Almost Family Inc Forecasted to Earn Q4 2018 Earnings of $0.65 Per Share (AFAM)
Almost Family Inc (NASDAQ:AFAM) – Research analysts at SunTrust Banks raised their Q4 2018 EPS estimates for Almost Family in a note issued to investors on Wednesday. SunTrust Banks analyst D. Macdonald now forecasts that the company will post earnings of $0.65 per share for the quarter, up from their prior forecast of $0.64.
Almost Family (NASDAQ:AFAM) last announced its earnings results on Tuesday, August 8th. The company reported $0.56 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.56. The company had revenue of $200.70 million for the quarter, compared to analysts’ expectations of $205.48 million. Almost Family had a return on equity of 7.09% and a net margin of 2.43%. Almost Family’s quarterly revenue was up 28.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.61 earnings per share.
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Several other analysts also recently commented on the company. Zacks Investment Research upgraded Almost Family from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. Robert W. Baird downgraded Almost Family from an “outperform” rating to a “neutral” rating and increased their target price for the company from $55.00 to $64.00 in a research note on Monday, July 10th. Bank of America Corporation reiterated a “neutral” rating and set a $57.00 target price (up from $52.00) on shares of Almost Family in a research note on Wednesday, May 17th. BidaskClub downgraded Almost Family from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $63.00 target price on shares of Almost Family in a research note on Tuesday, June 13th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $57.60.
Almost Family (NASDAQ:AFAM) opened at 47.10 on Monday. The company’s 50 day moving average price is $55.16 and its 200 day moving average price is $52.33. Almost Family has a 12 month low of $35.21 and a 12 month high of $62.95. The stock has a market cap of $646.07 million, a PE ratio of 32.06 and a beta of 0.43.
Several institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased 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 period. FMR LLC increased 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 period. Ameriprise Financial Inc. increased 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 period. Gilder Gagnon Howe & Co. LLC increased its position in Almost Family by 196.6% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 372,329 shares of the company’s stock worth $18,095,000 after buying an additional 246,809 shares during the period. Finally, Tributary Capital Management LLC purchased a new position in Almost Family during the first quarter worth about $8,830,000. Hedge funds and other institutional investors own 83.94% of the company’s stock.
In other news, VP Jeff Reibel sold 2,700 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $56.40, for a total value of $152,280.00. Following the transaction, the vice president now directly owns 7,664 shares in the company, valued at approximately $432,249.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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 value of $1,118,000.00. Following the completion of the transaction, the insider now owns 166,951 shares in the company, valued at $9,332,560.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,067 shares of company stock worth $2,036,699. Company insiders own 13.10% of the company’s stock.
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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