AP NEWS

Ensign Group: 4Q Earnings Snapshot

February 6, 2019

MISSION VIEJO, Calif. (AP) _ The Ensign Group Inc. (ENSG) on Wednesday reported fourth-quarter earnings of $26.4 million.

On a per-share basis, the Mission Viejo, California-based company said it had profit of 48 cents. Earnings, adjusted for one-time gains and costs, came to 54 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.

The provider of nursing and rehabilitative care services posted revenue of $537.8 million in the period.

For the year, the company reported profit of $92.4 million, or $1.70 per share. Revenue was reported as $2.07 billion.

Ensign Group expects full-year earnings to be $2.17 to $2.26 per share, with revenue in the range of $2.29 billion to $2.35 billion.

Ensign Group shares have risen 14 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $44.19, an increase of 92 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ENSG at https://www.zacks.com/ap/ENSG

AP RADIO
Update hourly