The Ensign Group (NASDAQ:ENSG) Issues FY24 Earnings Guidance

The Ensign Group (NASDAQ:ENSG) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $5.38-5.50 for the period, compared to the consensus estimate of $5.40. The company issued revenue guidance of $4.20-4.22 billion, compared to the consensus revenue estimate of $4.16 billion. The Ensign Group also updated its FY 2024 guidance to 5.380-5.500 EPS.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Stephens reissued an overweight rating and issued a $135.00 price objective on shares of The Ensign Group in a research note on Tuesday, April 23rd. Macquarie assumed coverage on The Ensign Group in a research note on Friday, June 28th. They issued an outperform rating and a $134.00 price objective for the company. Oppenheimer increased their price objective on The Ensign Group from $130.00 to $135.00 and gave the company an outperform rating in a research note on Monday, May 6th. Finally, Truist Financial increased their price objective on The Ensign Group from $135.00 to $150.00 and gave the company a hold rating in a research note on Monday, July 15th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, The Ensign Group presently has an average rating of Moderate Buy and an average price target of $132.83.

The Ensign Group Trading Up 4.9 %

Shares of ENSG traded up $6.63 during midday trading on Friday, reaching $142.80. The company had a trading volume of 531,656 shares, compared to its average volume of 475,578. The Ensign Group has a 1-year low of $89.79 and a 1-year high of $143.86. The stock has a market cap of $8.13 billion, a PE ratio of 37.58, a price-to-earnings-growth ratio of 1.92 and a beta of 0.99. The firm has a 50 day simple moving average of $125.09 and a 200-day simple moving average of $121.60. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.09.

The Ensign Group (NASDAQ:ENSG) last issued its earnings results on Thursday, July 25th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.02. The Ensign Group had a return on equity of 17.74% and a net margin of 5.68%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the company earned $1.08 EPS. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. Research analysts forecast that The Ensign Group will post 4.95 EPS 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. Stockholders of record on Sunday, June 30th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date of this dividend is Friday, June 28th. The Ensign Group’s dividend payout ratio is presently 6.32%.

Insider Transactions at The Ensign Group

In other news, COO Spencer Burton sold 3,099 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $136.19, for a total transaction of $422,052.81. Following the completion of the transaction, the chief operating officer now directly owns 42,629 shares in the company, valued at approximately $5,805,643.51. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Daren Shaw sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $118.26, for a total transaction of $236,520.00. Following the completion of the transaction, the director now directly owns 30,250 shares in the company, valued at approximately $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 3,099 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $136.19, for a total value of $422,052.81. Following the transaction, the chief operating officer now owns 42,629 shares of the company’s stock, valued at $5,805,643.51. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,968 shares of company stock worth $1,714,703. 3.90% of the stock is currently owned by company insiders.

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.