The Ensign Group (ENSG) Expected to Announce Earnings on Thursday

The Ensign Group (NASDAQ:ENSG - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $1.48 per share and revenue of $1.13 billion for the quarter.

The Ensign Group Price Performance

Shares of NASDAQ ENSG traded up $1.68 on Thursday, hitting $142.26. The company's stock had a trading volume of 25,191 shares, compared to its average volume of 347,946. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.56 and a quick ratio of 1.56. The Ensign Group has a 12-month low of $110.71 and a 12-month high of $158.45. The company has a market capitalization of $8.15 billion, a price-to-earnings ratio of 34.47, a price-to-earnings-growth ratio of 1.63 and a beta of 0.93. The stock has a 50 day moving average of $138.52 and a 200-day moving average of $143.61.

The Ensign Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.18%. This is a boost from The Ensign Group's previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, December 31st. The Ensign Group's payout ratio is 6.05%.

Insider Activity

In related news, Director Barry M. Smith sold 700 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $133.43, for a total value of $93,401.00. Following the completion of the transaction, the director now owns 30,852 shares in the company, valued at $4,116,582.36. This represents a 2.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.90% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on ENSG. Stephens upped their price objective on shares of The Ensign Group from $163.00 to $167.00 and gave the company an "overweight" rating in a research note on Monday, October 28th. 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 report on Monday, October 28th. UBS Group began coverage on The Ensign Group in a research report on Thursday, November 21st. They issued a "buy" rating and a $175.00 price objective on the stock. Oppenheimer upped their target price on shares of The Ensign Group from $165.00 to $168.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Finally, Truist Financial dropped their price objective on The Ensign Group from $170.00 to $155.00 and set a "hold" rating on the stock in a report on Monday, January 6th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, The Ensign Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $161.83.

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.