Addus Homecare Co. (ADUS) Expected to Post Earnings of $0.46 Per Share

Wall Street brokerages expect Addus Homecare Co. (NASDAQ:ADUS) to report earnings per share (EPS) of $0.46 for the current quarter, according to Zacks. Four analysts have made estimates for Addus Homecare’s earnings, with estimates ranging from $0.44 to $0.48. Addus Homecare reported earnings of $0.42 per share during the same quarter last year, which would suggest a positive year over year growth rate of 9.5%. The firm is scheduled to announce its next earnings results after the market closes on Monday, May 6th.

On average, analysts expect that Addus Homecare will report full year earnings of $2.25 per share for the current fiscal year, with EPS estimates ranging from $2.19 to $2.30. For the next financial year, analysts expect that the firm will report earnings of $2.59 per share, with EPS estimates ranging from $2.41 to $2.71. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Addus Homecare.

Addus Homecare (NASDAQ:ADUS) last issued its quarterly earnings data on Monday, March 4th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.43 by $0.05. Addus Homecare had a net margin of 3.38% and a return on equity of 9.22%. The firm had revenue of $139.80 million for the quarter, compared to analyst estimates of $140.27 million.



Several brokerages have recently commented on ADUS. Zacks Investment Research upgraded shares of Addus Homecare from a “sell” rating to a “buy” rating and set a $73.00 price objective on the stock in a report on Monday, April 8th. ValuEngine lowered shares of Addus Homecare from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 4th. BidaskClub upgraded shares of Addus Homecare from a “hold” rating to a “buy” rating in a report on Thursday, March 21st. Finally, Robert W. Baird upgraded shares of Addus Homecare from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $72.00 to $75.00 in a report on Monday, February 4th. Ten investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average price target of $76.38.

Shares of ADUS stock opened at $63.13 on Thursday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.06. Addus Homecare has a one year low of $50.40 and a one year high of $77.82. The company has a market capitalization of $831.93 million, a PE ratio of 37.58, a P/E/G ratio of 2.04 and a beta of -0.21.

In other Addus Homecare news, EVP Darby Anderson sold 533 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $64.45, for a total transaction of $34,351.85. Following the sale, the executive vice president now directly owns 28,392 shares in the company, valued at approximately $1,829,864.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO R Dirk Allison sold 2,734 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $64.36, for a total transaction of $175,960.24. Following the completion of the sale, the chief executive officer now owns 50,463 shares in the company, valued at $3,247,798.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,829 shares of company stock worth $638,074. 34.80% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in ADUS. Martingale Asset Management L P grew its position in shares of Addus Homecare by 3.9% in the 3rd quarter. Martingale Asset Management L P now owns 32,103 shares of the company’s stock valued at $2,253,000 after buying an additional 1,200 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Addus Homecare by 24.9% in the third quarter. BlackRock Inc. now owns 731,017 shares of the company’s stock valued at $51,281,000 after acquiring an additional 145,736 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Addus Homecare by 47.8% in the third quarter. Renaissance Technologies LLC now owns 271,547 shares of the company’s stock valued at $19,049,000 after acquiring an additional 87,847 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Addus Homecare in the third quarter valued at about $251,000. Finally, BlueMountain Capital Management LLC purchased a new stake in shares of Addus Homecare in the third quarter valued at about $600,000. Institutional investors and hedge funds own 95.22% of the company’s stock.

Addus Homecare Company Profile

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. It operates in three segments: Personal Care, Hospice, and Home Health. The Personal Care segment provides non-medical assistance with activities of daily living.

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