Addus HomeCare Corporation (ADUS) Issues Earnings Results

Addus HomeCare Corporation (NASDAQ:ADUS) announced its quarterly earnings data on Monday, August 7th. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.01, Morningstar.com reports. Addus HomeCare Corporation had a net margin of 3.94% and a return on equity of 10.47%. The firm had revenue of $103.60 million for the quarter, compared to the consensus estimate of $104.39 million. During the same period in the previous year, the firm posted $0.31 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis.

Addus HomeCare Corporation (NASDAQ:ADUS) traded down 0.71% during midday trading on Friday, hitting $34.90. 46,583 shares of the stock traded hands. The firm’s 50 day moving average is $36.28 and its 200-day moving average is $35.26. Addus HomeCare Corporation has a 12-month low of $20.65 and a 12-month high of $40.75. The stock has a market capitalization of $400.30 million, a PE ratio of 24.91 and a beta of 0.23.

ADUS has been the subject of several recent research reports. Zacks Investment Research cut shares of Addus HomeCare Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. BidaskClub cut shares of Addus HomeCare Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, ValuEngine upgraded shares of Addus HomeCare Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. Addus HomeCare Corporation currently has a consensus rating of “Hold” and a consensus target price of $34.50.

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In other news, insider Brenda A. Belger sold 6,250 shares of Addus HomeCare Corporation stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $38.58, for a total value of $241,125.00. Following the sale, the insider now directly owns 17,331 shares in the company, valued at approximately $668,629.98. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Brenda A. Belger sold 689 shares of Addus HomeCare Corporation stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $38.15, for a total value of $26,285.35. Following the completion of the sale, the insider now owns 12,086 shares in the company, valued at $461,080.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,939 shares of company stock worth $456,310. Corporate insiders own 35.80% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Stoneridge Investment Partners LLC purchased a new stake in Addus HomeCare Corporation during the first quarter valued at $286,000. Bowling Portfolio Management LLC purchased a new stake in Addus HomeCare Corporation during the first quarter valued at $576,000. Wells Fargo & Company MN raised its stake in Addus HomeCare Corporation by 9.7% in the first quarter. Wells Fargo & Company MN now owns 48,112 shares of the company’s stock valued at $1,539,000 after buying an additional 4,258 shares in the last quarter. Punch & Associates Investment Management Inc. raised its stake in Addus HomeCare Corporation by 14.5% in the first quarter. Punch & Associates Investment Management Inc. now owns 141,746 shares of the company’s stock valued at $4,536,000 after buying an additional 17,995 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Addus HomeCare Corporation by 775.8% in the first quarter. Russell Investments Group Ltd. now owns 32,205 shares of the company’s stock valued at $1,030,000 after buying an additional 28,528 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.

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.

Earnings History for Addus HomeCare Corporation (NASDAQ:ADUS)

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