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August 5, 2014
06:20 EDTENSGEnsign Group revises FY14 EPS to $2.16-$2.21 from $2.75-$2.81, consensus $2.26
Backs FY14 revenue $1.01b-$1.03B, consensus $1.01B. The updated guidance is based on the impact of the separation of Ensign's healthcare business and certain real estate assets that was completed on June 1, 2014, which resulted in an increase in rent and diluted weighted average common shares to 23.2 million, and a reduction in depreciation and interest expenses. The guidance also assumes, among other things, acquisitions anticipated to be closed this year, anticipated Medicare and Medicaid reimbursement rate increases net of provider taxes, and tax rates of 38.5%. It excludes acquisition-related costs and amortization costs related to intangible assets, acquired start-up losses at newly-created operations and transaction-related costs connected with the spin-off.
News For ENSG From The Last 14 Days
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March 27, 2015
10:03 EDTENSGOn The Fly: Analyst Upgrade Summary
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05:46 EDTENSGEnsign Group upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo upgraded Ensign Group to Outperform saying the company is well positioned to grow through acquisitions following the secondary share issuance. Wells raised its price target range for shares to $50-$55 from $38-$42.

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