The Ensign Group, Inc. Announces Quarterly Dividend of $0.06 (NASDAQ:ENSG)

Key Points

• The Ensign Group, Inc. announced a quarterly dividend of $0.06 per share, payable to investors on October 31st, with a modest annualized yield of 0.1%.
• The company's latest quarterly earnings report showed $1.59 EPS, exceeding analysts' expectations and an 18.5% increase in revenue year-over-year.
• The Ensign Group maintains a low payout ratio of 3.6%, indicating strong coverage of its dividend from earnings, with expected continued performance in FY 2025.

The Ensign Group, Inc. (NASDAQ:ENSG - Get Free Report) declared a quarterly dividend on Friday, September 19th, RTT News reports. Stockholders of record on Tuesday, September 30th will be given a dividend of 0.0625 per share on Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Tuesday, September 30th.

The Ensign Group has a payout ratio of 3.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect The Ensign Group to earn $6.17 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 4.1%.

The Ensign Group Price Performance

Shares of NASDAQ ENSG traded up $2.53 during midday trading on Monday, reaching $166.82. The company's stock had a trading volume of 238,933 shares, compared to its average volume of 423,712. The Ensign Group has a one year low of $118.73 and a one year high of $174.98. The company has a market cap of $9.63 billion, a price-to-earnings ratio of 30.28, a price-to-earnings-growth ratio of 1.89 and a beta of 0.93. The company has a 50 day moving average price of $160.10 and a 200 day moving average price of $146.19. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.07.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.05. The Ensign Group had a net margin of 6.99% and a return on equity of 16.92%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the business posted $1.32 earnings per share. The firm's quarterly revenue was up 18.5% compared to the same quarter last year. The Ensign Group has set its FY 2025 guidance at 6.340-6.460 EPS. On average, equities research analysts expect that The Ensign Group will post 5.59 EPS for the current year.

Analysts Set New Price Targets

ENSG has been the subject of several analyst reports. UBS Group upped their target price on The Ensign Group from $195.00 to $205.00 and gave the company a "buy" rating in a report on Tuesday, September 2nd. Stephens upped their price objective on shares of The Ensign Group from $165.00 to $170.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Finally, Truist Financial lifted their target price on shares of The Ensign Group from $155.00 to $165.00 and gave the stock a "hold" rating in a research report on Monday, July 28th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $172.67.

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.