Analysts expect Addus HomeCare Corporation (NASDAQ:ADUS) to post $109.24 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Addus HomeCare Corporation’s earnings, with the highest sales estimate coming in at $111.00 million and the lowest estimate coming in at $107.47 million. Addus HomeCare Corporation reported sales of $103.50 million in the same quarter last year, which would indicate a positive year over year growth rate of 5.5%. The business is expected to announce its next earnings results on Monday, November 6th.

On average, analysts expect that Addus HomeCare Corporation will report full year sales of $109.24 million for the current fiscal year, with estimates ranging from $422.15 million to $428.90 million. For the next year, analysts anticipate that the company will report sales of $455.63 million per share, with estimates ranging from $453.46 million to $457.80 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Addus HomeCare Corporation.

Addus HomeCare Corporation (NASDAQ:ADUS) last issued its earnings results on Monday, August 7th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. Addus HomeCare Corporation had a net margin of 3.94% and a return on equity of 10.47%. The business had revenue of $103.60 million during the quarter, compared to analysts’ expectations of $104.39 million. During the same quarter in the prior year, the business posted $0.31 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis.

Several analysts have recently commented on ADUS shares. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $45.00 price objective on shares of Addus HomeCare Corporation in a research note on Tuesday, August 29th. ValuEngine raised Addus HomeCare Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. BidaskClub downgraded Addus HomeCare Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Zacks Investment Research downgraded Addus HomeCare Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Robert W. Baird reissued a “hold” rating and issued a $40.00 price objective on shares of Addus HomeCare Corporation in a research note on Thursday, August 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $41.33.

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Several institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in shares of Addus HomeCare Corporation by 5.1% in the second quarter. Dimensional Fund Advisors LP now owns 867,298 shares of the company’s stock valued at $32,264,000 after acquiring an additional 42,304 shares in the last quarter. FMR LLC grew its holdings in shares of Addus HomeCare Corporation by 0.4% in the second quarter. FMR LLC now owns 707,448 shares of the company’s stock valued at $26,317,000 after acquiring an additional 3,138 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Addus HomeCare Corporation by 6.6% in the second quarter. Vanguard Group Inc. now owns 339,297 shares of the company’s stock valued at $12,622,000 after acquiring an additional 20,858 shares in the last quarter. Russell Investments Group Ltd. grew its holdings 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 acquiring an additional 267,896 shares in the last quarter. Finally, WCM Investment Management CA grew its holdings in shares of Addus HomeCare Corporation by 1.0% in the second quarter. WCM Investment Management CA now owns 288,932 shares of the company’s stock valued at $10,748,000 after acquiring an additional 2,885 shares in the last quarter. 93.18% of the stock is owned by hedge funds and other institutional investors.

Addus HomeCare Corporation (NASDAQ:ADUS) opened at 34.50 on Monday. The stock has a 50 day moving average of $34.58 and a 200 day moving average of $35.53. Addus HomeCare Corporation has a one year low of $24.40 and a one year high of $40.75. The firm has a market cap of $395.72 million, a PE ratio of 24.63 and a beta of 0.21.

Addus HomeCare Corporation Company Profile

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.

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