The Ensign Group, Inc. to Issue Quarterly Dividend of $0.06 (NASDAQ:ENSG)

The Ensign Group, Inc. (NASDAQ:ENSGGet Free Report) declared a quarterly dividend on Friday, June 14th, Zacks reports. Stockholders of record on Sunday, June 30th will be paid a dividend of 0.06 per share on Wednesday, July 31st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend is Friday, June 28th.

The Ensign Group has increased its dividend payment by an average of 4.7% annually over the last three years and has increased its dividend every year for the last 17 years. The Ensign Group has a payout ratio of 4.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect The Ensign Group to earn $5.46 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 4.4%.

The Ensign Group Stock Down 0.5 %

Shares of ENSG opened at $118.96 on Friday. The Ensign Group has a 52 week low of $88.79 and a 52 week high of $127.57. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of 31.31, a PEG ratio of 1.60 and a beta of 0.99. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a fifty day moving average of $118.66 and a 200-day moving average of $117.97.

The Ensign Group (NASDAQ:ENSGGet Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $1.19 EPS for the quarter, meeting analysts’ consensus estimates of $1.19. The Ensign Group had a return on equity of 17.60% and a net margin of 5.67%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. As a group, sell-side analysts anticipate that The Ensign Group will post 4.95 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other The Ensign Group news, Director Ann Scott Blouin sold 350 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $116.47, for a total transaction of $40,764.50. Following the completion of the sale, the director now directly owns 20,002 shares in the company, valued at approximately $2,329,632.94. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other The Ensign Group news, Director Ann Scott Blouin sold 350 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $116.47, for a total transaction of $40,764.50. Following the completion of the sale, the director now directly owns 20,002 shares in the company, valued at approximately $2,329,632.94. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daren Shaw sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $118.26, for a total value of $236,520.00. Following the completion of the sale, the director now owns 30,250 shares of the company’s stock, valued at $3,577,365. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,813 shares of company stock worth $808,203. Company insiders own 3.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ENSG shares. Stephens reaffirmed an “overweight” rating and set a $135.00 target price on shares of The Ensign Group in a research report on Tuesday, April 23rd. Oppenheimer raised their target price on The Ensign Group from $130.00 to $135.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $124.60.

Read Our Latest Analysis on The Ensign Group

About The Ensign Group

(Get Free Report)

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.

See Also

Dividend History for The Ensign Group (NASDAQ:ENSG)

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