Ensign Group Inc

ENSG

Equity

ISIN US29358P1012 / Valor 3109721

NASDAQ (2024-11-21)

USD 147.35+1.86%

Ensign Group Inc
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About company

The Ensign Group, Inc. operates through its independent subsidiaries, offering a comprehensive range of services across the healthcare spectrum, particularly focusing on post-acute care. This includes skilled nursing and assisted living facilities, alongside a variety of rehabilitative services such as physical, occupational, and speech therapies. Expanding beyond its traditional scope, The Ensign Group has ventured into additional post-acute care services, which encompass mobile x-ray, laboratory services, non-emergency transportation, and consulting services. These offerings are designed to meet a broad array of patient needs across several states, indicating The Ensign Group's commitment to providing a holistic approach to healthcare and rehabilitation.

Summarized from source with an LLMView SourceSector: Healthcare

Revenue Growth

Ensign Group Inc. reported consolidated GAAP and adjusted revenue of $1.04 billion for the second quarter of 2024, marking a 12.5% increase over the prior year quarter. This growth was driven by a rise in skilled services revenue and managed care revenue across their facilities.

Earnings Per Share

For the second quarter of 2024, Ensign Group Inc. achieved GAAP diluted earnings per share of $1.22, an 8.9% increase from the previous year. Adjusted earnings per share were reported at $1.32, reflecting a 13.8% rise over the same period last year.

Net Income

Ensign Group Inc. reported a GAAP net income of $71.0 million for the second quarter of 2024, which is an 11.0% increase compared to the prior year quarter. The adjusted net income for the same period was $76.4 million, showing a 15.3% increase year-over-year.

Occupancy Rates

During the second quarter of 2024, Ensign Group Inc. saw an increase in occupancy rates, with Same Facilities occupancy reaching 80.8%, a 2.8% rise over the prior year quarter. Transitioning Facilities also experienced a 4.3% increase in occupancy.

Annual Guidance

Ensign Group Inc. raised its annual earnings guidance for 2024 to between $5.38 to $5.50 per diluted share, up from the previous range of $5.29 to $5.47. The company also increased its annual revenue guidance to between $4.20 billion to $4.22 billion, reflecting confidence in continued growth and strong performance.

Summarized from source with an LLMView Source

Key figures

36.5%1Y

83.4%3Y

244%5Y

Performance

20.6%1Y

26.3%3Y

40.4%5Y

Volatility