. Following the completion of the sale, the chief executive officer now owns 53,716 shares in the company, valued at approximately $8,057,400. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other The Ensign Group news, Director Daren Shaw sold 2,000 shares of The Ensign Group stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $141.71, for a total transaction of $283,420.00. Following the transaction, the director now directly owns 29,125 shares in the company, valued at approximately $4,127,303.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Barry Port sold 5,618 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.00, for a total transaction of $842,700.00. Following the sale, the chief executive officer now directly owns 53,716 shares in the company, valued at approximately $8,057,400. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,118 shares of company stock worth $2,053,620 in the last ninety days. 3.90% of the stock is currently owned by corporate insiders.

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.