The Ensign Group, Inc. (ENSG) Updates FY17 Earnings Guidance

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.

Earnings History and Estimates for The Ensign Group (NASDAQ:ENSG)

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