Amedisys Inc (NASDAQ:AMED) Scheduled to Post Quarterly Earnings on Monday
Amedisys Inc (NASDAQ:AMED) will issue its quarterly earnings data after the market closes on Monday, July 31st. Analysts expect the company to announce earnings of $0.50 per share for the quarter.
Amedisys (NASDAQ:AMED) last issued its quarterly earnings data on Tuesday, May 2nd. The health services provider reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.06. The company had revenue of $370.46 million for the quarter, compared to analysts’ expectations of $370.03 million. Amedisys had a return on equity of 12.60% and a net margin of 3.16%. During the same quarter in the previous year, the firm posted $0.33 earnings per share. On average, analysts expect Amedisys to post $2.09 EPS for the current fiscal year and $2.4 EPS for the next fiscal year.
Amedisys Inc (NASDAQ AMED) opened at 59.35 on Monday. The firm’s 50 day moving average price is $61.69 and its 200-day moving average price is $53.66. The firm has a market cap of $2.00 billion, a PE ratio of 43.96 and a beta of 0.94. Amedisys Inc has a 52 week low of $34.58 and a 52 week high of $65.91.
In other news, Director Bruce D. Perkins purchased 500 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was bought at an average cost of $59.69 per share, for a total transaction of $29,845.00. Following the completion of the acquisition, the director now directly owns 13,331 shares of the company’s stock, valued at $795,727.39. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Scott G. Ginn sold 23,828 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $58.62, for a total transaction of $1,396,797.36. Following the sale, the insider now owns 13,018 shares of the company’s stock, valued at $763,115.16. The disclosure for this sale can be found here. Insiders have sold 56,828 shares of company stock valued at $3,350,922 over the last 90 days. Corporate insiders own 2.80% of the company’s stock.
Several equities analysts have commented on the stock. Stephens increased their target price on shares of Amedisys from $50.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 4th. Zacks Investment Research downgraded shares of Amedisys from a “buy” rating to a “hold” rating in a research report on Tuesday, April 18th. BidaskClub downgraded shares of Amedisys from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 12th. Mizuho raised shares of Amedisys from a “neutral” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Wednesday, May 3rd. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $56.00 target price on shares of Amedisys in a research report on Monday, June 5th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Amedisys has an average rating of “Buy” and a consensus price target of $58.38.
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Amedisys Company Profile
Amedisys, Inc is a healthcare services company. The Company’s segments are Home Health, Hospice, Personal Care and Other. The Company is a provider of home health, hospice and personal care services. As of December 31, 2016, the Company owned and operated 327 Medicare-certified home healthcare centers, 79 Medicare-certified hospice care centers and 14 personal-care care centers in 34 states within the United States and the District of Columbia.
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