The Ensign Group Inc. (ENSG) Lowered to “Sell” at Zacks Investment Research
According to Zacks, “The Ensign Group was formed for the express purpose of meeting the challenges of the long-term care industry in the 21st Century. Led by the country’s finest caregivers, with an aggressive team of industry and business veterans backing them up, Ensign is elevating quality of care to superior levels, and doing it one facility at a time. “
ENSG has been the topic of several other research reports. SunTrust Banks Inc. reduced their price target on shares of The Ensign Group from $27.00 to $24.00 and set a buy rating on the stock in a research note on Thursday, August 4th. Cantor Fitzgerald reaffirmed a buy rating and issued a $22.00 price target on shares of The Ensign Group in a research note on Wednesday, August 3rd. Finally, TheStreet raised shares of The Ensign Group from a hold rating to a buy rating in a research note on Tuesday, August 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The Ensign Group currently has a consensus rating of Hold and a consensus price target of $25.00.
The Ensign Group (NASDAQ:ENSG) opened at 22.22 on Tuesday. The stock has a 50 day moving average of $19.96 and a 200 day moving average of $20.18. The Ensign Group has a 52 week low of $17.60 and a 52 week high of $24.84. The company has a market cap of $1.13 billion, a P/E ratio of 25.81 and a beta of 0.92.
The Ensign Group (NASDAQ:ENSG) last released its earnings results on Wednesday, November 2nd. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by $0.02. The firm earned $428.07 million during the quarter, compared to the consensus estimate of $427.01 million. The Ensign Group had a return on equity of 15.43% and a net margin of 2.84%. The Ensign Group’s revenue was up 21.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. On average, analysts expect that The Ensign Group will post $1.36 earnings per share for the current year.
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The business also recently announced a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Friday, September 30th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Wednesday, September 28th. The Ensign Group’s dividend payout ratio (DPR) is presently 18.39%.
Hedge funds have recently added to or reduced their stakes in the company. AGF Investments Inc. boosted its stake in The Ensign Group by 2.0% in the second quarter. AGF Investments Inc. now owns 273,057 shares of the company’s stock worth $5,735,000 after buying an additional 5,377 shares during the period. BNP Paribas Arbitrage SA boosted its stake in The Ensign Group by 63.7% in the second quarter. BNP Paribas Arbitrage SA now owns 18,042 shares of the company’s stock worth $379,000 after buying an additional 7,019 shares during the period. First Trust Advisors LP boosted its stake in The Ensign Group by 56.1% in the second quarter. First Trust Advisors LP now owns 59,140 shares of the company’s stock worth $1,243,000 after buying an additional 21,261 shares during the period. Rice Hall James & Associates LLC bought a new stake in The Ensign Group during the second quarter worth approximately $10,187,000. Finally, Mesirow Financial Investment Management Equity Management bought a new stake in The Ensign Group during the second quarter worth approximately $16,147,000. Institutional investors own 87.07% of the company’s stock.
About The Ensign Group
The Ensign Group, Inc is a holding company. The Company, through its subsidiaries, provides healthcare services across the post-acute care continuum, as well as urgent care centers and mobile ancillary businesses. Its segments include transitional, skilled and assisted living services (TSA services); home health and hospice services, and all other.
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