$198.29 Million in Sales Expected for Almost Family Inc (AFAM) This Quarter
Equities research analysts expect Almost Family Inc (NASDAQ:AFAM) to announce sales of $198.29 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Almost Family’s earnings. The highest sales estimate is $202.00 million and the lowest is $194.13 million. Almost Family posted sales of $160.42 million in the same quarter last year, which suggests a positive year-over-year growth rate of 23.6%. The firm is scheduled to announce its next earnings results on Tuesday, November 7th.
According to Zacks, analysts expect that Almost Family will report full year sales of $198.29 million for the current fiscal year, with estimates ranging from $798.64 million to $812.24 million. For the next financial year, analysts forecast that the firm will post sales of $844.04 million per share, with estimates ranging from $836.15 million to $855.10 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Almost Family.
Almost Family (NASDAQ:AFAM) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.56 EPS for the quarter, hitting the consensus estimate of $0.56. Almost Family had a net margin of 2.43% and a return on equity of 7.09%. The firm had revenue of $200.70 million during the quarter, compared to analyst estimates of $205.48 million. During the same quarter in the prior year, the business posted $0.61 earnings per share. Almost Family’s revenue for the quarter was up 28.7% compared to the same quarter last year.
AFAM has been the subject of several research reports. Robert W. Baird set a $55.00 price target on shares of Almost Family and gave the stock a “hold” rating in a report on Saturday, October 21st. Zacks Investment Research cut shares of Almost Family from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. ValuEngine upgraded shares of Almost Family from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Royal Bank Of Canada restated a “buy” rating on shares of Almost Family in a report on Wednesday, October 11th. Finally, SunTrust Banks, Inc. set a $52.00 price target on shares of Almost Family and gave the stock a “hold” rating in a report on Monday, October 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $56.50.
Almost Family (NASDAQ:AFAM) opened at 45.25 on Friday. Almost Family has a 12 month low of $36.75 and a 12 month high of $62.95. The company’s 50-day moving average is $48.59 and its 200 day moving average is $52.47. The firm has a market cap of $620.69 million, a price-to-earnings ratio of 30.80 and a beta of 0.47.
In other news, SVP John Shermyen sold 2,000 shares of Almost Family stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $52.00, for a total value of $104,000.00. Following the transaction, the senior vice president now owns 79,864 shares of the company’s stock, valued at $4,152,928. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 13.10% of the company’s stock.
Several large investors have recently added to or reduced their stakes in AFAM. Goldman Sachs Group Inc. raised its position in shares of Almost Family by 1,571.9% in the first quarter. Goldman Sachs Group Inc. now owns 576,664 shares of the company’s stock valued at $28,026,000 after purchasing an additional 542,172 shares during the period. Vanguard Group Inc. raised its position in shares of Almost Family by 33.0% in the first quarter. Vanguard Group Inc. now owns 637,314 shares of the company’s stock valued at $30,973,000 after purchasing an additional 157,955 shares during the period. Summit Creek Advisors LLC bought a new position in shares of Almost Family in the third quarter valued at approximately $7,810,000. Capital Research Global Investors raised its position in shares of Almost Family by 46.0% in the second quarter. Capital Research Global Investors now owns 457,000 shares of the company’s stock valued at $28,174,000 after purchasing an additional 144,000 shares during the period. Finally, State Street Corp raised its position in shares of Almost Family by 43.4% in the first quarter. State Street Corp now owns 321,682 shares of the company’s stock valued at $15,638,000 after purchasing an additional 97,392 shares during the period. 86.53% of the stock is currently owned by institutional investors.
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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