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

The Ensign Group (NASDAQ:ENSG) issued an update on its FY24 earnings guidance on Thursday morning. 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 Stock Down 0.3 %

Shares of NASDAQ:ENSG traded down $0.43 during midday trading on Thursday, hitting $136.17. 609,858 shares of the company’s stock were exchanged, compared to its average volume of 295,940. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.53 and a quick ratio of 1.53. The stock has a 50 day moving average price of $124.29 and a 200-day moving average price of $121.31. The company has a market cap of $7.75 billion, a PE ratio of 36.62, a price-to-earnings-growth ratio of 1.83 and a beta of 0.99. The Ensign Group has a 12 month low of $89.79 and a 12 month high of $142.01.

The Ensign Group (NASDAQ:ENSG) last announced its earnings results on Wednesday, May 1st. The company reported $1.19 EPS for the quarter, meeting the consensus estimate of $1.19. The Ensign Group had a net margin of 5.67% and a return on equity of 17.60%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. On average, sell-side analysts anticipate that The Ensign Group will post 4.95 EPS for the current fiscal year.

The Ensign Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Sunday, June 30th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.24 annualized dividend and a yield of 0.18%. The Ensign Group’s payout ratio is currently 6.32%.

Wall Street Analyst Weigh In

ENSG has been the topic of a number of analyst reports. Truist Financial boosted their target price on shares of The Ensign Group from $135.00 to $150.00 and gave the company a hold rating in a report on Monday, July 15th. Macquarie started coverage on shares of The Ensign Group in a research report on Friday, June 28th. They set an outperform rating and a $134.00 price objective on the stock. Stephens reaffirmed an overweight rating and issued a $135.00 price target on shares of The Ensign Group in a research report on Tuesday, April 23rd. Finally, Oppenheimer lifted their target price on The Ensign Group from $130.00 to $135.00 and gave the company an outperform rating in a research report on Monday, May 6th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $132.83.

Insider Activity

In related news, COO Spencer Burton sold 3,099 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $5,805,643.51. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, COO Spencer Burton sold 3,099 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $136.19, for a total transaction of $422,052.81. Following the sale, the chief operating officer now owns 42,629 shares in the company, valued at $5,805,643.51. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Daren Shaw sold 2,000 shares of the 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 sale, the director now directly owns 30,250 shares in the company, valued at $3,577,365. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,968 shares of company stock valued at $1,714,703. Company insiders own 3.90% of the company’s stock.

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.