The Ensign Group (ENSG) – Investment Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of The Ensign Group (NASDAQ: ENSG) in the last few weeks:

  • 6/20/2017 – The Ensign Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “The Ensign Group operates in the booming post-acute care industry that holds untapped opportunities. In addition, the company’s consistently rising revenues on the back of robust inorganic growth is impressive. Its strong underwriting results have been mainly backed by its solid fundamentals. The Zacks Consensus Estimate for the to-be-reported quarter is pegged at $0.32 reflecting 6.7% year over year growth. However, the company is exposed to headwinds like rising expenses, heavy debt burden and regulatory uncertainty. Stringent regulations faced by the non-U.S operations of the company also raise concerns. Well reflective of these headwinds, the shares of Ensign Group has lost 6.1% year to date, compared to the 13.5% gain witnessed by the Zacks categorized Nursing Homes industry.”
  • 6/17/2017 – The Ensign Group was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 6/10/2017 – The Ensign Group was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/6/2017 – The Ensign Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “The Ensign Group operates in the booming post-acute care industry that holds untapped opportunities. In addition, the company’s consistently rising revenues on the back of robust inorganic growth is impressive. Its strong underwriting results have been mainly backed by its solid fundamentals. However, the company is exposed to headwinds like rising expenses, heavy debt burden and regulatory uncertainty created by the surprise victory of Donald Trump. Stringent regulations faced by the non-U.S operations of the company also raise concerns. Well reflective of these headwinds, the shares of Ensign Group has lost 14.6% year to date, much wider than the 2% loss incurred by the  Zacks categorized Nursing Homes industry. Even the Zacks Consensus Earnings estimate has remained flat for 2017 and revised downward for 2018, over past sixty days.”
  • 5/25/2017 – The Ensign Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “The shares of Ensign Group has lost 6% over last one year, much narrower than the 18% loss incurred by the  Zacks categorized Nursing Homes industry. The company operates in the booming post-acute care industry that holds untapped opportunities. In addition, the company’s consistently rising revenues on the back of robust inorganic growth is impressive. Its strong underwriting results have been mainly backed by its solid fundamentals. Its operating earnings of $0.31 per share came, in line with the Zacks Consensus Estimate, but were down 3.1% year over year. The company is exposed to headwinds like rising expenses, heavy debt burden and regulatory uncertainty created by the surprise victory of Donald Trump. Stringent regulations faced by the non-U.S operations of the company also raise concerns.”
  • 4/28/2017 – The Ensign Group was downgraded by analysts at Wells Fargo & Co from a “market perform” rating to an “underperform” rating.

The Ensign Group, Inc. (NASDAQ:ENSG) traded up 0.53% during trading on Tuesday, hitting $21.00. 95,978 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $19.39 and a 200 day moving average price of $19.66. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 25.33 and a beta of 0.91. The Ensign Group, Inc. has a 52-week low of $16.50 and a 52-week high of $23.18.

The Ensign Group (NASDAQ:ENSG) last announced its earnings results on Monday, May 1st. The company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The Ensign Group had a net margin of 2.55% and a return on equity of 13.51%. The business had revenue of $441.74 million for the quarter, compared to the consensus estimate of $435.72 million. On average, equities research analysts predict that The Ensign Group, Inc. will post $1.49 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, June 30th will be paid a $0.0425 dividend. This represents a $0.17 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Wednesday, June 28th. The Ensign Group’s dividend payout ratio is currently 20.48%.

In other news, Director John G. Nackel bought 3,462 shares of The Ensign Group stock in a transaction dated Friday, April 28th. The shares were acquired at an average price of $17.55 per share, with a total value of $60,758.10. Following the completion of the purchase, the director now owns 96,732 shares in the company, valued at approximately $1,697,646.60. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 6.20% of the company’s stock.

The Ensign Group, Inc, through its operating subsidiaries, provides healthcare services across the post-acute care continuum, as well as other ancillary businesses located in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, Oregon, South Carolina, Texas, Utah, Washington and Wisconsin.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ENSG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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