The Ensign Group, Inc. Announces Quarterly Dividend of $0.05 (NASDAQ:ENSG)

The Ensign Group, Inc. (NASDAQ:ENSG) declared a quarterly dividend on Thursday, June 20th, Fidelity reports. Investors of record on Sunday, June 30th will be paid a dividend of 0.0475 per share on Wednesday, July 31st. This represents a $0.19 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date is Thursday, June 27th.

The Ensign Group has increased its dividend payment by an average of 6.3% per year over the last three years and has raised its dividend every year for the last 11 years. The Ensign Group has a payout ratio of 11.1% meaning its dividend is sufficiently covered by earnings. Analysts expect The Ensign Group to earn $2.35 per share next year, which means the company should continue to be able to cover its $0.19 annual dividend with an expected future payout ratio of 8.1%.

NASDAQ:ENSG traded down $0.34 during mid-day trading on Friday, reaching $57.51. The stock had a trading volume of 294,804 shares, compared to its average volume of 255,404. The business has a 50-day simple moving average of $55.94. The stock has a market capitalization of $3.05 billion, a PE ratio of 32.13, a PEG ratio of 1.83 and a beta of 0.84. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.87. The Ensign Group has a 12 month low of $34.69 and a 12 month high of $58.88.

The Ensign Group (NASDAQ:ENSG) last issued its earnings results on Monday, May 6th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The firm had revenue of $549.21 million for the quarter, compared to analyst estimates of $545.09 million. The Ensign Group had a net margin of 4.59% and a return on equity of 17.23%. The company’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the business posted $0.45 earnings per share. Sell-side analysts expect that The Ensign Group will post 2.11 earnings per share for the current fiscal year.

In other The Ensign Group news, VP Beverly B. Wittekind sold 868 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $53.17, for a total value of $46,151.56. Following the transaction, the vice president now directly owns 54,462 shares in the company, valued at $2,895,744.54. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Suzanne D. Snapper sold 2,982 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $53.17, for a total transaction of $158,552.94. Following the completion of the transaction, the chief financial officer now owns 223,216 shares in the company, valued at $11,868,394.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,547 shares of company stock worth $242,252. 6.70% of the stock is owned by corporate insiders.

A number of equities analysts have recently commented on the stock. Oppenheimer cut their price target on shares of 2U from $83.00 to $67.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. ValuEngine raised shares of Yelp from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Zacks Investment Research downgraded shares of Glu Mobile from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Finally, BidaskClub downgraded shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research note on Monday, June 24th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $44.17.

About The Ensign Group

The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses. The company operates in three segments: Transitional and Skilled Services; Assisted and Independent Living Services; and Home Health and Hospice Services. The Transitional and Skilled Services segment offers a range of medical, nursing, rehabilitative, and pharmacy services, as well as routine services, such as daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.

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Dividend History for The Ensign Group (NASDAQ:ENSG)

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