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The Ensign Group Meets Consensus of $0.60 Per Share; Increases 2015 Guidance and Issues 2016 Guidance

http://seekingalpha.com/pr/15222426-the-ensign-group-meets-c...
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I've got them on my watch list, waiting for a good price.
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Guidance info:

2015 Guidance

Management increased its 2015 annual revenue guidance to between $1.31 billion and $1.33 billion and its net income guidance to a range of $66.2 million to $67.6 million. Management also raised its 2015 annual earnings per share guidance to between $2.53 and $2.58 per diluted share for 2015. Managements guidance is based on diluted weighted average common shares outstanding of 26.2 million and assumes, among other things, anticipated Medicare and Medicaid reimbursement rate increases net of provider taxes, tax rates of 38.5% and acquisitions closed. It also excludes acquisition-related costs and amortization costs related to intangible assets acquired, stock based compensation, implementation costs for system improvements, costs incurred to recognize income tax credits, a one-time break-up fee earned in an unsuccessful bankruptcy auction and costs incurred for facilities currently being constructed and other start-up operations.

2016 Guidance

Management also provided guidance for 2016, with annual revenue guidance of between $1.53 billion and $1.58 billion and its net income guidance to a range of $77.8 million to $82.0 million. Management also provided 2016 annual earnings per share guidance to between $2.87 and $3.01 per diluted share for 2016. Managements guidance is based on diluted weighted average common shares outstanding of 27.1 million and assumes, among other things, anticipated Medicare and Medicaid reimbursement rate increases net of provider taxes, tax rates of 38.5% and acquisitions closed. It also excludes acquisition-related costs and amortization costs related to intangible assets acquired, stock based compensation, implementation costs for system improvements, costs incurred to recognize income tax credits and costs incurred for facilities currently being constructed and other start-up operations.


So they are guiding for at least 11% growth from '15 to '16 ($2.87/$2.58 = 1.112, or 11.2% growth), and that sounds pretty good!
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Rob, thanks for following up on this. ENSG is a very well managed company, and I'd love to buy more at the right price.

Jim
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Seems like the market thinks yesterday's price was a great price... up almost 13% today!
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