The Ensign Group, Inc. to Issue Quarterly Dividend of $0.07 (NASDAQ:ENSG)

Key Points

• The Ensign Group declared a quarterly dividend of $0.065 per share, payable October 31 to shareholders of record September 30. The company has increased its dividend for 18 consecutive years, and its payout ratio remains low at 3.7%.
• Ensign’s latest quarterly results exceeded expectations, with earnings of $1.92 per share versus the $1.80 consensus estimate and revenue of $1.44 billion, up 16.7% year over year.
• The stock traded at $173.91, giving the company a market capitalization of approximately $10.14 billion. Institutional investors own 96.12% of the shares, while an insider recently sold 392 shares under a pre-arranged trading plan.

The Ensign Group, Inc. (NASDAQ:ENSG - Get Free Report) declared a quarterly dividend on Friday, September 18th. Shareholders of record on Wednesday, September 30th will be given a dividend of 0.065 per share on Saturday, October 31st. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, September 30th.

The Ensign Group has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 18 consecutive years. The Ensign Group has a dividend payout ratio of 3.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect The Ensign Group to earn $7.51 per share next year, which means the company should continue to be able to cover its $0.26 annual dividend with an expected future payout ratio of 3.5%.

The Ensign Group Stock Performance

NASDAQ:ENSG traded down $1.01 during mid-day trading on Friday, reaching $173.91. 688,463 shares of the company's stock were exchanged, compared to its average volume of 528,046. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.21 and a current ratio of 1.21. The Ensign Group has a one year low of $141.58 and a one year high of $218.00. The business's fifty day simple moving average is $175.73 and its two-hundred day simple moving average is $180.31. The firm has a market capitalization of $10.14 billion, a PE ratio of 27.26, a price-to-earnings-growth ratio of 1.69 and a beta of 0.69.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.12. The business had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.44 billion. The Ensign Group had a return on equity of 16.75% and a net margin of 6.90%.The firm's revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.59 earnings per share. The Ensign Group has set its FY 2026 guidance at 7.750-7.850 EPS. Analysts anticipate that The Ensign Group will post 7.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director John Agwunobi sold 392 shares of The Ensign Group stock in a transaction on Monday, July 20th. The shares were sold at an average price of $171.06, for a total value of $67,055.52. Following the completion of the sale, the director owned 9,503 shares in the company, valued at $1,625,583.18. The trade was a 3.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.00% of the company's stock.

Hedge Funds Weigh In On The Ensign Group

A number of large investors have recently modified their holdings of the company. Tidal Investments LLC lifted its position in The Ensign Group by 42.0% in the 2nd quarter. Tidal Investments LLC now owns 3,660 shares of the company's stock valued at $587,000 after acquiring an additional 1,083 shares in the last quarter. WINTON GROUP Ltd bought a new position in shares of The Ensign Group in the second quarter valued at approximately $596,000. Engineers Gate Manager LP grew its holdings in shares of The Ensign Group by 618.7% in the second quarter. Engineers Gate Manager LP now owns 31,847 shares of the company's stock valued at $5,105,000 after acquiring an additional 27,416 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in shares of The Ensign Group by 33.4% during the second quarter. Integrated Wealth Concepts LLC now owns 1,738 shares of the company's stock valued at $279,000 after acquiring an additional 435 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its holdings in The Ensign Group by 2,093.3% during the second quarter. Squarepoint Ops LLC now owns 60,885 shares of the company's stock worth $9,760,000 after acquiring an additional 58,109 shares during the period. 96.12% of the stock is currently owned by institutional investors.

About The Ensign Group

The Ensign Group, Inc NASDAQ: ENSG is a healthcare services company that provides post-acute and senior care through a network of independently operated subsidiaries. Its businesses primarily focus on skilled nursing, rehabilitation and transitional care for patients recovering from illness, injury or surgery, as well as long-term care for seniors and individuals with complex medical needs.

The company also operates or supports assisted living, independent living, memory care, home health and hospice services in selected markets.

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