The Ensign Group, Inc. (NASDAQ:ENSG) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.46-1.53 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.49. The company issued revenue guidance of $1.76-1.80 billion, compared to the consensus revenue estimate of $1.78 billion.
The Ensign Group, Inc. (NASDAQ ENSG) traded up 0.56% during trading on Friday, reaching $19.76. The company’s stock had a trading volume of 129,975 shares. The Ensign Group, Inc. has a 52 week low of $16.50 and a 52 week high of $23.35. The company has a 50 day moving average price of $21.60 and a 200-day moving average price of $19.68. The company has a market capitalization of $1.01 billion, a PE ratio of 23.00 and a beta of 0.84.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, June 30th were given a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend was Wednesday, June 28th. The Ensign Group’s payout ratio is 20.24%.
Several equities analysts have recently commented on the company. TheStreet raised The Ensign Group from a c+ rating to a b rating in a report on Monday, August 7th. Zacks Investment Research downgraded The Ensign Group from a hold rating to a sell rating in a research report on Tuesday, August 8th. BidaskClub downgraded The Ensign Group from a buy rating to a hold rating in a research report on Sunday, August 6th. Finally, Wells Fargo & Company downgraded The Ensign Group from a market perform rating to an underperform rating in a research report on Friday, April 28th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The Ensign Group presently has an average rating of Hold and an average target price of $22.00.
In other The Ensign Group news, VP Barry Port sold 10,000 shares of the company’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $23.00, for a total value of $230,000.00. Following the transaction, the vice president now owns 135,642 shares of the company’s stock, valued at $3,119,766. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 11,761 shares of company stock worth $267,981 in the last ninety days. 6.20% of the stock is owned by corporate insiders.
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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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