FY2016 EPS Estimates for Almost Family Inc. Decreased by Analyst (AFAM)
Almost Family Inc. (NASDAQ:AFAM) – Analysts at Jefferies Group dropped their FY2016 earnings per share (EPS) estimates for shares of Almost Family in a research note issued to investors on Tuesday. Jefferies Group analyst B. Tanquilut now anticipates that the firm will post earnings of $2.53 per share for the year, down from their prior forecast of $2.70. Jefferies Group also issued estimates for Almost Family’s Q4 2016 earnings at $0.75 EPS and FY2017 earnings at $3.20 EPS.
Other analysts have also recently issued research reports about the stock. RBC Capital Markets upgraded shares of Almost Family from a “sector perform” rating to an “outperform” rating in a research report on Wednesday. Royal Bank Of Canada upgraded shares of Almost Family from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $48.00 to $55.00 in a research report on Wednesday. Finally, Zacks Investment Research upgraded shares of Almost Family from a “sell” rating to a “hold” rating in a research report on Tuesday, July 26th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $49.25.
Almost Family (NASDAQ:AFAM) traded up 3.55% during trading on Wednesday, hitting $42.25. 104,415 shares of the stock were exchanged. Almost Family has a 52 week low of $34.08 and a 52 week high of $45.17. The stock has a market cap of $429.13 million, a P/E ratio of 22.19 and a beta of 0.89. The stock has a 50 day moving average of $36.71 and a 200-day moving average of $39.88.
Almost Family (NASDAQ:AFAM) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.03. The company had revenue of $156 million for the quarter, compared to the consensus estimate of $155.19 million. Almost Family had a return on equity of 8.53% and a net margin of 3.29%. Almost Family’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period last year, the company earned $0.52 EPS.
In other Almost Family news, major shareholder North Tide Capital, Llc sold 36,200 shares of the business’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $40.42, for a total value of $1,463,204.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 13.10% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. boosted its position in Almost Family by 9.8% in the first quarter. Prudential Financial Inc. now owns 21,192 shares of the company’s stock worth $789,000 after buying an additional 1,900 shares during the last quarter. BlackRock Fund Advisors boosted its position in Almost Family by 2.1% in the first quarter. BlackRock Fund Advisors now owns 513,110 shares of the company’s stock worth $19,108,000 after buying an additional 10,646 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in Almost Family during the first quarter worth about $448,000. Capstone Asset Management Co. boosted its position in Almost Family by 25.2% in the second quarter. Capstone Asset Management Co. now owns 7,393 shares of the company’s stock worth $315,000 after buying an additional 1,490 shares during the last quarter. Finally, Foundry Partners LLC boosted its position in Almost Family by 0.3% in the second quarter. Foundry Partners LLC now owns 74,895 shares of the company’s stock worth $3,191,000 after buying an additional 225 shares during the last quarter. Hedge funds and other institutional investors own 76.93% of the company’s stock.
About Almost Family
Almost Family, Inc, along with its subsidiaries, is a provider of home health services. The Company has two divisions, which include Home Health Care and Healthcare Innovations. The Home Health Care division consists of two segments: Visiting Nurse Services (VN or Visiting Nurse) and Personal Care Services (PC or Personal Care).
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