Almost Family Inc (NASDAQ:AFAM) – Stock analysts at Jefferies Group lowered their Q3 2017 earnings per share (EPS) estimates for Almost Family in a report issued on Wednesday. Jefferies Group analyst B. Tanquilut now forecasts that the company will post earnings of $0.59 per share for the quarter, down from their prior estimate of $0.73. Jefferies Group also issued estimates for Almost Family’s Q4 2017 earnings at $0.70 EPS.
A number of other analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Almost Family from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. Robert W. Baird cut shares of Almost Family from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $55.00 to $64.00 in a research note on Monday, July 10th. Bank of America Corporation restated a “neutral” rating and set a $57.00 target price (up previously from $52.00) on shares of Almost Family in a research note on Wednesday, May 17th. Royal Bank Of Canada restated a “buy” rating and set a $63.00 target price on shares of Almost Family in a research note on Tuesday, June 13th. Finally, BidaskClub cut shares of Almost Family from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $57.60.
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Almost Family (NASDAQ:AFAM) opened at 47.20 on Thursday. The stock’s 50 day moving average is $56.01 and its 200-day moving average is $52.37. Almost Family has a 12 month low of $35.21 and a 12 month high of $62.95. The firm has a market cap of $599.16 million, a price-to-earnings ratio of 29.85 and a beta of 0.43.
Almost Family (NASDAQ:AFAM) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.01. The business had revenue of $200.70 million during the quarter, compared to analyst estimates of $205.48 million. Almost Family had a net margin of 2.59% and a return on equity of 7.67%. The firm’s revenue for the quarter was up 28.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 earnings per share.
A number of hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN boosted its stake in shares of Almost Family by 188.8% in the first quarter. Wells Fargo & Company MN now owns 23,048 shares of the company’s stock valued at $1,120,000 after buying an additional 15,067 shares during the period. State Street Corp boosted its stake in shares of Almost Family by 16.9% in the fourth quarter. State Street Corp now owns 224,290 shares of the company’s stock valued at $9,892,000 after buying an additional 32,357 shares during the period. First National Bank of Omaha acquired a new stake in shares of Almost Family during the first quarter valued at $771,000. PNC Financial Services Group Inc. boosted its stake in shares of Almost Family by 8.2% in the first quarter. PNC Financial Services Group Inc. now owns 11,725 shares of the company’s stock valued at $570,000 after buying an additional 890 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Almost Family by 403.9% in the first quarter. Ameriprise Financial Inc. now owns 575,146 shares of the company’s stock valued at $27,952,000 after buying an additional 461,002 shares during the period. Institutional investors and hedge funds own 83.10% of the company’s stock.
In other Almost Family news, VP Jeff Reibel sold 2,700 shares of Almost Family stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $56.40, for a total value of $152,280.00. Following the completion of the sale, the vice president now owns 7,664 shares in the company, valued at approximately $432,249.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William B. Yarmuth sold 30,000 shares of Almost Family stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $56.82, for a total transaction of $1,704,600.00. Following the completion of the sale, the chief executive officer now owns 430,794 shares of the company’s stock, valued at approximately $24,477,715.08. The disclosure for this sale can be found here. Insiders sold a total of 76,067 shares of company stock valued at $4,307,799 in the last quarter. Corporate insiders own 13.10% of the company’s stock.
About Almost Family
Almost Family, Inc is a provider of home healthcare services. The Company has two divisions: Home Health and Healthcare Innovations (HCI). The Home Health division consists of two segments: Visiting Nurse Services (VN or Visiting Nurse) and Personal Care Services (PC or Personal Care). The VN segment provides a range of Medicare-certified home health nursing services to patients in need of recuperative care, following a period of hospitalization or care in another type of inpatient facility.
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