Zacks: Brokerages Anticipate Chemed Co. (CHE) to Announce $2.28 Earnings Per Share
Brokerages forecast that Chemed Co. (NYSE:CHE) will report $2.28 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Chemed’s earnings. The lowest EPS estimate is $2.27 and the highest is $2.28. Chemed reported earnings of $2.10 per share during the same quarter last year, which would suggest a positive year over year growth rate of 8.6%. The firm is expected to issue its next quarterly earnings report on Wednesday, February 21st.
According to Zacks, analysts expect that Chemed will report full-year earnings of $8.39 per share for the current financial year, with EPS estimates ranging from $8.38 to $8.39. For the next fiscal year, analysts anticipate that the company will post earnings of $8.94 per share, with EPS estimates ranging from $8.76 to $9.12. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Chemed.
Chemed (NYSE:CHE) last released its quarterly earnings data on Thursday, October 26th. The company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. Chemed had a net margin of 4.62% and a return on equity of 27.69%. The firm had revenue of $417.40 million for the quarter, compared to analysts’ expectations of $414.34 million. During the same quarter in the previous year, the company earned $1.73 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year.
In related news, insider David Patrick Williams sold 11,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $241.28, for a total transaction of $2,654,080.00. Following the transaction, the insider now owns 74,857 shares in the company, valued at $18,061,496.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Patrick P. Grace sold 500 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $201.48, for a total transaction of $100,740.00. Following the transaction, the director now owns 4,515 shares in the company, valued at approximately $909,682.20. The disclosure for this sale can be found here. Insiders have sold 46,179 shares of company stock worth $10,729,699 in the last quarter. 4.90% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in Chemed by 111.5% during the third quarter. JPMorgan Chase & Co. now owns 182,551 shares of the company’s stock worth $36,125,000 after acquiring an additional 96,237 shares in the last quarter. Voya Investment Management LLC boosted its stake in Chemed by 39.7% during the second quarter. Voya Investment Management LLC now owns 214,764 shares of the company’s stock worth $43,926,000 after acquiring an additional 61,056 shares in the last quarter. Old Mutual Global Investors UK Ltd. boosted its stake in Chemed by 173.5% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 95,212 shares of the company’s stock worth $19,237,000 after acquiring an additional 60,399 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Chemed by 248.5% during the second quarter. Renaissance Technologies LLC now owns 70,400 shares of the company’s stock worth $14,399,000 after acquiring an additional 50,200 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Chemed by 1.9% during the second quarter. Vanguard Group Inc. now owns 1,830,711 shares of the company’s stock worth $374,435,000 after acquiring an additional 34,938 shares in the last quarter. Institutional investors own 97.75% of the company’s stock.
Chemed (CHE) traded up $0.45 during mid-day trading on Wednesday, hitting $235.21. 125,100 shares of the company’s stock were exchanged, compared to its average volume of 94,732. Chemed has a 12-month low of $152.01 and a 12-month high of $251.00. The stock has a market capitalization of $3,748.18, a PE ratio of 28.91, a price-to-earnings-growth ratio of 4.96 and a beta of 1.16. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.50 and a quick ratio of 0.48.
The business also recently declared a quarterly dividend, which was paid on Monday, December 4th. Investors of record on Monday, November 13th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend was Friday, November 10th. Chemed’s dividend payout ratio is currently 24.89%.
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Chemed Corporation purchases, operates and divests subsidiaries engaged in various business activities. The Company operates through two segments: the VITAS segment (VITAS) and the Roto-Rooter segment (Roto-Rooter). The Company’s VITAS provides hospice and palliative care services to its patients through a network of physicians, registered nurses, home health aides, social workers, clergy and volunteers.
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