Almost Family Inc (AFAM) Expected to Announce Quarterly Sales of $201.93 Million

Equities research analysts predict that Almost Family Inc (NASDAQ:AFAM) will report $201.93 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Almost Family’s earnings, with the highest sales estimate coming in at $205.07 million and the lowest estimate coming in at $199.05 million. Almost Family reported sales of $153.43 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 31.6%. The business is expected to issue its next earnings results on Tuesday, March 6th.

According to Zacks, analysts expect that Almost Family will report full year sales of $201.93 million for the current year, with estimates ranging from $795.39 million to $801.41 million. For the next fiscal year, analysts forecast that the business will post sales of $831.45 million per share, with estimates ranging from $821.30 million to $856.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Almost Family.

Almost Family (NASDAQ:AFAM) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. Almost Family had a net margin of 2.02% and a return on equity of 6.12%. The business had revenue of $194.30 million for the quarter, compared to analysts’ expectations of $199.93 million. During the same quarter last year, the firm earned $0.66 EPS. The firm’s revenue for the quarter was up 21.1% compared to the same quarter last year.

AFAM has been the topic of several recent research reports. ValuEngine raised shares of Almost Family from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Jefferies Group reaffirmed a “buy” rating and issued a $58.00 price target on shares of Almost Family in a research report on Friday, November 3rd. Royal Bank of Canada reissued a “buy” rating on shares of Almost Family in a research report on Wednesday, October 11th. Zacks Investment Research raised shares of Almost Family from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Finally, Robert W. Baird reissued a “hold” rating and set a $55.00 target price on shares of Almost Family in a research report on Tuesday, September 19th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $62.33.

In other news, Director Jonathan Goldberg sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $60.08, for a total transaction of $600,800.00. Following the completion of the sale, the director now owns 44,803 shares in the company, valued at approximately $2,691,764.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP John Shermyen sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $52.00, for a total transaction of $104,000.00. Following the sale, the senior vice president now owns 79,864 shares of the company’s stock, valued at approximately $4,152,928. The disclosure for this sale can be found here. 13.10% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of AFAM. Chartwell Investment Partners LLC grew its stake in Almost Family by 1,151.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 271,001 shares of the company’s stock valued at $14,552,000 after buying an additional 249,352 shares in the last quarter. Summit Creek Advisors LLC bought a new position in Almost Family in the 3rd quarter valued at $7,810,000. Capital Research Global Investors boosted its holdings in Almost Family by 46.0% in the 2nd quarter. Capital Research Global Investors now owns 457,000 shares of the company’s stock valued at $28,174,000 after purchasing an additional 144,000 shares during the period. Point72 Asset Management L.P. bought a new position in Almost Family in the 3rd quarter valued at $7,570,000. Finally, Russell Investments Group Ltd. boosted its holdings in Almost Family by 437.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 126,742 shares of the company’s stock valued at $6,806,000 after purchasing an additional 103,141 shares during the period. Institutional investors own 84.90% of the company’s stock.

Shares of Almost Family (AFAM) traded up $2.00 during midday trading on Friday, reaching $55.95. 387,544 shares of the company traded hands, compared to its average volume of 234,790. Almost Family has a twelve month low of $40.15 and a twelve month high of $66.15. The company has a market cap of $810.31, a PE ratio of 46.63, a price-to-earnings-growth ratio of 2.61 and a beta of 0.51. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.40 and a current ratio of 2.40.

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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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Earnings History and Estimates for Almost Family (NASDAQ:AFAM)

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