The Ensign Group, Inc. provides health care services in the post-acute care continuum and other ancillary businesses. The company operates in two segments, Skilled Services and Real Estate. The company offers skilled services, which include short and long-term nursing care services for patients with chronic conditions, prolonged illness, and the elderly; and physical, occupational, and speech therapies and other rehabilitative and healthcare services. It also provides standard services, such as room and board, special nutritional programs, social, recreational, entertainment, and other services. In addition, the company offers senior living, as well as mobile diagnostics services; leases real estate properties; and provides other ancillary services consisting of digital x-ray, ultrasound, electrocardiogram, laboratory, sub-acute, and patient transportation services to people in their homes or at long-term care facilities. As of April 4, 2022, it operated 252 healthcare facilities in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, South Carolina, Texas, Utah, Washington, and Wisconsin. The company was incorporated in 1999 and is based in San Juan Capistrano, California.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the stock. Royal Bank of Canada reduced their price target on shares of The Ensign Group from $101.00 to $95.00 and set an "outperform" rating for the company in a report on Wednesday, August 3rd. Truist Financial boosted their target price on The Ensign Group from $85.00 to $95.00 in a research report on Wednesday, August 3rd.
The Ensign Group Stock Performance
NASDAQ:ENSG opened at $87.84 on Monday. The company has a market cap of $4.86 billion, a P/E ratio of 24.47, a PEG ratio of 1.53 and a beta of 1.03. The company has a fifty day simple moving average of $77.54 and a 200 day simple moving average of $80.44. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.13. The Ensign Group has a 12-month low of $68.29 and a 12-month high of $94.25.
The Ensign Group (NASDAQ:ENSG - Get Rating) last issued its quarterly earnings data on Monday, August 1st. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.01. The Ensign Group had a net margin of 7.27% and a return on equity of 19.51%. The firm had revenue of $732.49 million during the quarter, compared to analysts' expectations of $729.44 million. During the same period last year, the company earned $0.83 earnings per share. The business's revenue was up 14.7% on a year-over-year basis. Sell-side analysts predict that The Ensign Group will post 3.84 earnings per share for the current fiscal year.
The Ensign Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Thursday, June 30th were paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend was Wednesday, June 29th. The Ensign Group's dividend payout ratio (DPR) is presently 6.13%.
Insider Activity
In related news, CFO Suzanne D. Snapper sold 5,883 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $85.16, for a total value of $500,996.28. Following the completion of the sale, the chief financial officer now directly owns 208,810 shares of the company's stock, valued at approximately $17,782,259.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.70% of the company's stock.