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 ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores.What a ...

Investors might want to bet on Ensign Group (ENSG) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a cha ...

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 ...