Ensign Group (ENSG) came out with quarterly earnings of $1.39 per share, beating the Zacks Consensus Estimate of $1.37 per share. This compares to earnings of $1.20 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.46%. A quarter ago, it was expected that this provider of nursing and rehabilitative care services would post earnings of $1.29 per share when it actually produced earnings of $1.32, delivering a surprise of 2.33%.O ...

Core Insights - The Ensign Group, Inc. reported strong financial results for Q3 2024, with GAAP diluted earnings per share of $1.34 and adjusted earnings per share of $1.39, reflecting significant year-over-year growth [1][2]. Financial Performance - GAAP net income reached $78.4 million, a 22.8% increase compared to the same quarter last year, while adjusted net income was $81.1 million, up 17.7% [2]. - Consolidated GAAP and adjusted revenue for the quarter were both $1.08 billion, marking a 15.0% increase from the prior year [3]. - Same Facilities and Transitioning Facilities occupancy rates increased by 2.8% and 4.8%, respectively, year-over-year [2][3]. Operational Highlights - The company added 53 new operations during the quarter, demonstrating effective integration of new acquisitions into existing clusters [4]. - Same store occupancy reached a record high of 81.7%, a 2.8% increase from the previous year, despite seasonal trends typically leading to lower occupancy [4]. - Managed care census grew by 9.1% and 23.2% for same store and transitioning operations, respectively, indicating strong performance across all payors [4]. Growth Strategy - The company is optimistic about unlocking further growth potential within its existing portfolio, emphasizing a strategy that does not solely rely on new acquisitions [5]. - Ensign is raising its annual 2024 earnings guidance to between $5.46 and $5.52 per diluted share, reflecting a more than 15.1% increase over 2023 results [6]. - The company continues to pursue acquisitions, with 27 operations acquired in 2024, and expects to close additional deals by year-end [6][7]. Real Estate and Portfolio Expansion - Ensign's portfolio now consists of 323 healthcare operations across 14 states, with 122 owned real estate assets [9]. - Recent acquisitions include several skilled nursing facilities in Colorado and other states, enhancing the company's operational footprint [7][8]. Liquidity and Financial Health - The company maintains strong liquidity with approximately $532.1 million in cash and $572.1 million available under its line of credit [6]. - A quarterly cash dividend of $0.06 per share was declared, continuing a long history of dividend payments [10].

SAN JUAN CAPISTRANO, Calif., Oct. 21, 2024 (GLOBE NEWSWIRE) -- The Ensign Group, Inc. (Nasdaq: ENSG or the “Company”), the parent company of the Ensign™ group of companies, which invest in and provide skilled nursing and senior living services, physical, occupational and speech therapies, other rehabilitative and healthcare services, and real estate, announced today that the Board of Directors (the “Board”) appointed Mark Parkinson to serve on the Board as its ninth director. In May of this year, Ensign sha ...

The Ensign Group, Inc. (ENSG) recently announced the acquisition of the real estate and operations of two healthcare facilities in Norfolk, NE. The acquisition includes St. Joseph Rehabilitation and Care Center, an 83- bed skilled nursing facility and Skyview Villa Assisted Living, a 20-bed assisted living facility. These acquisitions were completed through a subsidiary of ENSG's captive real estate entity, Standard Bearer Healthcare REIT, Inc., and took effect on Oct. 1, 2024. These moves bode well for ENS ...

Shares of The Ensign Group, Inc. (ENSG) have gained 19.2% in the past six months compared with the industry's 14.2% growth. The Medical sector and the S&P 500 Composite increased 2.6% and 4.7%, respectively, in the same time frame. ENSG's 3-Month Price Performance Image Source: Zacks Investment Research An extensive healthcare network, acquisitions of healthcare facilities and a notable financial position continue to drive Ensign Group. Ensign Group carries a Zacks Rank #2 (Buy) at present. Rising Estimates ...

Have you been paying attention to shares of Ensign Group (ENSG) ? Shares have been on the move with the stock up 8.1% over the past month. The stock hit a new 52-week high of $153.64 in the previous session. Ensign Group has gained 36.1% since the start of the year compared to the 11.6% move for the Zacks Medical sector and the 31% return for the Zacks Medical - Nursing Homes industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, as it hasn't missed our ear ...

The Ensign Group, Inc. (ENSG) announced that it has bought the operations of a nursing facility in Overland Park, KS. It has also acquired the operations of seven nursing facilities in Colorado. All these buyouts (with long-term, triple net leases) had an effective date of Sept. 1, 2024. The 102-bed unit in Kansas, named Prairie Ridge Health and Rehabilitation, boosts ENSG's footprint in the state. The acquisition comes at an opportune time, as the company is experiencing significant growth in the state ove ...

SAN JUAN CAPISTRANO, Calif., Sept. 03, 2024 (GLOBE NEWSWIRE) -- The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the Ensign™ group of companies, which invest in and provide skilled nursing and senior living services, physical, occupational and speech therapies, other rehabilitative and healthcare services, and real estate, announced today that it acquired the operations of the following skilled nursing facilities in Colorado: Desert Willow Health and Rehabilitation Center, a 106-bed skilled nurs ...

Core Insights - The Ensign Group, Inc. has acquired multiple skilled nursing facilities in Kansas and Colorado, expanding its operations significantly in these states [1][3][4] - The acquisitions are part of Ensign's strategy to deepen its commitment to the healthcare market in Kansas City and enhance its portfolio across the United States [2][3][4] - As of September 1, 2024, Ensign's portfolio includes 323 healthcare operations across fourteen states, with ongoing efforts to acquire more real estate and healthcare businesses [4][5] Acquisition Details - Ensign acquired Prairie Ridge Health and Rehabilitation, a 102-bed facility in Overland Park, Kansas, effective September 1, 2024 [1] - In Colorado, Ensign acquired several facilities: Desert Willow (106 beds), Junction Creek (133 beds), Pelican Pointe (104 beds), Riverbend (100 beds), Broadview (100 beds), Westlake Lodge (107 beds), and Linden Place (110 beds), all effective September 1, 2024 [3][4] - All acquired facilities will operate under long-term triple net leases [1][3] Growth Strategy - The company is actively seeking opportunities to acquire both well-performing and struggling skilled nursing and senior living facilities across the United States [4] - Ensign's subsidiaries, including Standard Bearer, own 122 real estate assets, indicating a robust investment strategy in healthcare real estate [4]

Core Viewpoint - Ensign Group (ENSG) has shown strong stock performance, with a 7.6% increase over the past month and a 33.8% rise since the beginning of the year, outperforming both the Zacks Medical sector and the Zacks Medical - Nursing Homes industry [1][3] Financial Performance - Ensign Group has consistently exceeded earnings expectations, reporting an EPS of $1.32 against a consensus estimate of $1.29 in its last earnings report [2] - For the current fiscal year, the company is projected to achieve earnings of $5.44 per share on revenues of $4.22 billion, reflecting a 14.05% increase in EPS and a 13.06% increase in revenues [3] - The forecast for the next fiscal year indicates expected earnings of $5.99 per share on $4.62 billion in revenues, representing year-over-year changes of 10.11% and 9.51%, respectively [3] Valuation Metrics - Ensign Group's current valuation metrics show a trading multiple of 27.6X current fiscal year EPS estimates, aligning with the peer industry average [7] - On a trailing cash flow basis, the stock trades at 26.1X compared to a peer group average of 22.1X, and it has a PEG ratio of 1.84, indicating it is not among the top value stocks [7] Zacks Rank and Style Scores - The stock holds a Zacks Rank of 2 (Buy), supported by favorable earnings estimate revisions from analysts [8] - Ensign Group has a Value Score of B, with Growth and Momentum Scores of C and D, respectively, resulting in a combined VGM Score of B [6][8] - The recommendation suggests that stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B are favorable, indicating potential for further gains for Ensign Group [9]