Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Z ...

The Ensign Group, Inc. (ENSG) is well-poised to grow due to the rising demand for healthcare services. Its moves to expand its geographic reach and increase market density, combined with improving occupancy, will boost its results. ENSG stock has gained 2.2% over the past month, outperforming the industry and the S&P 500 Index.One-Month Price Performance – ENSG, Industry & S&P 500 Image Source: Zacks Investment ResearchHeadquartered in San Juan Capistrano, CA, ENSG operates as a provider of skilled nursing, ...

Acquisition Details - The Ensign Group Inc (ENSG) recently acquired the operations of eight skilled nursing facilities in Tennessee and one in Alabama, marking its entry into Alabama [1] - The Tennessee facilities are Meadowbrook Healthcare and Rehabilitation Center (83 beds), Wellpark Health and Rehabilitation (30 beds), Legacy Park Health and Rehabilitation (176 beds), VanAyer Senior Living and Rehabilitation (91 beds), Union City Health and Rehabilitation (115 beds), Decatur County Healthcare (125 beds), Savannah Nursing and Rehabilitation (120 beds), and Westwood Nursing and Rehabilitation (90 beds) [2] - The Alabama facility, The Health Center at Research Park, contains 91 beds [2] - Six of these facilities are co-owned by CareTrust REIT Inc (CTRE) and a joint venture investor, operating under a new long-term triple-net master lease with ENSG-affiliated operating companies starting from 2025 [3] - The remaining three facilities were acquired by Ensign Group's real estate subsidiary, Standard Bearer Healthcare REIT [3] Portfolio and Operations - Post-acquisition, ENSG's portfolio comprises 333 healthcare operations across 15 states, with 30 offering senior living services [4] - Through subsidiaries including Standard Bearer, ENSG owns 129 real estate assets and operates 96 of them [4] - The company aims to gain an in-depth understanding of local communities by working closely with caregivers at the acquired facilities, enabling high-quality care for residents and their families [4] Expansion Strategy - The latest acquisition marks ENSG's first expansion initiative for 2025, following an active year of buyouts in 2024 [5] - Management focuses on opportunistic real-estate buyouts and leasing struggling skilled nursing, senior living, and other healthcare-linked businesses across the US [6] - Frequent expansions allow the company to deepen its presence in underserved communities and address inadequate care access [5] Financial and Market Performance - The Skilled Services segment, which generates income from Medicaid, Medicare, managed care, and private payors, saw revenues rise 8.4% year-over-year in the first nine months of 2024 [7] - ENSG's share price gained 16.7% in the past year, outperforming the industry's 9.3% growth [8] - The company currently carries a Zacks Rank 2 (Buy) [8] Industry Comparison - Other top-ranked stocks in the Medical space include Doximity Inc (DOCS) and Inspire Medical Systems Inc (INSP), both sporting a Zacks Rank 1 (Strong Buy) [10] - Doximity's earnings surpassed estimates in the last four quarters, with an average surprise of 22.12%, and its 2025 earnings and revenue estimates indicate a 10% rise from 2024 [11] - Inspire Medical Systems' earnings outpaced estimates in the trailing four quarters, with an average surprise of 649.90%, and its 2025 earnings and revenue estimates indicate a 53.6% and 19% rise, respectively, from 2024 [12] - Shares of Doximity and Inspire Medical Systems gained 92.6% and 14.6%, respectively, in the past year [13]

The Ensign Group, Inc. (ENSG) is benefiting from strategic acquisitions, an expanding footprint, rising service revenues and a strong financial position. An optimistic 2024 business outlook also reinforces investors’ confidence in the stock.Zacks Rank & Price PerformanceEnsign Group carries a Zacks Rank #2 (Buy) at present. The stock has gained 11.5% in the past six months compared with the industry’s 2.9% growth. The Medical sector and the S&P 500 Composite have declined 9.7% and increased 10.3%, respectiv ...

Core Viewpoint - Ensign Group (ENSG) shares have recently declined by 6% over the past week, but the formation of a hammer chart pattern suggests potential support and a possible trend reversal in the future [1]. Technical Analysis - The hammer chart pattern indicates a small candle body with a long lower wick, suggesting that the stock found support after a downtrend, which may signal a loss of control by bears and a potential trend reversal [2]. - Hammer patterns can occur across various timeframes and are utilized by both short-term and long-term investors, although they should be used in conjunction with other bullish indicators for confirmation [2]. Fundamental Analysis - Recent upward revisions in earnings estimates for ENSG are viewed as a bullish indicator, with a 0.1% increase in the consensus EPS estimate over the last 30 days, indicating analysts expect better earnings than previously predicted [4]. - ENSG holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which historically outperform the market [4]. - The Zacks Rank serves as a timing indicator, suggesting that the company's prospects are beginning to improve, further supporting the potential for a turnaround in ENSG shares [4].

Group 1: Ensign Group's Acquisition Strategy - Ensign Group has expanded its portfolio to include 330 healthcare operations across 16 states, with 32 of these also featuring senior living operations [1][9] - The company is acquiring eight healthcare facilities in Alaska, Washington, Oregon, and California, enhancing its geographic reach and diversifying its portfolio [3][9] - The acquisitions are expected to provide high-quality assets and create operational efficiencies through the establishment of clusters in emerging markets [5][10] Group 2: Financial Performance and Projections - Ensign's earnings per share (EPS) for 2024 is forecasted to be between $5.46 and $5.52, indicating a growth of over 15.1% from the 2023 figure of $4.77 [10] - The company has seen a 10.9% increase in shares over the past three months, outperforming the industry average growth of 2.7% [11] Group 3: Market Position and Competitors - Ensign Group is committed to acquiring both successful and struggling healthcare operations, which is expected to drive revenue growth through higher occupancy rates and patient days [10] - Other top-ranked stocks in the medical space include Doximity, CareDx, and Abbott Laboratories, with Doximity currently holding a Zacks Rank 1 (Strong Buy) [12]

SAN JUAN CAPISTRANO, Calif., Dec. 18, 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 has agreed to acquire eight facilities in the states of Alaska, Washington, Oregon, and California, subject to the completion of certain regulatory appro ...

The Ensign Group, Inc.'s (ENSG) board of directors recently approved a 4.2% hike in its quarterly cash dividend to boost shareholders' value. The increased dividend is 6.25 cents per share compared with the previous payout of 6 cents. It will be paid out on or before Jan. 31, 2025, to shareholders of record as of Dec. 31, 2024.This marks the 22nd consecutive year of dividend increases for ENSG. Based on the Dec. 13 closing stock price of $142.42, the new dividend yield is 0.17%, slightly above the industry ...

SAN JUAN CAPISTRANO, Calif., Dec. 13, 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 has declared a quarterly cash dividend of $0.0625 per share of Ensign common stock, payable on or before January 31, 2025, to shareholders of record as ...

The Ensign Group, Inc. (ENSG) is benefiting from improved service revenues, a series of acquisitions and a strong financial position. An optimistic 2024 business outlook also reinforces investors’ confidence in the stock.  Zacks Rank & Price PerformanceEnsign Group carries a Zacks Rank #3 (Hold) at present. The stock has gained 33.3% in the past year compared with the industry’s 24.6% growth. The Medical sector and the S&P 500 composite index have increased 2.5% and 30%, respectively, in the same time frame ...