Brokerages forecast that Addus HomeCare Corporation (NASDAQ:ADUS) will report earnings per share of $0.42 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Addus HomeCare Corporation’s earnings, with the lowest EPS estimate coming in at $0.41 and the highest estimate coming in at $0.42. Addus HomeCare Corporation reported earnings of $0.39 per share during the same quarter last year, which would suggest a positive year over year growth rate of 7.7%. The business is scheduled to report its next earnings results after the market closes on Monday, November 6th.
According to Zacks, analysts expect that Addus HomeCare Corporation will report full year earnings of $1.60 per share for the current year, with EPS estimates ranging from $1.59 to $1.61. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.82 per share, with EPS estimates ranging from $1.68 to $1.91. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Addus HomeCare Corporation.
A number of equities research analysts have commented on ADUS shares. Robert W. Baird reiterated a “hold” rating and set a $40.00 target price on shares of Addus HomeCare Corporation in a report on Thursday, August 24th. Zacks Investment Research cut Addus HomeCare Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 18th. ValuEngine upgraded Addus HomeCare Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. BidaskClub cut Addus HomeCare Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and set a $45.00 price objective on shares of Addus HomeCare Corporation in a report on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Addus HomeCare Corporation presently has an average rating of “Hold” and an average price target of $41.33.
Hedge funds have recently bought and sold shares of the company. Highbridge Capital Management LLC acquired a new stake in shares of Addus HomeCare Corporation during the first quarter worth $238,000. Geode Capital Management LLC boosted its holdings in shares of Addus HomeCare Corporation by 6.9% during the first quarter. Geode Capital Management LLC now owns 57,652 shares of the company’s stock worth $1,844,000 after purchasing an additional 3,740 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Addus HomeCare Corporation by 363.4% during the first quarter. Renaissance Technologies LLC now owns 57,000 shares of the company’s stock worth $1,824,000 after purchasing an additional 44,700 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Addus HomeCare Corporation by 6.3% during the first quarter. Vanguard Group Inc. now owns 318,439 shares of the company’s stock worth $10,190,000 after purchasing an additional 18,913 shares during the last quarter. Finally, Timpani Capital Management LLC boosted its holdings in shares of Addus HomeCare Corporation by 325.5% during the second quarter. Timpani Capital Management LLC now owns 98,370 shares of the company’s stock worth $3,659,000 after purchasing an additional 75,254 shares during the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.
Shares of Addus HomeCare Corporation (NASDAQ ADUS) opened at $34.55 on Friday. The firm has a market capitalization of $401.63, a P/E ratio of 23.66, a P/E/G ratio of 1.58 and a beta of 0.19. The company has a quick ratio of 3.35, a current ratio of 3.35 and a debt-to-equity ratio of 0.24. Addus HomeCare Corporation has a fifty-two week low of $24.65 and a fifty-two week high of $40.75.
About Addus HomeCare Corporation
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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