Jefferies Group Equities Analysts Cut Earnings Estimates for Almost Family Inc (AFAM)
Almost Family Inc (NASDAQ:AFAM) – Stock analysts at Jefferies Group decreased their Q3 2017 earnings estimates for Almost Family in a report released on Monday. Jefferies Group analyst B. Tanquilut now forecasts that the company will earn $0.44 per share for the quarter, down from their prior estimate of $0.59. Jefferies Group also issued estimates for Almost Family’s FY2017 earnings at $2.17 EPS.
Almost Family (NASDAQ:AFAM) last issued its quarterly earnings data 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. Almost Family had a net margin of 2.43% and a return on equity of 7.09%. The company had revenue of $200.70 million during the quarter, compared to the consensus estimate of $205.48 million. During the same quarter last year, the company earned $0.61 earnings per share. Almost Family’s revenue for the quarter was up 28.7% on a year-over-year basis.
A number of other brokerages also recently weighed in on AFAM. Zacks Investment Research downgraded Almost Family from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Robert W. Baird reissued a “hold” rating and issued a $55.00 price objective on shares of Almost Family in a research note on Tuesday, September 19th. ValuEngine raised Almost Family from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Royal Bank Of Canada reissued a “buy” rating on shares of Almost Family in a research note on Wednesday. Finally, BidaskClub downgraded Almost Family from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $57.40.
Shares of Almost Family (NASDAQ AFAM) opened at 46.55 on Wednesday. Almost Family has a 12 month low of $36.25 and a 12 month high of $62.95. The firm has a 50-day moving average of $48.96 and a 200 day moving average of $52.61. The firm has a market cap of $638.53 million, a P/E ratio of 31.69 and a beta of 0.47.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC increased its position in Almost Family by 33.5% in the 1st 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. BlackRock Inc. increased its position in Almost Family by 4.7% in the 2nd quarter. BlackRock Inc. now owns 1,524,387 shares of the company’s stock worth $93,979,000 after buying an additional 68,221 shares during the period. Dimensional Fund Advisors LP increased its position in Almost Family by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 989,076 shares of the company’s stock worth $60,976,000 after buying an additional 69,492 shares during the period. Vanguard Group Inc. increased its position in Almost Family by 5.1% in the 2nd quarter. Vanguard Group Inc. now owns 669,541 shares of the company’s stock worth $41,277,000 after buying an additional 32,227 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Almost Family by 15.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 664,973 shares of the company’s stock worth $40,997,000 after buying an additional 89,827 shares during the period. 85.48% of the stock is currently owned by institutional investors.
In related news, SVP John Shermyen sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $52.00, for a total value of $104,000.00. Following the transaction, the senior vice president now directly owns 79,864 shares of the company’s stock, valued at approximately $4,152,928. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.10% of the stock is currently owned by company insiders.
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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