Jefferies Group Analysts Cut Earnings Estimates for Almost Family Inc (AFAM)
Almost Family Inc (NASDAQ:AFAM) – Research analysts at Jefferies Group reduced their FY2017 earnings estimates for Almost Family in a research note issued to investors on Wednesday. Jefferies Group analyst B. Tanquilut now forecasts that the company will earn $2.16 per share for the year, down from their previous forecast of $2.17. Jefferies Group currently has a “Buy” rating and a $58.00 target price on the stock. Jefferies Group also issued estimates for Almost Family’s Q1 2018 earnings at $0.58 EPS, Q2 2018 earnings at $0.66 EPS and Q3 2018 earnings at $0.69 EPS.
Almost Family (NASDAQ:AFAM) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. Almost Family had a net margin of 2.02% and a return on equity of 6.12%. The company had revenue of $194.30 million for the quarter, compared to analyst estimates of $199.93 million. During the same quarter last year, the business earned $0.66 earnings per share. Almost Family’s revenue was up 21.1% compared to the same quarter last year. ILLEGAL ACTIVITY NOTICE: “Jefferies Group Analysts Cut Earnings Estimates for Almost Family Inc (AFAM)” was first reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another domain, it was stolen and reposted in violation of US & international trademark & copyright laws. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/11/10/jefferies-group-analysts-cut-earnings-estimates-for-almost-family-inc-afam.html.
Other equities research analysts have also issued research reports about the stock. ValuEngine upgraded shares of Almost Family from a “hold” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research lowered shares of Almost Family from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub lowered shares of Almost Family from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. J P Morgan Chase & Co raised their price target on shares of Almost Family to $59.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Robert W. Baird set a $55.00 price target on shares of Almost Family and gave the company a “hold” rating in a research note on Saturday, October 21st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $57.33.
Shares of Almost Family (NASDAQ AFAM) opened at $52.80 on Friday. Almost Family has a 12 month low of $39.34 and a 12 month high of $62.95. The company has a market cap of $753.41, a P/E ratio of 25.33, a price-to-earnings-growth ratio of 2.45 and a beta of 0.40. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.27.
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Almost Family by 4.7% in the second quarter. BlackRock Inc. now owns 1,524,387 shares of the company’s stock valued at $93,979,000 after acquiring an additional 68,221 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Almost Family by 7.6% during the second 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 in the last quarter. Vanguard Group Inc. boosted its holdings in Almost Family by 5.1% during the second 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 in the last quarter. Ameriprise Financial Inc. boosted its holdings in Almost Family by 15.6% during the second 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 in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Almost Family by 1.7% during the second quarter. Goldman Sachs Group Inc. now owns 586,370 shares of the company’s stock worth $36,150,000 after buying an additional 9,706 shares in the last quarter. Institutional investors and hedge funds own 86.83% of the company’s stock.
In other news, SVP John Shermyen sold 2,000 shares of the 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 completion of the transaction, the senior vice president now directly owns 79,864 shares in the company, valued at $4,152,928. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company 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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