According to Zacks, “ADDUS HOMECARE is a comprehensive provider of a broad range of social and medical services in the home. The company’s services include personal care and assistance with activities of daily living, skilled nursing and rehabilitative therapies, and adult day care. Its consumers are individuals with special needs who are at risk of hospitalization or institutionalization, such as the elderly, chronically ill and disabled. Its payor clients include federal, state and local governmental agencies, the Veterans Health Administration, commercial insurers and private individuals. Addus operates its business through two divisions, home & community services and home health services. The home & community services are social, or non-medical, in nature and include assistance with bathing, grooming, dressing, personal hygiene and medication reminders, and other activities of daily living whereas the home health services are medical in nature and include physical, occupational and speech therapy, as well as skilled nursing. “
Addus HomeCare Corp. (NASDAQ:ADUS) opened at 26.70 on Tuesday. The company has a market cap of $303.34 million, a price-to-earnings ratio of 33.04 and a beta of 0.34. The stock has a 50 day moving average price of $24.58 and a 200-day moving average price of $20.47. Addus HomeCare Corp. has a 12-month low of $15.33 and a 12-month high of $38.08.
Addus HomeCare Corp. (NASDAQ:ADUS) last announced its earnings results on Monday, August 1st. The company reported $0.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.31. The business earned $100.90 million during the quarter, compared to analyst estimates of $101.41 million. Addus HomeCare Corp. had a net margin of 2.47% and a return on equity of 8.54%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 EPS. On average, analysts predict that Addus HomeCare Corp. will post $1.23 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in the stock. State Street Corp raised its stake in shares of Addus HomeCare Corp. by 2.9% in the first quarter. State Street Corp now owns 85,214 shares of the company’s stock worth $1,463,000 after buying an additional 2,382 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Addus HomeCare Corp. by 6.9% in the first quarter. Geode Capital Management LLC now owns 47,739 shares of the company’s stock worth $819,000 after buying an additional 3,090 shares in the last quarter. GSA Capital Partners LLP raised its stake in shares of Addus HomeCare Corp. by 27.6% in the second quarter. GSA Capital Partners LLP now owns 42,100 shares of the company’s stock worth $734,000 after buying an additional 9,100 shares in the last quarter. Brown Advisory Inc. raised its stake in shares of Addus HomeCare Corp. by 4.6% in the second quarter. Brown Advisory Inc. now owns 265,614 shares of the company’s stock worth $4,631,000 after buying an additional 11,753 shares in the last quarter. Finally, Lombardia Capital Partners LLC raised its stake in shares of Addus HomeCare Corp. by 21.7% in the second quarter. Lombardia Capital Partners LLC now owns 37,730 shares of the company’s stock worth $658,000 after buying an additional 6,727 shares in the last quarter. Institutional investors and hedge funds own 90.50% of the company’s stock.
About Addus HomeCare Corp.
Addus HomeCare Corporation is a provider of home and community-based personal care services, which are provided primarily in the home, and is focused on the dual eligible (Medicare/Medicaid) population. The Company’s services include non-medical care, such as personal care, home support services and adult day care.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Addus HomeCare Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Addus HomeCare Corp. and related companies with MarketBeat.com's FREE daily email newsletter.