Ensign Group Inc Stock Price, News & Analysis

The Ensign Group, Inc. (NASDAQ: ENSG) announced its Q1 2023 financial results, showcasing strong growth. GAAP diluted earnings per share rose to $1.05, an 18.0% increase from the previous year, while adjusted EPS climbed 14.1% to $1.13. Consolidated revenues reached $886.8 million, a 24.3% year-over-year growth. Total revenue from skilled services stood at $850.9 million, marking a 23.9% increase. The company's occupancy rates improved, with same-store occupancy at 78.8%. Ensign's annual earnings guidance is now projected between $4.64 and $4.77 per diluted share, while revenue guidance increased to $3.68 billion to $3.73 billion. Additionally, Ensign successfully acquired 19 new operations during the quarter, enhancing its portfolio significantly.

The Ensign Group, Inc. (Nasdaq: ENSG) announced plans to release its first quarter 2023 financial results on April 26, 2023. This will be followed by a live conference call on April 27, 2023, at 10:00 a.m. PT (1:00 p.m. ET) where management will discuss the company’s performance. Ensign operates 290 healthcare facilities across various states, providing skilled nursing, senior living services, and rehabilitative therapies. Investors can tune in to the webcast or access the financial information on the company’s investor website. The recorded webcast will be available for replay until May 26, 2023.

The Ensign Group, Inc. (Nasdaq: ENSG) announced a quarterly cash dividend of $0.0575 per share, payable by April 30, 2023, to shareholders on record as of March 31, 2023. This marks a continuation of the company's history as a dividend-paying entity since 2002. Ensign operates 290 healthcare facilities across multiple states, providing a range of services including skilled nursing and rehabilitative care.

The Ensign Group (NASDAQ: ENSG) announced its participation in the Oppenheimer & Co. Inc. 33rd Annual Healthcare Conference, scheduled for March 14, 2023, at 10:40 a.m. Eastern Time. The company's CEO Barry Port, CFO Suzanne Snapper, and CIO Chad Keetch will present insights into operations and growth strategies. A live webcast will be available, and an archived version will be accessible for 90 days post-event. Ensign operates 290 healthcare facilities across various states, providing skilled nursing and senior living services, along with therapies and rehabilitative care. More information can be found on their website.

The Ensign Group, Inc. (Nasdaq: ENSG) announced the acquisition of Hampden Hills Post Acute, a 218-bed skilled nursing facility in Aurora, Colorado, and Mapleton Post Acute, an 84-bed skilled nursing facility in Lakewood, Colorado. These acquisitions became effective on March 1, 2023, and will operate under long-term, triple net leases. Ensign now manages 290 healthcare operations across 13 states, including 26 with senior living services. CEO Barry Port expressed enthusiasm for expanding in Colorado and integrating these facilities with existing operations, while the company continues to seek additional acquisition opportunities.

The Ensign Group reported strong financial results for Q4 and FY 2022, highlighting a GAAP diluted EPS of $1.06 for the quarter and $3.95 for the year, marking increases of 23.3% and 13.7%, respectively. Adjusted EPS rose to $1.10 and $4.14 for the quarter and year. Total revenues reached $3.025 billion, up 15.1% year-over-year. The company achieved consistent occupancy growth across skilled services, with same store operations increasing by 2.9%. Ensign anticipates 2023 diluted EPS guidance of $4.60-$4.74, indicating a 12.8% rise from 2022, backed by strong liquidity of $316.3 million in cash.

Sabra Health Care REIT, Inc. (Nasdaq: SBRA) has announced gross proceeds of approximately $185 million from disposition activities since September 30, 2022. This includes a significant portfolio of skilled nursing properties sold for over $200,000 per bed, yielding around 7% cash yield for the year ending September 30, 2022. The net proceeds were applied to reduce borrowings under the revolving credit facility. Additionally, 24 properties transitioned from North American to Ensign (Nasdaq: ENSG) and Avamere. CEO Rick Matros highlighted the commitment to capital allocation and balance sheet management amid an uncertain macro environment.

The Ensign Group (Nasdaq: ENSG) announced the acquisition of operations for 17 skilled nursing facilities in California, effective February 1, 2023. This transaction adds 1,462 operational beds to its portfolio, increasing its total to 288 healthcare operations across 13 states. Ensign has entered into two triple net leases with Sabra Health Care REIT for the properties, with terms of 18 and 20 years. Ensign's leadership expressed confidence in the transition despite agency staffing challenges, aiming for these facilities to significantly contribute to the organization’s success.

The Ensign Group, Inc. (Nasdaq: ENSG) has announced that it will release its fourth quarter and fiscal year 2022 financial results on February 2, 2023. Following this, a live webcast is scheduled for February 3, 2023, at 10:00 a.m. PT, where management will discuss the company's performance. The Ensign Group operates 271 healthcare facilities across various states, providing skilled nursing, senior living services, and therapies. Interested investors can access the webcast and related financial information via the company's investor website. This marks a significant event for stakeholders anticipating the company's financial metrics.