Addus HomeCare Corporation (ADUS) Releases Earnings Results, Beats Estimates By $0.01 EPS
Addus HomeCare Corporation (NASDAQ:ADUS) released its quarterly earnings data on Monday. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.01, Morningstar.com reports. Addus HomeCare Corporation had a net margin of 3.94% and a return on equity of 10.29%. The firm had revenue of $103.60 million for the quarter, compared to the consensus estimate of $104.39 million. During the same period last year, the firm earned $0.31 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis.
Shares of Addus HomeCare Corporation (ADUS) traded down 3.78% during midday trading on Tuesday, reaching $33.05. 5,372 shares of the company’s stock traded hands. The stock has a market capitalization of $377.89 million, a P/E ratio of 23.37 and a beta of 0.23. Addus HomeCare Corporation has a 1-year low of $18.57 and a 1-year high of $40.75. The firm’s 50-day moving average price is $37.30 and its 200 day moving average price is $35.25.
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In related news, insider Brenda A. Belger sold 689 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $38.15, for a total value of $26,285.35. Following the completion of the sale, the insider now owns 12,086 shares of the company’s stock, valued at approximately $461,080.90. The sale was disclosed in a document filed with the SEC, 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 completion of the sale, the director now directly owns 15,787 shares of the company’s stock, valued at approximately $622,007.80. The disclosure for this sale can be found here. In the last three months, insiders sold 172,628 shares of company stock valued at $6,788,008. 35.80% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in ADUS. Highbridge Capital Management LLC purchased a new stake in shares of Addus HomeCare Corporation during the first quarter valued at approximately $238,000. State Street Corp boosted its stake in shares of Addus HomeCare Corporation by 15.7% in the fourth quarter. State Street Corp now owns 105,262 shares of the company’s stock valued at $3,691,000 after buying an additional 14,287 shares during the last quarter. Algert Global LLC purchased a new stake in shares of Addus HomeCare Corporation during the first quarter valued at approximately $386,000. Teachers Advisors LLC boosted its stake in shares of Addus HomeCare Corporation by 29.5% in the fourth quarter. Teachers Advisors LLC now owns 14,596 shares of the company’s stock valued at $512,000 after buying an additional 3,326 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Addus HomeCare Corporation during the fourth quarter valued at approximately $130,000. 94.37% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently issued reports on ADUS shares. Zacks Investment Research downgraded shares of Addus HomeCare Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. BidaskClub downgraded shares of Addus HomeCare Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, ValuEngine upgraded shares of Addus HomeCare Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $37.50.
About Addus HomeCare Corporation
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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