The Ensign Group (ENSG) Projected to Post Earnings on Thursday

The Ensign Group (NASDAQ:ENSG) will likely be issuing its quarterly earnings data before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $1.48 per share and revenue of $1.13 billion for the quarter.

The Ensign Group Stock Performance

Shares of ENSG stock opened at $140.58 on Thursday. The firm has a market capitalization of $8.06 billion, a PE ratio of 34.04, a P/E/G ratio of 1.63 and a beta of 0.93. The company has a 50 day moving average price of $138.52 and a 200-day moving average price of $143.61. The Ensign Group has a 52 week low of $110.71 and a 52 week high of $158.45. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.08.

The Ensign Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date is Tuesday, December 31st. This is an increase from The Ensign Group’s previous quarterly dividend of $0.06. The Ensign Group’s payout ratio is 6.05%.

Insider Transactions at The Ensign Group

In related news, Director Barry M. Smith sold 700 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $133.43, for a total transaction of $93,401.00. Following the completion of the sale, the director now owns 30,852 shares in the company, valued at approximately $4,116,582.36. This trade represents a 2.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.90% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on ENSG shares. UBS Group initiated coverage on The Ensign Group in a report on Thursday, November 21st. They issued a “buy” rating and a $175.00 price objective for the company. Oppenheimer increased their price objective on shares of The Ensign Group from $165.00 to $168.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Truist Financial cut their target price on shares of The Ensign Group from $170.00 to $155.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Royal Bank of Canada increased their price target on shares of The Ensign Group from $167.00 to $172.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Finally, Stephens boosted their price objective on shares of The Ensign Group from $163.00 to $167.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, The Ensign Group has a consensus rating of “Moderate Buy” and an average target price of $161.83.

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.