Zacks Research Comments on The Ensign Group, Inc.’s FY2024 Earnings (NASDAQ:ENSG)

The Ensign Group, Inc. (NASDAQ:ENSG) – Zacks Research raised their FY2024 EPS estimates for shares of The Ensign Group in a research report issued on Thursday, August 8th. Zacks Research analyst D. Chatterjee now forecasts that the company will post earnings of $4.96 per share for the year, up from their previous estimate of $4.93. The consensus estimate for The Ensign Group’s current full-year earnings is $4.95 per share. Zacks Research also issued estimates for The Ensign Group’s Q4 2024 earnings at $1.33 EPS, Q3 2025 earnings at $1.37 EPS, FY2025 earnings at $5.43 EPS, Q1 2026 earnings at $1.36 EPS and FY2026 earnings at $6.12 EPS.

The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.02. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. The Ensign Group had a net margin of 5.68% and a return on equity of 17.32%. The Ensign Group’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.08 earnings per share.

Several other research analysts have also commented on ENSG. Truist Financial lifted their price target on The Ensign Group from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Macquarie assumed coverage on shares of The Ensign Group in a report on Friday, June 28th. They issued an “outperform” rating and a $134.00 target price on the stock. Stephens reiterated an “overweight” rating and set a $135.00 price target on shares of The Ensign Group in a research note on Tuesday, April 23rd. Finally, Oppenheimer lifted their price objective on shares of The Ensign Group from $130.00 to $135.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, The Ensign Group currently has an average rating of “Moderate Buy” and a consensus target price of $134.50.

The Ensign Group Stock Up 1.4 %

The Ensign Group stock opened at $142.06 on Monday. The company has a market capitalization of $8.09 billion, a P/E ratio of 37.38, a PEG ratio of 1.88 and a beta of 0.99. 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 Ensign Group has a fifty-two week low of $90.00 and a fifty-two week high of $147.93. The stock has a 50-day simple moving average of $130.25 and a 200-day simple moving average of $123.80.

The Ensign Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Sunday, June 30th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.17%. The ex-dividend date was Friday, June 28th. The Ensign Group’s dividend payout ratio is presently 6.32%.

Insider Buying and Selling

In other The Ensign Group news, CEO Barry Port sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $140.00, for a total transaction of $420,000.00. Following the completion of the transaction, the chief executive officer now owns 53,716 shares in the company, valued at approximately $7,520,240. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, COO Spencer Burton sold 3,099 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $5,805,643.51. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Barry Port sold 3,000 shares of The Ensign Group stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $140.00, for a total value of $420,000.00. Following the completion of the sale, the chief executive officer now owns 53,716 shares in the company, valued at $7,520,240. The disclosure for this sale can be found here. Insiders sold a total of 13,618 shares of company stock valued at $1,857,419 over the last three months. 3.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ENSG. Norges Bank acquired a new position in shares of The Ensign Group during the 4th quarter worth $65,050,000. Vanguard Group Inc. grew its position in The Ensign Group by 4.9% during the fourth quarter. Vanguard Group Inc. now owns 6,621,886 shares of the company’s stock worth $743,042,000 after buying an additional 310,182 shares during the period. Capital Research Global Investors increased its holdings in The Ensign Group by 9.2% in the fourth quarter. Capital Research Global Investors now owns 2,620,360 shares of the company’s stock valued at $294,031,000 after buying an additional 221,838 shares in the last quarter. F M Investments LLC acquired a new stake in shares of The Ensign Group during the 2nd quarter valued at approximately $14,370,000. Finally, Axiom Investors LLC DE boosted its stake in shares of The Ensign Group by 142.8% during the 4th quarter. Axiom Investors LLC DE now owns 187,345 shares of the company’s stock worth $21,022,000 after acquiring an additional 110,177 shares in the last quarter. Hedge funds and other institutional investors own 96.12% of the company’s stock.

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.