Almost Family Inc (AFAM) Issues Quarterly Earnings Results
Almost Family Inc (NASDAQ:AFAM) posted its earnings results on Tuesday. The company reported $0.56 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.56, Bloomberg Earnings reports. The company had revenue of $200.70 million during the quarter, compared to analysts’ expectations of $205.48 million. Almost Family had a return on equity of 7.67% and a net margin of 2.59%. The firm’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 earnings per share.
Shares of Almost Family (NASDAQ:AFAM) traded down 0.74% during midday trading on Thursday, hitting $46.85. The stock had a trading volume of 4,571 shares. The stock has a market cap of $642.64 million, a P/E ratio of 31.89 and a beta of 0.43. The stock has a 50-day moving average price of $56.01 and a 200-day moving average price of $52.37. Almost Family has a 12-month low of $35.21 and a 12-month high of $62.95.
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Several equities research analysts have issued reports on the company. BidaskClub cut Almost Family from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada reissued a “buy” rating and set a $63.00 target price on shares of Almost Family in a research note on Tuesday, June 13th. 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 research note on Wednesday, May 17th. Robert W. Baird cut Almost Family from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $55.00 to $64.00 in a research note on Monday, July 10th. Finally, Zacks Investment Research cut Almost Family from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $57.60.
In related news, SVP John Shermyen sold 3,000 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $61.61, for a total value of $184,830.00. Following the completion of the sale, the senior vice president now directly owns 81,864 shares in the company, valued at approximately $5,043,641.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO William B. Yarmuth sold 30,000 shares of the stock in a transaction on Monday, May 15th. The shares were sold at an average price of $56.82, for a total value of $1,704,600.00. Following the completion of 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 90 days, insiders have sold 76,067 shares of company stock valued at $4,307,799. Insiders own 13.10% of the company’s stock.
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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