The Ensign Group (ENSG) Projected to Post Quarterly Earnings on Thursday

The Ensign Group (NASDAQ:ENSG) is expected to announce its earnings results before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $1.47 per share and revenue of $1.13 billion for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

The Ensign Group Stock Performance

NASDAQ:ENSG opened at $142.42 on Tuesday. The stock has a 50-day simple moving average of $138.24 and a two-hundred day simple moving average of $143.74. The Ensign Group has a 52-week low of $113.27 and a 52-week high of $158.45. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market capitalization of $8.16 billion, a PE ratio of 34.48, a P/E/G ratio of 1.66 and a beta of 0.94.

The Ensign Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.18%. The ex-dividend date was Tuesday, December 31st. This is a positive change from The Ensign Group’s previous quarterly dividend of $0.06. The Ensign Group’s payout ratio is currently 6.05%.

Insider Buying and Selling at The Ensign Group

In other news, Director Barry M. Smith sold 700 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $133.43, for a total value of $93,401.00. Following the sale, the director now directly owns 30,852 shares in the company, valued at approximately $4,116,582.36. This represents a 2.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ENSG shares. UBS Group began coverage on The Ensign Group in a report on Thursday, November 21st. They set a “buy” rating and a $175.00 price target for the company. Truist Financial dropped their price objective on The Ensign Group from $170.00 to $155.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Oppenheimer upped their price objective on The Ensign Group from $165.00 to $168.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Stephens boosted their target price on The Ensign Group from $163.00 to $167.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. Finally, Royal Bank of Canada boosted their target price on The Ensign Group from $167.00 to $172.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $161.83.

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.