Amedisys Inc (NASDAQ:AMED) Releases Earnings Results, Beats Estimates By $0.12 EPS
Amedisys Inc (NASDAQ:AMED) announced its earnings results on Wednesday. The health services provider reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.12, Bloomberg Earnings reports. The firm had revenue of $378.80 million during the quarter, compared to analysts’ expectations of $380.80 million. Amedisys had a return on equity of 12.60% and a net margin of 3.16%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 EPS.
Amedisys (AMED) traded down 3.51% on Thursday, hitting $46.98. The stock had a trading volume of 2,498,619 shares. The firm’s 50-day moving average is $61.28 and its 200-day moving average is $54.05. Amedisys has a 52-week low of $34.58 and a 52-week high of $65.91. The company has a market cap of $1.58 billion, a P/E ratio of 34.80 and a beta of 0.94.
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In related news, Director Jake L. Netterville sold 10,000 shares of Amedisys stock in a transaction on Friday, May 12th. The stock was sold at an average price of $60.00, for a total value of $600,000.00. Following the completion of the transaction, the director now directly owns 77,499 shares in the company, valued at $4,649,940. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Bruce D. Perkins bought 500 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The stock was bought at an average price of $59.69 per share, with a total value of $29,845.00. Following the completion of the acquisition, the director now owns 13,331 shares of the company’s stock, valued at approximately $795,727.39. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 56,828 shares of company stock valued at $3,350,922. 2.80% of the stock is currently owned by company insiders.
AMED has been the subject of a number of recent research reports. Zacks Investment Research cut Amedisys from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Jefferies Group LLC restated a “buy” rating and set a $57.00 price objective on shares of Amedisys in a report on Friday, April 28th. Mizuho upgraded Amedisys from a “neutral” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Wednesday, May 3rd. Royal Bank Of Canada restated a “hold” rating and set a $56.00 price objective on shares of Amedisys in a report on Monday, June 5th. Finally, Stephens boosted their price objective on Amedisys from $50.00 to $54.00 and gave the company an “equal weight” rating in a report on Thursday, May 4th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Amedisys presently has a consensus rating of “Buy” and an average price target of $56.50.
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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