Addus HomeCare Corporation (NASDAQ:ADUS) released its earnings results on Monday. The company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.01, Morningstar.com reports. Addus HomeCare Corporation had a return on equity of 10.64% and a net margin of 3.94%. The company had revenue of $103.60 million for the quarter, compared to analysts’ expectations of $104.39 million. During the same quarter in the previous year, the business posted $0.31 EPS. The business’s revenue for the quarter was up 2.7% on a year-over-year basis.

Addus HomeCare Corporation (NASDAQ ADUS) opened at 34.65 on Wednesday. The firm’s 50-day moving average price is $37.08 and its 200 day moving average price is $35.23. Addus HomeCare Corporation has a 1-year low of $18.57 and a 1-year high of $40.75. The stock has a market cap of $396.19 million, a PE ratio of 24.50 and a beta of 0.23.

In other Addus HomeCare Corporation news, insider Brenda A. Belger sold 689 shares of the stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $38.15, for a total value of $26,285.35. Following the completion of the sale, the insider now directly owns 12,086 shares in the company, valued at $461,080.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brenda A. Belger sold 6,250 shares of the stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $38.58, for a total value of $241,125.00. Following the completion of the sale, the insider now owns 17,331 shares of the company’s stock, valued at $668,629.98. The disclosure for this sale can be found here. Insiders sold 171,939 shares of company stock valued at $6,760,310 over the last 90 days. Corporate insiders own 35.80% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. increased its stake in shares of Addus HomeCare Corporation by 831.8% in the second quarter. Russell Investments Group Ltd. now owns 300,101 shares of the company’s stock valued at $11,165,000 after buying an additional 267,896 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Addus HomeCare Corporation by 309.4% in the first quarter. JPMorgan Chase & Co. now owns 259,283 shares of the company’s stock valued at $8,296,000 after buying an additional 195,948 shares during the period. Renaissance Technologies LLC increased its stake in shares of Addus HomeCare Corporation by 363.4% in the first quarter. Renaissance Technologies LLC now owns 57,000 shares of the company’s stock valued at $1,824,000 after buying an additional 44,700 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Addus HomeCare Corporation by 5.6% in the first quarter. Dimensional Fund Advisors LP now owns 824,994 shares of the company’s stock valued at $26,400,000 after buying an additional 43,588 shares during the period. Finally, Cadence Capital Management LLC acquired a new stake in shares of Addus HomeCare Corporation during the second quarter valued at about $1,265,000. Institutional investors own 94.37% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Addus HomeCare Corporation (ADUS) Announces Quarterly Earnings Results” was reported by Daily Political and is the sole property of of Daily Political. If you are reading this report on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this report can be read at https://www.dailypolitical.com/2017/08/09/addus-homecare-corporation-adus-announces-quarterly-earnings-results.html.

Several research firms have weighed in on ADUS. BidaskClub cut Addus HomeCare Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday. ValuEngine raised Addus HomeCare Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, Zacks Investment Research cut Addus HomeCare Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $37.50.

About Addus HomeCare Corporation

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.

Earnings History for Addus HomeCare Corporation (NASDAQ:ADUS)

Receive News & Ratings for Addus HomeCare Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Addus HomeCare Corporation and related companies with MarketBeat.com's FREE daily email newsletter.