The Ensign Group (ENSG) Posts Quarterly Earnings Results, Meets Estimates
The Ensign Group (NASDAQ:ENSG) issued its quarterly earnings data on Thursday. The company reported $0.40 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40, Bloomberg Earnings reports. The business had revenue of $487.70 million during the quarter, compared to the consensus estimate of $457.91 million. The Ensign Group had a return on equity of 13.15% and a net margin of 2.65%. The business’s revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 earnings per share. The Ensign Group updated its FY17 guidance to $1.80-1.87 EPS.
Shares of The Ensign Group (NASDAQ ENSG) opened at $25.41 on Friday. The firm has a market capitalization of $1,213.50, a P/E ratio of 28.23 and a beta of 0.81. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.53. The Ensign Group has a 52-week low of $16.50 and a 52-week high of $25.79.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Sunday, December 31st were given a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 0.71%. This is an increase from The Ensign Group’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Thursday, December 28th. The Ensign Group’s dividend payout ratio is 20.00%.
Several equities analysts have recently issued reports on ENSG shares. Royal Bank of Canada reiterated a “buy” rating and set a $21.00 price objective on shares of The Ensign Group in a research report on Tuesday, November 7th. SunTrust Banks set a $29.00 price objective on The Ensign Group and gave the stock a “buy” rating in a research report on Friday. Stifel Nicolaus set a $22.00 price objective on The Ensign Group and gave the stock a “hold” rating in a research report on Friday. ValuEngine downgraded The Ensign Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, BidaskClub downgraded The Ensign Group from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Three analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $26.20.
The Ensign Group Company Profile
The Ensign Group, Inc, through its operating subsidiaries, provides healthcare services across the post-acute care continuum, as well as other ancillary businesses located in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, Oregon, South Carolina, Texas, Utah, Washington and Wisconsin.
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