Equities analysts predict that Amedisys, Inc. (NASDAQ:AMED) will post $567.44 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Amedisys’ earnings. The lowest sales estimate is $562.17 million and the highest is $574.88 million. Amedisys reported sales of $544.07 million during the same quarter last year, which indicates a positive year-over-year growth rate of 4.3%. The business is scheduled to issue its next earnings results on Wednesday, October 27th.
On average, analysts expect that Amedisys will report full year sales of $2.25 billion for the current financial year, with estimates ranging from $2.23 billion to $2.26 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $2.47 billion, with estimates ranging from $2.43 billion to $2.51 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Amedisys.
Amedisys (NASDAQ:AMED) last posted its quarterly earnings results on Wednesday, August 4th. The health services provider reported $1.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.02. Amedisys had a net margin of 11.25% and a return on equity of 28.55%. The firm had revenue of $564.17 million for the quarter, compared to analyst estimates of $565.48 million. During the same quarter last year, the firm posted $1.34 earnings per share. Amedisys’s revenue for the quarter was up 16.3% compared to the same quarter last year.
In other news, COO Christopher Gerard sold 1,250 shares of the business’s stock in a transaction on Monday, August 2nd. The shares were sold at an average price of $261.24, for a total transaction of $326,550.00. Following the completion of the transaction, the chief operating officer now owns 39,006 shares of the company’s stock, valued at $10,189,927.44. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Bruce D. Perkins sold 11,511 shares of the business’s stock in a transaction on Wednesday, September 1st. The shares were sold at an average price of $183.00, for a total transaction of $2,106,513.00. Following the transaction, the director now directly owns 29,380 shares of the company’s stock, valued at approximately $5,376,540. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Amedisys during the second quarter valued at $72,000. Eubel Brady & Suttman Asset Management Inc. acquired a new position in shares of Amedisys during the second quarter valued at $26,000. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Amedisys by 55.0% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 169 shares of the health services provider’s stock valued at $45,000 after acquiring an additional 60 shares during the period. Van ECK Associates Corp bought a new stake in shares of Amedisys during the first quarter valued at about $48,000. Finally, First Horizon Advisors Inc. raised its stake in shares of Amedisys by 38.0% during the first quarter. First Horizon Advisors Inc. now owns 247 shares of the health services provider’s stock valued at $65,000 after purchasing an additional 68 shares in the last quarter. 87.35% of the stock is owned by institutional investors.
AMED opened at $169.02 on Friday. The firm has a market capitalization of $5.52 billion, a P/E ratio of 22.69, a P/E/G ratio of 2.69 and a beta of 0.51. The firm’s 50 day moving average is $211.23 and its 200-day moving average is $244.56. Amedisys has a 52-week low of $166.01 and a 52-week high of $325.12. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.20.
Amedisys declared that its board has approved a share repurchase program on Wednesday, August 4th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the health services provider to reacquire up to 1.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.
Amedisys Company Profile
Amedisys, Inc engages in the provision of healthcare services. It operates through the following business segments: Home Health, Hospice, and Personal Care. The Home Health segment delivers services in the homes of individuals who may be recovering from an illness, injury, or surgery. The Hospice segment provides care that is designed to provide comfort and support for those who are facing a terminal illness.
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