Wall Street brokerages predict that Addus Homecare Co. (NASDAQ:ADUS) will report earnings of $0.51 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Addus Homecare’s earnings, with estimates ranging from $0.49 to $0.53. Addus Homecare posted earnings per share of $0.38 in the same quarter last year, which would indicate a positive year-over-year growth rate of 34.2%. The company is expected to report its next quarterly earnings results on Monday, August 6th.
According to Zacks, analysts expect that Addus Homecare will report full year earnings of $2.24 per share for the current fiscal year, with EPS estimates ranging from $2.14 to $2.30. For the next financial year, analysts forecast that the firm will report earnings of $2.57 per share, with EPS estimates ranging from $2.45 to $2.79. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Addus Homecare.
Get Addus Homecare alerts:
Addus Homecare (NASDAQ:ADUS) last announced its quarterly earnings results on Monday, May 7th. The company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.03. Addus Homecare had a return on equity of 10.04% and a net margin of 3.28%. The company had revenue of $109.45 million during the quarter, compared to analysts’ expectations of $111.25 million.
Several brokerages recently issued reports on ADUS. Zacks Investment Research lowered Addus Homecare from a “buy” rating to a “strong sell” rating in a research report on Monday, June 11th. BidaskClub lowered Addus Homecare from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 8th. ValuEngine raised Addus Homecare from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Stephens set a $56.00 target price on Addus Homecare and gave the stock a “buy” rating in a research report on Monday, April 2nd. Finally, Robert W. Baird set a $43.00 target price on Addus Homecare and gave the stock a “hold” rating in a research report on Wednesday, March 14th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Addus Homecare presently has an average rating of “Buy” and an average target price of $51.00.
In related news, CFO Brian Poff sold 613 shares of the firm’s stock in a transaction on Thursday, May 10th. The stock was sold at an average price of $52.95, for a total transaction of $32,458.35. Following the completion of the transaction, the chief financial officer now directly owns 22,770 shares of the company’s stock, valued at approximately $1,205,671.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 34.80% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the company. MetLife Investment Advisors LLC bought a new position in shares of Addus Homecare in the 4th quarter worth about $146,000. Dorsey & Whitney Trust CO LLC bought a new position in shares of Addus Homecare in the 1st quarter worth about $211,000. Connors Investor Services Inc. bought a new position in shares of Addus Homecare in the 1st quarter worth about $234,000. Goldman Sachs Group Inc. bought a new position in shares of Addus Homecare in the 4th quarter worth about $258,000. Finally, Monarch Partners Asset Management LLC bought a new position in shares of Addus Homecare in the 1st quarter worth about $423,000. 89.98% of the stock is owned by hedge funds and other institutional investors.
Shares of Addus Homecare traded up $1.05, reaching $59.00, during trading hours on Friday, according to Marketbeat. The stock had a trading volume of 128,196 shares, compared to its average volume of 66,988. The stock has a market capitalization of $667.05 million, a price-to-earnings ratio of 40.69, a PEG ratio of 1.91 and a beta of -0.52. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.01 and a current ratio of 3.01. Addus Homecare has a 12 month low of $30.95 and a 12 month high of $58.80.
About Addus Homecare
Addus HomeCare Corporation provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States. The company's personal care services offer assistance with activities of daily living. Its services include assistance with bathing, grooming, oral care, assistance with feeding and dressing, medication reminders, meal planning and preparation, housekeeping, and transportation services, as well as other activities of daily living.
Get a free copy of the Zacks research report on Addus Homecare (ADUS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com