Almost Family Inc (AFAM) Expected to Post Quarterly Sales of $205.17 Million
Wall Street brokerages expect Almost Family Inc (NASDAQ:AFAM) to post $205.17 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Almost Family’s earnings. The highest sales estimate is $205.70 million and the lowest is $204.42 million. Almost Family posted sales of $156.00 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 31.5%. The business is expected to announce its next quarterly earnings results on Wednesday, August 2nd.
On average, analysts expect that Almost Family will report full-year sales of $205.17 million for the current year, with estimates ranging from $821.19 million to $824.10 million. For the next financial year, analysts expect that the company will post sales of $856.51 million per share, with estimates ranging from $846.12 million to $869.00 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Almost Family.
Almost Family (NASDAQ:AFAM) last announced its earnings results on Tuesday, May 9th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The business had revenue of $201.31 million during the quarter, compared to analyst estimates of $204.79 million. Almost Family had a net margin of 2.59% and a return on equity of 7.67%. The company’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 EPS.
AFAM has been the subject of several recent research reports. Royal Bank Of Canada reissued a “buy” rating and set a $63.00 target price on shares of Almost Family in a report on Tuesday, June 13th. Jefferies Group LLC reissued a “buy” rating and set a $58.00 target price on shares of Almost Family in a report on Friday, March 31st. BidaskClub cut shares of Almost Family from a “buy” rating to a “hold” rating in a report on Monday. Zacks Investment Research raised shares of Almost Family from a “sell” rating to a “hold” rating in a report on Monday, May 15th. Finally, Bank of America Corporation reissued a “neutral” rating and set a $57.00 target price (up previously from $52.00) on shares of Almost Family in a report on Wednesday, May 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Almost Family presently has a consensus rating of “Hold” and an average price target of $57.60.
Shares of Almost Family (NASDAQ:AFAM) traded down 12.96% during midday trading on Wednesday, reaching $49.35. 136,828 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $60.09 and its 200 day moving average is $52.24. Almost Family has a one year low of $35.21 and a one year high of $62.95. The firm has a market cap of $626.45 million, a PE ratio of 31.21 and a beta of 0.47.
In related news, Director Steven B. Bing sold 875 shares of the firm’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $49.35, for a total transaction of $43,181.25. Following the completion of the transaction, the director now owns 13,599 shares of the company’s stock, valued at $671,110.65. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider C Steven Guenthner sold 20,000 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $55.90, for a total transaction of $1,118,000.00. Following the transaction, the insider now directly owns 166,951 shares of the company’s stock, valued at approximately $9,332,560.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 76,942 shares of company stock valued at $4,350,980. 13.10% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AFAM. FMR LLC boosted its position in Almost Family by 33.5% in the first quarter. FMR LLC now owns 2,077,849 shares of the company’s stock worth $100,984,000 after buying an additional 521,870 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Almost Family by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 919,584 shares of the company’s stock worth $44,692,000 after buying an additional 46,958 shares during the last quarter. Vanguard Group Inc. boosted its position in Almost Family by 33.0% in the first quarter. Vanguard Group Inc. now owns 637,314 shares of the company’s stock worth $30,973,000 after buying an additional 157,955 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Almost Family by 1,571.9% in the first quarter. Goldman Sachs Group Inc. now owns 576,664 shares of the company’s stock worth $28,026,000 after buying an additional 542,172 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Almost Family by 403.9% in the first quarter. Ameriprise Financial Inc. now owns 575,146 shares of the company’s stock worth $27,952,000 after buying an additional 461,002 shares during the last quarter. 82.75% of the stock is owned by institutional investors.
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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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