The Ensign Group, Inc. (ENSG) To Go Ex-Dividend on September 30th

The Ensign Group, Inc. (NASDAQ:ENSG) announced a quarterly dividend on Friday, September 13th, Zacks reports. Investors of record on Monday, September 30th will be given a dividend of 0.06 per share on Thursday, October 31st. This represents a $0.24 annualized dividend and a yield of 0.17%. The ex-dividend date of this dividend is Monday, September 30th.

The Ensign Group has raised its dividend by an average of 4.7% per year over the last three years and has raised its dividend every year for the last 17 years. The Ensign Group has a dividend payout ratio of 4.0% meaning its dividend is sufficiently covered by earnings. Analysts expect The Ensign Group to earn $5.54 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 4.3%.

The Ensign Group Stock Performance

ENSG opened at $144.11 on Friday. The Ensign Group has a 1-year low of $90.00 and a 1-year high of $154.93. The company has a market cap of $8.20 billion, a price-to-earnings ratio of 37.92, a PEG ratio of 2.03 and a beta of 0.96. The company’s fifty day moving average price is $145.73 and its two-hundred day moving average price is $130.09. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.09.

The Ensign Group (NASDAQ:ENSG) last posted its earnings results on Thursday, July 25th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.02. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. The Ensign Group had a net margin of 5.68% and a return on equity of 17.32%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.08 EPS. On average, analysts expect that The Ensign Group will post 4.99 EPS for the current fiscal year.

Insider Transactions at The Ensign Group

In other The Ensign Group news, CEO Barry Port sold 5,618 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.00, for a total value of $842,700.00. Following the transaction, the chief executive officer now directly owns 53,716 shares in the company, valued at $8,057,400. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other The Ensign Group news, CEO Barry Port sold 5,618 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.00, for a total value of $842,700.00. Following the completion of the sale, the chief executive officer now directly owns 53,716 shares of the company’s stock, valued at $8,057,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daren Shaw sold 2,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $141.71, for a total value of $283,420.00. Following the completion of the sale, the director now owns 29,125 shares in the company, valued at $4,127,303.75. The disclosure for this sale can be found here. Insiders have sold 24,736 shares of company stock worth $3,491,039 in the last ninety days. Company insiders own 3.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Oppenheimer raised their price objective on The Ensign Group from $155.00 to $165.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Macquarie assumed coverage on shares of The Ensign Group in a research report on Friday, June 28th. They set an “outperform” rating and a $134.00 price target on the stock. Finally, Truist Financial upped their price objective on shares of The Ensign Group from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $139.50.

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.