Zacks: Brokerages Expect Addus Homecare Co. (ADUS) Will Announce Earnings of $0.33 Per Share
Analysts expect Addus Homecare Co. (NASDAQ:ADUS) to post $0.33 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Addus Homecare’s earnings. Addus Homecare reported earnings per share of $0.28 during the same quarter last year, which would indicate a positive year-over-year growth rate of 17.9%. The company is scheduled to announce its next quarterly earnings results on Monday, August 7th.
On average, analysts expect that Addus Homecare will report full year earnings of $1.45 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.79 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Addus Homecare.
Addus Homecare (NASDAQ:ADUS) last released its quarterly earnings data on Monday, May 8th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The business had revenue of $101.60 million for the quarter, compared to the consensus estimate of $102.99 million. Addus Homecare had a net margin of 2.04% and a return on equity of 9.26%. The company’s revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 earnings per share.
A number of equities research analysts have issued reports on ADUS shares. TheStreet upgraded Addus Homecare from a “c” rating to a “b-” rating in a research note on Wednesday, February 22nd. Zacks Investment Research upgraded Addus Homecare from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research note on Friday, March 10th.
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In related news, Director Michael Earley acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 14th. The stock was bought at an average cost of $33.77 per share, for a total transaction of $67,540.00. Following the purchase, the director now owns 6,355 shares in the company, valued at approximately $214,608.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark L. First sold 160,000 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $39.40, for a total value of $6,304,000.00. Following the transaction, the director now owns 15,787 shares of the company’s stock, valued at $622,007.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 169,356 shares of company stock valued at $6,625,716. Corporate insiders own 38.20% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in shares of Addus Homecare by 309.4% in the first quarter. JPMorgan Chase & Co. now owns 259,283 shares of the company’s stock worth $8,296,000 after buying an additional 195,948 shares during the period. Jupiter Asset Management Ltd. bought a new position in shares of Addus Homecare during the fourth quarter worth about $5,022,000. Punch & Associates Investment Management Inc. bought a new position in shares of Addus Homecare during the third quarter worth about $2,739,000. Oxford Asset Management bought a new position in shares of Addus Homecare during the fourth quarter worth about $3,017,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Addus Homecare by 7.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 781,406 shares of the company’s stock worth $27,388,000 after buying an additional 51,556 shares during the period. Institutional investors own 97.06% of the company’s stock.
Addus Homecare (NASDAQ:ADUS) traded down 1.71% during midday trading on Wednesday, reaching $37.30. 25,057 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $33.98 and its 200-day moving average price is $33.62. Addus Homecare has a one year low of $16.55 and a one year high of $40.75. The stock has a market cap of $431.97 million, a PE ratio of 26.38 and a beta of 0.75.
About Addus Homecare
Addus HomeCare Corporation is a provider of personal care services, which are provided primarily in the home. The Company’s personal care services include assistance with bathing, grooming, oral care, skincare, assistance with feeding and dressing, medication reminders, meal planning and preparation, housekeeping and transportation services and other activities of daily living.
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