The Ensign Group, Inc. (NASDAQ:ENSG) Expected to Announce Quarterly Sales of $572.08 Million

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Equities research analysts expect The Ensign Group, Inc. (NASDAQ:ENSG) to announce sales of $572.08 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for The Ensign Group’s earnings, with estimates ranging from $566.25 million to $578.70 million. The Ensign Group reported sales of $505.46 million during the same quarter last year, which indicates a positive year over year growth rate of 13.2%. The firm is expected to report its next quarterly earnings results on Thursday, August 1st.

According to Zacks, analysts expect that The Ensign Group will report full-year sales of $2.33 billion for the current financial year, with estimates ranging from $2.29 billion to $2.35 billion. For the next year, analysts expect that the business will post sales of $2.54 billion, with estimates ranging from $2.46 billion to $2.58 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow The Ensign Group.

The Ensign Group (NASDAQ:ENSG) last announced its earnings results on Monday, May 6th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. The company had revenue of $549.21 million during the quarter, compared to the consensus estimate of $545.09 million. The Ensign Group had a return on equity of 17.23% and a net margin of 4.59%. The company’s revenue was up 11.6% on a year-over-year basis. During the same period last year, the firm earned $0.45 earnings per share.

ENSG has been the subject of several recent analyst reports. BidaskClub upgraded The Ensign Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 20th. ValuEngine downgraded The Ensign Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 3rd. Zacks Investment Research downgraded The Ensign Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Finally, Oppenheimer raised their target price on The Ensign Group from $52.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $44.17.

Shares of The Ensign Group stock opened at $55.00 on Thursday. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market cap of $2.92 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 1.74 and a beta of 0.85. The Ensign Group has a 1-year low of $34.69 and a 1-year high of $58.14.

In related news, CFO Suzanne D. Snapper sold 2,982 shares of The Ensign Group stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $53.17, for a total value of $158,552.94. Following the completion of the transaction, the chief financial officer now directly owns 223,216 shares in the company, valued at $11,868,394.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Beverly B. Wittekind sold 868 shares of The Ensign Group stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $53.17, for a total value of $46,151.56. Following the completion of the transaction, the vice president now owns 54,462 shares of the company’s stock, valued at $2,895,744.54. The disclosure for this sale can be found here. Insiders sold 4,547 shares of company stock valued at $242,252 over the last quarter. Insiders own 6.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of ENSG. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in The Ensign Group by 61.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,747 shares of the company’s stock worth $145,000 after acquiring an additional 1,427 shares during the last quarter. Rhumbline Advisers lifted its holdings in The Ensign Group by 21.7% in the fourth quarter. Rhumbline Advisers now owns 142,090 shares of the company’s stock worth $5,512,000 after acquiring an additional 25,382 shares during the last quarter. SG Americas Securities LLC lifted its holdings in The Ensign Group by 208.1% in the fourth quarter. SG Americas Securities LLC now owns 11,170 shares of the company’s stock worth $433,000 after acquiring an additional 7,544 shares during the last quarter. LS Investment Advisors LLC lifted its holdings in The Ensign Group by 35.6% in the fourth quarter. LS Investment Advisors LLC now owns 5,563 shares of the company’s stock worth $216,000 after acquiring an additional 1,461 shares during the last quarter. Finally, Chicago Equity Partners LLC bought a new position in The Ensign Group in the fourth quarter worth about $1,972,000. 81.09% of the stock is currently owned by hedge funds and other institutional investors.

The Ensign Group Company Profile

The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses. The company operates in three segments: Transitional and Skilled Services; Assisted and Independent Living Services; and Home Health and Hospice Services. The Transitional and Skilled Services segment offers a range of medical, nursing, rehabilitative, and pharmacy services, as well as routine services, such as daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.

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Earnings History and Estimates for The Ensign Group (NASDAQ:ENSG)

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