$0.42 EPS Expected for Addus HomeCare Corporation (ADUS) This Quarter
Wall Street analysts expect Addus HomeCare Corporation (NASDAQ:ADUS) to report $0.42 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Addus HomeCare Corporation’s earnings, with the lowest EPS estimate coming in at $0.41 and the highest estimate coming in at $0.42. Addus HomeCare Corporation reported earnings of $0.39 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.7%. The firm is scheduled to announce its next quarterly earnings results on Monday, November 6th.
On average, analysts expect that Addus HomeCare Corporation will report full year earnings of $1.61 per share for the current financial year. For the next financial year, analysts anticipate that the company will post earnings of $1.89 per share, with EPS estimates ranging from $1.86 to $1.91. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Addus HomeCare Corporation.
Addus HomeCare Corporation (NASDAQ:ADUS) last announced its earnings results on Monday, August 7th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.01. The company had revenue of $103.60 million during the quarter, compared to analysts’ expectations of $104.39 million. Addus HomeCare Corporation had a net margin of 3.94% and a return on equity of 10.47%. Addus HomeCare Corporation’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.31 earnings per share.
A number of research analysts have recently issued reports on ADUS shares. Zacks Investment Research upgraded Addus HomeCare Corporation from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Friday, May 12th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $45.00 price target on shares of Addus HomeCare Corporation in a report on Tuesday, August 29th. BidaskClub downgraded Addus HomeCare Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. ValuEngine upgraded Addus HomeCare Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, Robert W. Baird reiterated a “hold” rating and issued a $40.00 price target on shares of Addus HomeCare Corporation in a report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Addus HomeCare Corporation currently has a consensus rating of “Hold” and an average target price of $41.33.
Shares of Addus HomeCare Corporation (ADUS) traded down 0.29% during midday trading on Thursday, hitting $34.20. 6,235 shares of the stock were exchanged. The firm has a market capitalization of $392.27 million, a price-to-earnings ratio of 24.41 and a beta of 0.23. Addus HomeCare Corporation has a 1-year low of $23.68 and a 1-year high of $40.75. The stock’s 50-day moving average price is $34.78 and its 200-day moving average price is $35.14.
In related news, insider Brenda A. Belger sold 6,250 shares of the business’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $38.58, for a total transaction of $241,125.00. Following the transaction, the insider now directly owns 17,331 shares in the company, valued at approximately $668,629.98. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 35.80% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in the stock. Mesirow Financial Investment Management Inc. purchased a new position in Addus HomeCare Corporation during the 2nd quarter worth $359,000. The Manufacturers Life Insurance Company lifted its position in Addus HomeCare Corporation by 8.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,614 shares of the company’s stock worth $246,000 after acquiring an additional 517 shares during the period. State Street Corp lifted its position in Addus HomeCare Corporation by 12.7% during the 2nd quarter. State Street Corp now owns 122,306 shares of the company’s stock worth $4,549,000 after acquiring an additional 13,788 shares during the period. Punch & Associates Investment Management Inc. lifted its position in Addus HomeCare Corporation by 16.3% during the 2nd quarter. Punch & Associates Investment Management Inc. now owns 164,800 shares of the company’s stock worth $6,131,000 after acquiring an additional 23,054 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Addus HomeCare Corporation by 5.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 867,298 shares of the company’s stock worth $32,264,000 after acquiring an additional 42,304 shares during the period. Hedge funds and other institutional investors own 93.13% of the company’s stock.
Addus HomeCare Corporation Company Profile
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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