Wall Street brokerages expect Addus Homecare Co. (NASDAQ:ADUS) to report earnings of $0.39 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Addus Homecare’s earnings. Addus Homecare reported earnings of $0.34 per share in the same quarter last year, which suggests a positive year over year growth rate of 14.7%. The firm is expected to report its next quarterly earnings results on Monday, May 14th.
On average, analysts expect that Addus Homecare will report full-year earnings of $1.86 per share for the current financial year, with EPS estimates ranging from $1.81 to $1.91. For the next financial year, analysts anticipate that the firm will report earnings of $2.04 per share. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Addus Homecare.
A number of analysts have weighed in on ADUS shares. BidaskClub raised Addus Homecare from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. Zacks Investment Research raised Addus Homecare from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Addus Homecare has an average rating of “Hold” and an average target price of $41.33.
In other news, EVP Darby Anderson sold 1,014 shares of Addus Homecare stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $34.25, for a total value of $34,729.50. Following the transaction, the executive vice president now directly owns 27,590 shares in the company, valued at $944,957.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian Poff sold 1,240 shares of Addus Homecare stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $34.06, for a total value of $42,234.40. Following the completion of the transaction, the chief financial officer now owns 24,623 shares in the company, valued at $838,659.38. The disclosure for this sale can be found here. Insiders sold 6,226 shares of company stock valued at $219,871 in the last ninety days. Insiders own 35.80% of the company’s stock.
Several institutional investors have recently bought and sold shares of ADUS. WCM Investment Management CA increased its stake in shares of Addus Homecare by 34.8% in the fourth quarter. WCM Investment Management CA now owns 396,440 shares of the company’s stock worth $13,796,000 after purchasing an additional 102,388 shares during the period. Cortina Asset Management LLC increased its stake in shares of Addus Homecare by 12.6% in the third quarter. Cortina Asset Management LLC now owns 609,003 shares of the company’s stock worth $21,498,000 after purchasing an additional 68,010 shares during the period. Paradigm Capital Management Inc. NY bought a new position in shares of Addus Homecare in the third quarter worth about $1,385,000. Millennium Management LLC bought a new position in shares of Addus Homecare in the fourth quarter worth about $1,127,000. Finally, Vanguard Group Inc. increased its stake in shares of Addus Homecare by 6.6% in the second quarter. Vanguard Group Inc. now owns 339,297 shares of the company’s stock worth $12,622,000 after purchasing an additional 20,858 shares during the period. Institutional investors and hedge funds own 58.88% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This news story was originally reported by Ticker Report and is owned by of Ticker Report. If you are reading this news story on another website, it was stolen and reposted in violation of international copyright laws. The correct version of this news story can be read at https://www.tickerreport.com/banking-finance/3254218/0-39-earnings-per-share-expected-for-addus-homecare-co-adus-this-quarter.html.
Addus Homecare Company Profile
Addus HomeCare Corporation is a provider of personal care services, which are provided primarily in the home. The Company’s personal care services include assistance with bathing, grooming, oral care, skincare, assistance with feeding and dressing, medication reminders, meal planning and preparation, housekeeping and transportation services and other activities of daily living.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Addus Homecare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Addus Homecare and related companies with MarketBeat.com's FREE daily email newsletter.