The Ensign Group (NASDAQ:ENSG) Issues 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.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ENSG shares. Truist Financial raised 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. Royal Bank of Canada upped their price target on The Ensign Group from $133.00 to $167.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Macquarie initiated coverage on shares of 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. Finally, Oppenheimer boosted their price objective on shares of The Ensign Group from $165.00 to $168.00 and gave the company an “outperform” rating in a report on Friday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $152.80.

The Ensign Group Stock Up 2.7 %

Shares of NASDAQ:ENSG traded up $3.97 during trading on Friday, hitting $152.82. 500,733 shares of the company’s stock traded hands, compared to its average volume of 369,961. 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 company has a 50-day moving average price of $148.60 and a 200-day moving average price of $133.50. The Ensign Group has a 52 week low of $92.69 and a 52 week high of $155.68. The company has a market cap of $8.70 billion, a price-to-earnings ratio of 40.22, a price-to-earnings-growth ratio of 1.96 and a beta of 0.96.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings results 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 Ensign Group had a net margin of 5.68% and a return on equity of 17.32%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the company earned $1.08 earnings per share. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. As a group, research analysts forecast that The Ensign Group will post 4.99 EPS for the current fiscal year.

The Ensign Group Dividend Announcement

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

Insider Buying and Selling at The Ensign Group

In other news, Director Daren Shaw sold 2,000 shares of the firm’s 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 completion of the transaction, the director now directly owns 29,125 shares of the company’s stock, valued at $4,127,303.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Barry Port sold 3,500 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $145.00, for a total transaction of $507,500.00. Following the transaction, the chief executive officer now directly owns 53,716 shares in the company, valued at approximately $7,788,820. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daren Shaw sold 2,000 shares of the stock in a transaction 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 completion of the sale, the director now owns 29,125 shares of the company’s stock, valued at approximately $4,127,303.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,118 shares of company stock valued at $2,053,620 in the last 90 days. 3.90% of the stock is currently owned by company 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.