SunTrust Banks Analysts Decrease Earnings Estimates for Almost Family Inc (AFAM)
Almost Family Inc (NASDAQ:AFAM) – Equities research analysts at SunTrust Banks dropped their Q2 2017 earnings estimates for shares of Almost Family in a report issued on Friday. SunTrust Banks analyst D. Macdonald now forecasts that the company will post earnings of $0.54 per share for the quarter, down from their previous estimate of $0.59. SunTrust Banks also issued estimates for Almost Family’s Q3 2017 earnings at $0.57 EPS, Q4 2017 earnings at $0.65 EPS, FY2017 earnings at $2.30 EPS, Q1 2018 earnings at $0.58 EPS, Q2 2018 earnings at $0.63 EPS, Q3 2018 earnings at $0.65 EPS, Q4 2018 earnings at $0.64 EPS, FY2018 earnings at $2.50 EPS and FY2019 earnings at $2.78 EPS.
Almost Family (NASDAQ:AFAM) last released its quarterly earnings data on Tuesday, May 9th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. The firm had revenue of $201.31 million during the quarter, compared to analyst estimates of $204.79 million. Almost Family had a return on equity of 7.67% and a net margin of 2.59%. The business’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.59 earnings per share. TRADEMARK VIOLATION WARNING: “SunTrust Banks Analysts Decrease Earnings Estimates for Almost Family Inc (AFAM)” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this article on another domain, it was stolen and republished in violation of US & international copyright law. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/07/24/suntrust-banks-analysts-decrease-earnings-estimates-for-almost-family-inc-afam.html.
Several other research firms have also commented on AFAM. Zacks Investment Research upgraded Almost Family from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. Jefferies Group LLC reiterated a “buy” rating and set a $58.00 price objective on shares of Almost Family in a research note on Friday, March 31st. Bank of America Corporation reiterated a “neutral” rating and set a $57.00 price objective (up from $52.00) on shares of Almost Family in a research note on Wednesday, May 17th. Royal Bank Of Canada reiterated a “buy” rating and set a $63.00 price objective on shares of Almost Family in a research note on Tuesday, June 13th. Finally, Robert W. Baird lowered Almost Family from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $55.00 to $64.00 in a research note on Monday, July 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $57.60.
Almost Family (AFAM) opened at 57.15 on Monday. Almost Family has a 1-year low of $35.21 and a 1-year high of $62.95. The stock has a 50 day moving average price of $60.21 and a 200-day moving average price of $52.03. The company has a market cap of $725.46 million, a price-to-earnings ratio of 36.15 and a beta of 0.47.
A number of large investors have recently bought and sold shares of the company. Nationwide Fund Advisors raised its stake in Almost Family by 12.3% in the first quarter. Nationwide Fund Advisors now owns 8,386 shares of the company’s stock valued at $408,000 after buying an additional 918 shares during the period. Dalton Greiner Hartman Maher & Co. raised its stake in Almost Family by 55.1% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 38,240 shares of the company’s stock valued at $1,858,000 after buying an additional 13,587 shares during the period. Louisiana State Employees Retirement System purchased a new stake in Almost Family during the first quarter valued at approximately $238,000. Capstone Asset Management Co. raised its stake in Almost Family by 5.9% in the first quarter. Capstone Asset Management Co. now owns 6,643 shares of the company’s stock valued at $323,000 after buying an additional 370 shares during the period. Finally, First National Bank of Omaha purchased a new stake in Almost Family during the first quarter valued at approximately $771,000. Institutional investors own 82.69% of the company’s stock.
In other Almost Family news, Director Steven B. Bing sold 875 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $49.35, for a total transaction of $43,181.25. Following the completion of the sale, the director now directly owns 13,599 shares in the company, valued at approximately $671,110.65. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO William B. Yarmuth sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $56.82, for a total value of $1,704,600.00. Following the sale, the chief executive officer now owns 430,794 shares of the company’s stock, valued at $24,477,715.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 76,942 shares of company stock valued at $4,350,980. 13.10% of the stock is owned by company insiders.
Almost Family Company Profile
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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