The Ensign Group(NASDAQ:ENSG) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $410.52M. Analysts estimated a revenue of $400.19M. Earnings per share were $0.33. Analysts had estimated an EPS of $0.33.
In a different note, On May 12, 2016, Wells Fargo said it Downgrades its rating on The Ensign Group. The shares have been rated ‘Market Perform’ by the firm.
The Ensign Group (ENSG) made into the market gainers list on Mondays trading session with the shares advancing 0.66% or 0.13 points. Due to strong positive momentum, the stock ended at $19.71, which is also near the day’s high of $19.78. The stock began the session at $19.54 and the volume stood at 3,77,682 shares. The 52-week high of the shares is $25.095 and the 52 week low is $17.6. The company has a current market capitalization of $995 M and it has 5,04,81,330 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Jun 15, 2016, Suzanne D. Snapper (CFO) sold 217 shares at $20.40 per share price.Also, On Jun 15, 2016, Chad Keetch (Executive Vice President) sold 216 shares at $20.55 per share price.On Jun 14, 2016, Beverly B. Wittekind (VP & General Counsel) sold 18,330 shares at $20.63 per share price, according to the Form-4 filing with the securities and exchange commission.
The Ensign Group Inc. is a holding company. The Company through its subsidiaries is a provider of skilled nursing rehabilitative care services home health home care hospice care assisted living and urgent care services. The Company operates approximately 178 facilities of which 13 are hospice agencies 14 are home health agencies three are home care businesses and 17 are urgent care clinics in California Arizona Texas Washington Utah Idaho Colorado Nevada Iowa Nebraska Oregon and Wisconsin. It operates through two segments: transitional skilled and assisted living services which include the operation of skilled nursing facilities and assisted and independent living facilities and home health and hospice services which includes the Company’s home health home care and hospice businesses. Its wholly owned subsidiaries provide accounting payroll human resources information technology legal and other services to other operating subsidiaries.