Addus HomeCare Corp. (ADUS) Shares Up 11.1%
Addus HomeCare Corp. (NASDAQ:ADUS) shares shot up 11.1% during mid-day trading on Tuesday . The stock traded as high as $20.60 and last traded at $20.55, with a volume of 51,247 shares. The stock had previously closed at $18.49.
Several brokerages have issued reports on ADUS. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Addus HomeCare Corp. in a report on Tuesday, May 3rd. Robert W. Baird reiterated a “hold” rating on shares of Addus HomeCare Corp. in a report on Monday, May 16th.
The company has a market cap of $236.64 million and a P/E ratio of 24.82. The firm’s 50-day moving average price is $18.96 and its 200-day moving average price is $19.54.
Addus HomeCare Corp. (NASDAQ:ADUS) last released 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 company earned $100.90 million during the quarter, compared to the consensus estimate of $101.41 million. The company’s revenue was up 17.6% on a year-over-year basis. During the same period last year, the firm posted $0.30 EPS. Equities research analysts forecast that Addus HomeCare Corp. will post $1.27 EPS for the current fiscal year.
An institutional investor recently bought a new position in Addus HomeCare Corp. stock. Whitebox Advisors LLC bought a new position in shares of Addus HomeCare Corp. (NASDAQ:ADUS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 47,810 shares of the company’s stock, valued at approximately $1,113,000. Whitebox Advisors LLC owned about 0.43% of Addus HomeCare Corp. at the end of the most recent reporting period.
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.
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