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

The Ensign Group (NASDAQ:ENSG) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 5.380-5.500 for the period, compared to the consensus 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 Stock Performance

ENSG traded up $6.63 on Friday, hitting $142.80. The company had a trading volume of 531,656 shares, compared to its average volume of 297,591. The company’s fifty day moving average price is $124.63 and its 200 day moving average price is $121.41. The Ensign Group has a 1-year low of $89.79 and a 1-year high of $143.86. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.53 and a quick ratio of 1.53. The stock has a market cap of $8.13 billion, a price-to-earnings ratio of 37.34, a price-to-earnings-growth ratio of 1.84 and a beta of 0.99.

The Ensign Group (NASDAQ:ENSG) last posted its earnings results on Wednesday, May 1st. The company reported $1.19 earnings per share for the quarter, hitting the consensus estimate 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. Equities analysts predict that The Ensign Group will post 4.95 earnings per share for the current fiscal year.

The Ensign Group Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have commented on ENSG. Truist Financial lifted their price target 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. Oppenheimer lifted their price target 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. Stephens reaffirmed an overweight rating and issued a $135.00 price target on shares of The Ensign Group in a research report on Tuesday, April 23rd. Finally, Macquarie began coverage on The Ensign Group in a research report on Friday, June 28th. They issued an outperform rating and a $134.00 price target on the stock. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $132.83.

Insider Activity

In other news, COO Spencer Burton sold 7,519 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $135.04, for a total transaction of $1,015,365.76. Following the sale, the chief operating officer now directly owns 42,629 shares in the company, valued at $5,756,620.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other The Ensign Group news, Director Daren Shaw sold 2,000 shares of the company’s stock in a transaction 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 sale, the director now directly owns 30,250 shares in the company, valued at $3,577,365. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Spencer Burton sold 7,519 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $135.04, for a total value of $1,015,365.76. Following the completion of the sale, the chief operating officer now owns 42,629 shares in the company, valued at $5,756,620.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,968 shares of company stock worth $1,714,703. Company 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.