$0.44 EPS Expected for Addus Homecare Co. (ADUS) This Quarter
Wall Street analysts predict that Addus Homecare Co. (NASDAQ:ADUS) will post earnings per share of $0.44 for the current quarter, Zacks reports. Two analysts have made estimates for Addus Homecare’s earnings. The highest EPS estimate is $0.44 and the lowest is $0.43. Addus Homecare reported earnings per share of $0.43 in the same quarter last year, which indicates a positive year-over-year growth rate of 2.3%. The company is expected to issue its next earnings report after the market closes on Monday, March 5th.
According to Zacks, analysts expect that Addus Homecare will report full year earnings of $1.58 per share for the current financial year, with EPS estimates ranging from $1.57 to $1.60. For the next financial year, analysts forecast that the firm will post earnings of $1.80 per share, with EPS estimates ranging from $1.67 to $1.91. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Addus Homecare.
ADUS has been the subject of several recent research reports. BidaskClub raised shares of Addus Homecare from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Zacks Investment Research raised shares of Addus Homecare from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Addus Homecare presently has an average rating of “Hold” and an average target price of $41.33.
In other Addus Homecare news, insider James Zoccoli sold 725 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $35.90, for a total value of $26,027.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Darby Anderson sold 1,014 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $34.25, for a total transaction of $34,729.50. Following the sale, the executive vice president now directly owns 27,590 shares of the company’s stock, valued at $944,957.50. The disclosure for this sale can be found here. Insiders sold 3,310 shares of company stock valued at $120,598 over the last three months. Insiders own 35.80% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of ADUS. TIAA CREF Investment Management LLC boosted its holdings in shares of Addus Homecare by 28.4% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 28,090 shares of the company’s stock worth $1,045,000 after buying an additional 6,215 shares during the period. Northern Trust Corp boosted its holdings in shares of Addus Homecare by 4.4% during the 2nd quarter. Northern Trust Corp now owns 139,906 shares of the company’s stock worth $5,204,000 after buying an additional 5,929 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Addus Homecare by 6.6% during the 2nd quarter. Vanguard Group Inc. now owns 339,297 shares of the company’s stock worth $12,622,000 after buying an additional 20,858 shares during the period. Parametric Portfolio Associates LLC bought a new stake in shares of Addus Homecare during the 2nd quarter worth $421,000. Finally, State Street Corp boosted its holdings in shares of Addus Homecare by 12.7% during the 2nd quarter. State Street Corp now owns 122,306 shares of the company’s stock worth $4,549,000 after buying an additional 13,788 shares during the period. 58.88% of the stock is owned by institutional investors and hedge funds.
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Addus Homecare 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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