Jefferies Group Comments on Almost Family Inc’s Q1 2017 Earnings (AFAM)
Almost Family Inc (NASDAQ:AFAM) – Research analysts at Jefferies Group cut their Q1 2017 earnings estimates for shares of Almost Family in a note issued to investors on Monday. Jefferies Group analyst B. Tanquilut now anticipates that the company will post earnings of $0.54 per share for the quarter, down from their previous estimate of $0.58. Jefferies Group currently has a “Buy” rating and a $58.00 target price on the stock. Jefferies Group also issued estimates for Almost Family’s Q2 2017 earnings at $0.63 EPS, Q4 2017 earnings at $0.64 EPS, FY2017 earnings at $2.55 EPS and FY2018 earnings at $2.77 EPS.
Almost Family (NASDAQ:AFAM) last posted its quarterly earnings data on Tuesday, March 7th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.01. The firm had revenue of $153.40 million for the quarter, compared to analysts’ expectations of $157.31 million. Almost Family had a return on equity of 8.86% and a net margin of 2.74%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.62 EPS.
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Other analysts have also issued reports about the company. Royal Bank of Canada reiterated a “buy” rating and set a $55.00 price objective on shares of Almost Family in a research note on Tuesday, January 3rd. Zacks Investment Research upgraded Almost Family from a “sell” rating to a “hold” rating in a research note on Friday, January 6th. Finally, Bank of America Corp initiated coverage on Almost Family in a research note on Tuesday, January 24th. They set a “neutral” rating and a $49.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Almost Family presently has a consensus rating of “Hold” and an average price target of $52.80.
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Almost Family (NASDAQ:AFAM) opened at 46.30 on Thursday. Almost Family has a 52-week low of $35.21 and a 52-week high of $50.97. The firm’s 50-day moving average price is $48.10 and its 200 day moving average price is $44.51. The company has a market cap of $471.01 million, a PE ratio of 27.08 and a beta of 0.72.
Institutional investors have recently made changes to their positions in the company. Acrospire Investment Management LLC raised its position in shares of Almost Family by 115.1% in the third quarter. Acrospire Investment Management LLC now owns 3,738 shares of the company’s stock worth $137,000 after buying an additional 2,000 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Almost Family by 10.3% in the third quarter. Wells Fargo & Company MN now owns 5,679 shares of the company’s stock worth $208,000 after buying an additional 528 shares in the last quarter. Stevens Capital Management LP acquired a new position in shares of Almost Family during the third quarter worth $209,000. Thrivent Financial for Lutherans acquired a new position in shares of Almost Family during the fourth quarter worth $211,000. Finally, Aperio Group LLC raised its position in shares of Almost Family by 7.1% in the third quarter. Aperio Group LLC now owns 6,344 shares of the company’s stock worth $233,000 after buying an additional 418 shares in the last quarter. Institutional investors and hedge funds own 56.02% of the company’s stock.
About Almost Family
Almost Family, Inc is a provider of home healthcare services. The Company has two divisions: Home Health and Healthcare Innovations (HCI). The Home Health division consists of two segments: Visiting Nurse Services (VN or Visiting Nurse) and Personal Care Services (PC or Personal Care). The VN segment provides a range of Medicare-certified home health nursing services to patients in need of recuperative care, following a period of hospitalization or care in another type of inpatient facility.
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