$208.11 Million in Sales Expected for Almost Family Inc (AFAM) This Quarter
Equities research analysts expect Almost Family Inc (NASDAQ:AFAM) to report sales of $208.11 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Almost Family’s earnings, with the highest sales estimate coming in at $211.80 million and the lowest estimate coming in at $201.92 million. Almost Family posted sales of $160.42 million in the same quarter last year, which suggests a positive year-over-year growth rate of 29.7%. The business is expected to announce its next earnings results on Tuesday, November 7th.
According to Zacks, analysts expect that Almost Family will report full year sales of $208.11 million for the current year, with estimates ranging from $811.54 million to $824.10 million. For the next financial year, analysts expect that the company will post sales of $855.82 million per share, with estimates ranging from $844.07 million to $869.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Almost Family.
Almost Family (NASDAQ:AFAM) last issued its earnings results on Tuesday, August 8th. The company reported $0.56 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.56. The firm had revenue of $200.70 million for the quarter, compared to the consensus estimate of $205.48 million. Almost Family had a net margin of 2.43% and a return on equity of 7.09%. The business’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 earnings per share.
A number of analysts recently commented on the stock. BidaskClub cut shares of Almost Family from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada reiterated a “buy” rating and issued a $63.00 target price on shares of Almost Family in a research note on Tuesday, June 13th. Bank of America Corporation reiterated a “neutral” rating and issued a $57.00 target price (up from $52.00) on shares of Almost Family in a research note on Wednesday, May 17th. Robert W. Baird cut shares of Almost Family from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $55.00 to $64.00 in a research note on Monday, July 10th. Finally, Zacks Investment Research cut shares of Almost Family from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Almost Family presently has an average rating of “Hold” and an average price target of $57.60.
Almost Family (NASDAQ:AFAM) opened at 47.10 on Friday. The stock has a 50 day moving average of $55.16 and a 200 day moving average of $52.33. The company has a market cap of $646.07 million, a P/E ratio of 32.06 and a beta of 0.43. Almost Family has a 52 week low of $35.21 and a 52 week high of $62.95.
In related news, 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 value of $1,704,600.00. Following the completion of the sale, the chief executive officer now directly owns 430,794 shares in the company, valued at approximately $24,477,715.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John Shermyen sold 3,000 shares of Almost Family stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $61.61, for a total transaction of $184,830.00. Following the completion of the sale, the senior vice president now owns 81,864 shares of the company’s stock, valued at $5,043,641.04. The disclosure for this sale can be found here. Insiders sold a total of 66,067 shares of company stock valued at $3,741,299 over the last quarter. 13.10% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE raised its position in Almost Family by 68.4% in the second quarter. US Bancorp DE now owns 2,118 shares of the company’s stock worth $131,000 after buying an additional 860 shares in the last quarter. State of Alaska Department of Revenue raised its position 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 worth $145,000 after buying an additional 1,034 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position 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 worth $127,000 after buying an additional 640 shares in the last quarter. Dubuque Bank & Trust Co. acquired a new position in Almost Family during the first quarter worth about $135,000. Finally, Mason Street Advisors LLC raised its position in Almost Family by 43.0% in the first quarter. Mason Street Advisors LLC now owns 2,788 shares of the company’s stock worth $135,000 after buying an additional 839 shares in the last quarter. Institutional investors own 83.10% of the company’s stock.
About Almost Family
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.
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