The Ensign Group (NASDAQ:ENSG) Sets New 52-Week High - What's Next?

Key Points

• The Ensign Group's stock reached a new 52-week high at $175.13, closing at $175.06 with a trading volume of 22,945 shares.
• Analysts have increased their price targets for The Ensign Group, with UBS raising its target from $195 to $205, indicating strong confidence in the stock's performance.
• The company reported $1.59 EPS in its latest quarterly earnings, exceeding analysts' expectations, and has set its FY 2025 guidance at 6.340-6.460 EPS.

The Ensign Group, Inc. (NASDAQ:ENSG - Get Free Report)'s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $175.13 and last traded at $175.06, with a volume of 22945 shares changing hands. The stock had previously closed at $173.93.

Analyst Ratings Changes

Several research analysts have commented on ENSG shares. Stephens boosted their target price on The Ensign Group from $165.00 to $170.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. UBS Group lifted their target price on The Ensign Group from $195.00 to $205.00 and gave the stock a "buy" rating in a report on Tuesday, September 2nd. Weiss Ratings reiterated a "buy (b)" rating on shares of The Ensign Group in a report on Saturday, September 27th. Finally, Truist Financial boosted their price objective on The Ensign Group from $155.00 to $165.00 and gave the company a "hold" rating in a report on Monday, July 28th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $172.67.

The Ensign Group Price Performance

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 business has a 50-day moving average of $165.82 and a 200 day moving average of $148.62. The firm has a market capitalization of $10.11 billion, a PE ratio of 31.74, a price-to-earnings-growth ratio of 2.00 and a beta of 0.93.

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

The Ensign Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Tuesday, September 30th. The Ensign Group's dividend payout ratio is 4.54%.

Insiders Place Their Bets

In other The Ensign Group news, CFO Suzanne D. Snapper sold 8,379 shares of the business's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $148.21, for a total value of $1,241,851.59. Following the sale, the chief financial officer directly owned 269,692 shares in the company, valued at $39,971,051.32. The trade was a 3.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Barry M. Smith sold 700 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $172.06, for a total value of $120,442.00. Following the transaction, the director owned 27,052 shares of the company's stock, valued at $4,654,567.12. The trade was a 2.52% decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.90% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Financial Management Professionals Inc. purchased a new position in The Ensign Group during the second quarter valued at approximately $28,000. Rise Advisors LLC grew its position in shares of The Ensign Group by 114.0% during the 1st quarter. Rise Advisors LLC now owns 199 shares of the company's stock valued at $26,000 after purchasing an additional 106 shares in the last quarter. WPG Advisers LLC purchased a new position in The Ensign Group during the first quarter worth about $27,000. TCTC Holdings LLC grew its position in The Ensign Group by 116.7% during the first quarter. TCTC Holdings LLC now owns 208 shares of the company's stock worth $27,000 after buying an additional 112 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in The Ensign Group by 638.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 229 shares of the company's stock worth $35,000 after buying an additional 198 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.

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