Zacks: Brokerages Anticipate Almost Family Inc (AFAM) Will Announce Quarterly Sales of $202.17 Million
Brokerages expect that Almost Family Inc (NASDAQ:AFAM) will report sales of $202.17 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Almost Family’s earnings, with the lowest sales estimate coming in at $199.90 million and the highest estimate coming in at $204.70 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 26%. The company is scheduled to announce its next quarterly earnings results on Tuesday, November 7th.
According to Zacks, analysts expect that Almost Family will report full year sales of $202.17 million for the current year, with estimates ranging from $807.50 million to $817.60 million. For the next year, analysts anticipate that the firm will post sales of $849.22 million per share, with estimates ranging from $844.07 million to $855.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts 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 for the quarter, meeting the consensus estimate of $0.56. The company had revenue of $200.70 million during the quarter, compared to analysts’ expectations of $205.48 million. Almost Family had a return on equity of 7.09% and a net margin of 2.43%. Almost Family’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.61 EPS.
Several brokerages have weighed in on AFAM. BidaskClub cut Almost Family from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Robert W. Baird cut Almost Family from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $55.00 to $64.00 in a research note on Monday, July 10th. Zacks Investment Research raised Almost Family from a “sell” rating to a “hold” rating in a research note on Wednesday. Royal Bank Of Canada reissued a “buy” rating and set a $63.00 price objective on shares of Almost Family in a research note on Tuesday, June 13th. Finally, ValuEngine raised Almost Family from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Almost Family currently has a consensus rating of “Hold” and a consensus price target of $55.80.
In other Almost Family news, SVP John Shermyen sold 3,000 shares of the business’s 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 transaction, the senior vice president now owns 81,864 shares in the company, valued at $5,043,641.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 13.10% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the business. Wells Fargo & Company MN boosted its position in shares of Almost Family by 188.8% during the first quarter. Wells Fargo & Company MN now owns 23,048 shares of the company’s stock valued at $1,120,000 after buying an additional 15,067 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Almost Family by 8.2% during the first quarter. PNC Financial Services Group Inc. now owns 11,725 shares of the company’s stock valued at $570,000 after buying an additional 890 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Almost Family by 403.9% during the first quarter. Ameriprise Financial Inc. now owns 575,146 shares of the company’s stock valued at $27,952,000 after buying an additional 461,002 shares during the period. Principal Financial Group Inc. boosted its position in shares of Almost Family by 38.2% during the first quarter. Principal Financial Group Inc. now owns 91,132 shares of the company’s stock valued at $4,429,000 after buying an additional 25,190 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Almost Family by 32.0% during the first quarter. Bank of New York Mellon Corp now owns 138,184 shares of the company’s stock valued at $6,716,000 after buying an additional 33,528 shares during the period. Institutional investors and hedge funds own 85.48% of the company’s stock.
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.
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