Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- The Ensign Group Inc's (NASDAQ:ENSG) Q3 FY22 sales increased 15.2% Y/Y to $770.0 million, beating the consensus of $751.22 million.
- Ensign reported an adjusted EPS of $1.04, in line with the consensus estimates, up 14.3% Y/Y.
- Total skilled services revenue reached $739.3 million, up 15.1%.
- Same-store and transitioning occupancy increased by 2.4% and 5.3%, respectively, over the prior-year quarter.
- The company's liquidity remains strong, with approximately $308.9 million cash on hand and $593.3 million available capacity under its line of credit.
- The company noted that it experienced continued improvement in occupancies, medicare & managed care revenues and reported that its operators achieved sequential growth in overall occupancy for the seventh consecutive quarter.
- Guidance: For FY22, Ensign raised its annual 2022 EPS guidance to $4.10-$4.18, up from the previously increased guidance of $4.05-$4.15 versus the consensus of $4.12.
- The company also raised annual revenue guidance to $3.01-$3.03 billion, up from the previously increased revenue guidance of $2.96-$3.0 billion and against the consensus of $2.98 billion.
- The new midpoint of revised 2022 guidance represents a 14% Y/Y increase and 32% higher than 2020 results.
- Price Action: ENSG shares are down 0.38% at $89.75 on the last check Thursday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!