The Ensign Group, Inc. (NASDAQ:ENSG) Expected to Announce Quarterly Sales of $649.03 Million

Equities analysts predict that The Ensign Group, Inc. (NASDAQ:ENSG) will post sales of $649.03 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for The Ensign Group’s earnings. The highest sales estimate is $653.90 million and the lowest is $644.40 million. The Ensign Group posted sales of $584.70 million in the same quarter last year, which suggests a positive year-over-year growth rate of 11%. The firm is scheduled to announce its next earnings results on Wednesday, August 4th.

According to Zacks, analysts expect that The Ensign Group will report full year sales of $2.64 billion for the current year, with estimates ranging from $2.63 billion to $2.67 billion. For the next year, analysts anticipate that the company will post sales of $2.87 billion, with estimates ranging from $2.85 billion to $2.89 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for The Ensign Group.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings results on Thursday, April 29th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.08. The Ensign Group had a return on equity of 21.34% and a net margin of 7.33%. The firm had revenue of $627.25 million during the quarter, compared to the consensus estimate of $633.25 million.

Several brokerages have issued reports on ENSG. Truist Financial upped their price objective on The Ensign Group from $90.00 to $98.00 in a research note on Wednesday, April 14th. Truist Securities upped their price objective on The Ensign Group from $90.00 to $98.00 and gave the company a “hold” rating in a research note on Wednesday, April 14th. Royal Bank of Canada upped their price objective on The Ensign Group from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, May 3rd. Finally, Stifel Nicolaus began coverage on The Ensign Group in a research note on Tuesday, June 22nd. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $83.14.

Shares of NASDAQ:ENSG traded down $1.56 during trading on Friday, hitting $84.81. The company’s stock had a trading volume of 122,500 shares, compared to its average volume of 273,976. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.13. The Ensign Group has a fifty-two week low of $44.47 and a fifty-two week high of $98.66. The firm’s 50-day simple moving average is $85.10. The stock has a market capitalization of $4.66 billion, a P/E ratio of 27.16, a PEG ratio of 1.72 and a beta of 1.01.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, July 31st. Investors of record on Wednesday, June 30th will be issued a $0.0525 dividend. This represents a $0.21 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend is Tuesday, June 29th. The Ensign Group’s dividend payout ratio (DPR) is 7.14%.

In other The Ensign Group news, Director Lee A. Daniels sold 983 shares of the stock in a transaction on Monday, June 21st. The stock was sold at an average price of $83.72, for a total transaction of $82,296.76. Following the completion of the transaction, the director now directly owns 44,987 shares of the company’s stock, valued at approximately $3,766,311.64. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Daren Shaw sold 500 shares of the stock in a transaction on Monday, July 19th. The shares were sold at an average price of $86.37, for a total value of $43,185.00. Following the transaction, the director now directly owns 46,111 shares of the company’s stock, valued at $3,982,607.07. The disclosure for this sale can be found here. Insiders sold a total of 3,966 shares of company stock valued at $338,026 over the last three months. Corporate insiders own 6.20% of the company’s stock.

Several large investors have recently made changes to their positions in ENSG. Crewe Advisors LLC lifted its position in shares of The Ensign Group by 539.6% during the 1st quarter. Crewe Advisors LLC now owns 1,231,264 shares of the company’s stock valued at $115,542,000 after acquiring an additional 1,038,760 shares during the last quarter. Norges Bank purchased a new stake in shares of The Ensign Group in the fourth quarter valued at $41,740,000. Riverbridge Partners LLC lifted its holdings in shares of The Ensign Group by 44.7% in the first quarter. Riverbridge Partners LLC now owns 1,362,163 shares of the company’s stock valued at $127,825,000 after purchasing an additional 420,751 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of The Ensign Group by 3.0% in the first quarter. BlackRock Inc. now owns 8,097,495 shares of the company’s stock valued at $759,868,000 after purchasing an additional 235,086 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of The Ensign Group by 81.5% in the fourth quarter. Morgan Stanley now owns 253,389 shares of the company’s stock valued at $18,477,000 after purchasing an additional 113,777 shares in the last quarter. Institutional investors own 86.78% of the company’s stock.

About The Ensign Group

The Ensign Group, Inc engages in the provision of healthcare services, as well as urgent care centers and mobile ancillary businesses. It operates through the following business segments: Transitional and Skilled Services, Senior Living Services, and Home Health and Hospice Services. The Transitional and Skilled Services segment involves in providing patients with medical, nursing, rehabilitative, pharmacy, and routine services, including daily dietary, social, and recreational services.

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