Brokerages Anticipate The Ensign Group, Inc. (NASDAQ:ENSG) to Post $0.60 EPS

Wall Street brokerages forecast that The Ensign Group, Inc. (NASDAQ:ENSG) will report earnings per share of $0.60 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for The Ensign Group’s earnings. The highest EPS estimate is $0.63 and the lowest is $0.57. The Ensign Group posted earnings per share of $0.55 in the same quarter last year, which would indicate a positive year over year growth rate of 9.1%. The company is scheduled to report its next quarterly earnings report on Monday, May 4th.

According to Zacks, analysts expect that The Ensign Group will report full-year earnings of $2.47 per share for the current financial year, with EPS estimates ranging from $2.26 to $2.55. For the next financial year, analysts forecast that the business will post earnings of $2.75 per share, with EPS estimates ranging from $2.65 to $2.81. Zacks’ EPS calculations are an average based on a survey of research firms that follow The Ensign Group.

The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.05. The firm had revenue of $560.19 million for the quarter, compared to analysts’ expectations of $550.48 million. During the same period in the previous year, the company earned $0.54 EPS. The company’s quarterly revenue was up 21.1% on a year-over-year basis.

A number of research analysts have commented on ENSG shares. Citigroup upped their price target on The Ensign Group from $53.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Royal Bank of Canada set a $50.00 price objective on The Ensign Group and gave the stock a “buy” rating in a research report on Friday, November 1st. Stephens set a $47.00 target price on The Ensign Group and gave the company a “hold” rating in a research note on Friday, November 1st. BidaskClub upgraded The Ensign Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 6th. Finally, Stifel Nicolaus raised The Ensign Group from a “hold” rating to a “buy” rating and dropped their price target for the stock from $56.00 to $51.00 in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $53.14.

In related news, Director John G. Nackel sold 1,000 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $46.25, for a total value of $46,250.00. Following the sale, the director now directly owns 73,982 shares of the company’s stock, valued at $3,421,667.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John G. Nackel sold 3,000 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $50.70, for a total value of $152,100.00. Following the completion of the transaction, the director now owns 72,982 shares of the company’s stock, valued at approximately $3,700,187.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,138 shares of company stock valued at $250,118. 6.70% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the company. Cresset Asset Management LLC lifted its position in The Ensign Group by 5.2% during the 4th quarter. Cresset Asset Management LLC now owns 6,400 shares of the company’s stock valued at $291,000 after acquiring an additional 316 shares during the period. Texas Permanent School Fund increased its stake in shares of The Ensign Group by 1.0% during the third quarter. Texas Permanent School Fund now owns 34,156 shares of the company’s stock valued at $1,620,000 after purchasing an additional 337 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of The Ensign Group by 2.3% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 15,360 shares of the company’s stock valued at $697,000 after purchasing an additional 350 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of The Ensign Group by 3.7% during the fourth quarter. Amalgamated Bank now owns 9,742 shares of the company’s stock valued at $442,000 after purchasing an additional 350 shares during the last quarter. Finally, Mason Street Advisors LLC lifted its holdings in shares of The Ensign Group by 2.4% during the third quarter. Mason Street Advisors LLC now owns 17,040 shares of the company’s stock valued at $808,000 after purchasing an additional 406 shares during the last quarter. Hedge funds and other institutional investors own 81.13% of the company’s stock.

Shares of NASDAQ ENSG traded down $0.98 during trading hours on Friday, hitting $52.10. The company’s stock had a trading volume of 181,774 shares. The Ensign Group has a 12 month low of $38.65 and a 12 month high of $63.00. The business has a 50-day simple moving average of $47.27 and a 200-day simple moving average of $46.24.

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.20 annualized dividend and a dividend yield of 0.38%. This is a boost from The Ensign Group’s previous quarterly dividend of $0.05. The Ensign Group’s payout ratio is currently 9.57%.

The Ensign Group Company Profile

The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses. The company operates in three segments: Transitional and Skilled Services; Assisted and Independent Living Services; and Home Health and Hospice Services. The Transitional and Skilled Services segment offers a range of medical, nursing, rehabilitative, and pharmacy services, as well as routine services, such as daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.

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