Wall Street brokerages predict that Addus HomeCare (NASDAQ:ADUS) will post $0.40 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Addus HomeCare’s earnings. The highest EPS estimate is $0.44 and the lowest is $0.35. Addus HomeCare posted earnings of $0.34 per share in the same quarter last year, which would suggest a positive year over year growth rate of 17.6%. The firm is expected to issue its next earnings results on Monday, May 14th.
On average, analysts expect that Addus HomeCare will report full-year earnings of $2.39 per share for the current year. For the next fiscal year, analysts anticipate that the business will post earnings of $2.79 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Addus HomeCare.
Addus HomeCare (NASDAQ:ADUS) last posted its earnings results on Monday, March 5th. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.03. The company had revenue of $111.96 million during the quarter, compared to analyst estimates of $110.82 million. Addus HomeCare had a return on equity of 9.95% and a net margin of 3.20%.
Several equities analysts have recently commented on ADUS shares. Zacks Investment Research raised Addus HomeCare from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 9th. BidaskClub raised Addus HomeCare from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Robert W. Baird set a $43.00 price objective on Addus HomeCare and gave the stock a “hold” rating in a report on Wednesday, March 14th. Finally, Stephens set a $56.00 price objective on Addus HomeCare and gave the stock a “buy” rating in a report on Monday, April 2nd. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $45.75.
In related news, CEO R Dirk Allison sold 749 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $38.85, for a total value of $29,098.65. Following the completion of the transaction, the chief executive officer now directly owns 33,120 shares of the company’s stock, valued at approximately $1,286,712. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Darby Anderson sold 883 shares of the stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $43.25, for a total value of $38,189.75. Following the completion of the transaction, the executive vice president now directly owns 28,718 shares of the company’s stock, valued at $1,242,053.50. The disclosure for this sale can be found here. Insiders sold a total of 7,109 shares of company stock valued at $258,061 over the last three months. Corporate insiders own 35.80% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC acquired a new stake in Addus HomeCare in the fourth quarter worth approximately $146,000. First Trust Advisors LP acquired a new stake in Addus HomeCare in the third quarter worth approximately $207,000. Goldman Sachs Group Inc. acquired a new stake in Addus HomeCare in the fourth quarter worth approximately $258,000. Millennium Management LLC acquired a new stake in shares of Addus HomeCare during the 4th quarter valued at $1,127,000. Finally, Deutsche Bank AG lifted its position in shares of Addus HomeCare by 51.6% during the 4th quarter. Deutsche Bank AG now owns 40,114 shares of the company’s stock valued at $1,393,000 after acquiring an additional 13,655 shares during the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.
Shares of NASDAQ:ADUS traded down $0.35 during trading on Friday, hitting $53.15. 8,148 shares of the company traded hands, compared to its average volume of 40,022. The firm has a market capitalization of $610.04, a PE ratio of 36.66, a price-to-earnings-growth ratio of 1.70 and a beta of -0.42. Addus HomeCare has a one year low of $30.95 and a one year high of $54.99. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.23.
About Addus HomeCare
Addus HomeCare Corporation provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States. The company's personal care services offer assistance with activities of daily living. Its services include assistance with bathing, grooming, oral care, assistance with feeding and dressing, medication reminders, meal planning and preparation, housekeeping, and transportation services, as well as other activities of daily living.
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