The Ensign Group (NASDAQ:ENSG) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

The Ensign Group (NASDAQ:ENSG - Get Free Report) announced its earnings results on Thursday. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.01, Briefing.com reports. The Ensign Group had a return on equity of 17.32% and a net margin of 5.68%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the firm earned $1.10 EPS. The Ensign Group's revenue for the quarter was up 15.0% compared to the same quarter last year. The Ensign Group updated its FY 2024 guidance to 5.460-5.520 EPS.

The Ensign Group Stock Up 2.7 %

ENSG traded up $3.97 during trading on Friday, reaching $152.82. 500,733 shares of the stock were exchanged, compared to its average volume of 920,589. The stock has a market cap of $8.70 billion, a P/E ratio of 40.22, a price-to-earnings-growth ratio of 1.99 and a beta of 0.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.53 and a current ratio of 1.53. The stock's 50 day moving average price is $148.60 and its two-hundred day moving average price is $133.71. The Ensign Group has a twelve month low of $92.69 and a twelve month high of $155.68.

The Ensign Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.24 annualized dividend and a dividend yield of 0.16%. The Ensign Group's dividend payout ratio is presently 6.32%.

Analyst Ratings Changes

A number of analysts have recently issued reports on ENSG shares. Truist Financial lifted their price objective on shares of The Ensign Group from $150.00 to $160.00 and gave the company a "hold" rating in a report on Wednesday, July 31st. Oppenheimer boosted their price target on shares of The Ensign Group from $165.00 to $168.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, Royal Bank of Canada increased their price objective on shares of The Ensign Group from $133.00 to $167.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $152.80.

Insider Activity

In other news, CEO Barry Port sold 3,000 shares of the company's stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $140.00, for a total value of $420,000.00. Following the sale, the chief executive officer now directly owns 53,716 shares of the company's stock, valued at approximately $7,520,240. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Barry Port sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $140.00, for a total transaction of $420,000.00. Following the transaction, the chief executive officer now directly owns 53,716 shares of the company's stock, valued at approximately $7,520,240. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daren Shaw sold 2,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $141.71, for a total value of $283,420.00. Following the completion of the sale, the director now owns 29,125 shares in the company, valued at approximately $4,127,303.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,118 shares of company stock valued at $2,053,620 in the last quarter. 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.