Almost Family Inc (AFAM) Expected to Post Earnings of $0.61 Per Share
Wall Street brokerages expect that Almost Family Inc (NASDAQ:AFAM) will announce earnings of $0.61 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Almost Family’s earnings. The highest EPS estimate is $0.67 and the lowest is $0.57. Almost Family posted earnings of $0.66 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 7.6%. The business is expected to announce its next earnings report on Tuesday, November 7th.
On average, analysts expect that Almost Family will report full year earnings of $2.35 per share for the current financial year, with EPS estimates ranging from $2.25 to $2.45. For the next year, analysts forecast that the business will report earnings of $2.59 per share, with EPS estimates ranging from $2.50 to $2.66. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Almost Family.
Almost Family (NASDAQ:AFAM) last posted its earnings results on Tuesday, August 8th. The company reported $0.56 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.56. The business had revenue of $200.70 million for the quarter, compared to analyst estimates of $205.48 million. Almost Family had a net margin of 2.43% and a return on equity of 7.72%. Almost Family’s revenue was up 28.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 EPS.
Several equities analysts have weighed in on the stock. Robert W. Baird downgraded shares of Almost Family from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $55.00 to $64.00 in a report on Monday, July 10th. BidaskClub downgraded shares of Almost Family from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $63.00 price target on shares of Almost Family in a report on Tuesday, June 13th. Bank of America Corporation reiterated a “neutral” rating and set a $57.00 price objective (up previously from $52.00) on shares of Almost Family in a research report on Wednesday, May 17th. Finally, Zacks Investment Research cut shares of Almost Family from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $57.60.
In other news, insider C Steven Guenthner sold 20,000 shares of Almost Family stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $55.90, for a total transaction of $1,118,000.00. Following the sale, the insider now owns 166,951 shares in the company, valued at $9,332,560.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO William B. Yarmuth sold 30,000 shares of Almost Family stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $56.82, for a total transaction of $1,704,600.00. Following the sale, the chief executive officer now owns 430,794 shares in the company, valued at approximately $24,477,715.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,067 shares of company stock worth $3,741,299. Company insiders own 13.10% of the company’s stock.
Several large investors have recently added to or reduced their stakes in AFAM. US Bancorp DE boosted its stake in Almost Family by 68.4% in the second quarter. US Bancorp DE now owns 2,118 shares of the company’s stock valued at $131,000 after buying an additional 860 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Almost Family by 78.3% in the second quarter. State of Alaska Department of Revenue now owns 2,354 shares of the company’s stock valued at $145,000 after buying an additional 1,034 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Almost Family by 32.3% in the first quarter. Municipal Employees Retirement System of Michigan now owns 2,620 shares of the company’s stock valued at $127,000 after buying an additional 640 shares during the last quarter. Dubuque Bank & Trust Co. bought a new stake in Almost Family during the first quarter valued at about $135,000. Finally, Mason Street Advisors LLC boosted its stake in Almost Family by 43.0% in the first quarter. Mason Street Advisors LLC now owns 2,788 shares of the company’s stock valued at $135,000 after buying an additional 839 shares during the last quarter. Hedge funds and other institutional investors own 83.10% of the company’s stock.
Almost Family (NASDAQ:AFAM) traded up 0.21% during mid-day trading on Friday, reaching $47.10. 137,875 shares of the company were exchanged. Almost Family has a one year low of $35.21 and a one year high of $62.95. The stock has a market capitalization of $646.07 million, a price-to-earnings ratio of 32.06 and a beta of 0.43. The stock has a 50 day moving average of $55.16 and a 200-day moving average of $52.33.
Almost Family Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Almost Family Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Almost Family Inc and related companies with MarketBeat.com's FREE daily email newsletter.