Addus Homecare Co. (ADUS) Given Consensus Rating of “Hold” by Brokerages

Addus Homecare Co. (NASDAQ:ADUS) has earned a consensus rating of “Hold” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $42.50.

ADUS has been the subject of several analyst reports. BidaskClub upgraded shares of Addus Homecare from a “sell” rating to a “hold” rating in a report on Friday, January 5th. Zacks Investment Research upgraded shares of Addus Homecare from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 9th.

Shares of Addus Homecare (ADUS) opened at $36.30 on Tuesday. The company has a market cap of $421.97, a PE ratio of 23.73, a PEG ratio of 1.60 and a beta of 0.17. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.23. Addus Homecare has a 1-year low of $29.90 and a 1-year high of $40.75.

Addus Homecare (NASDAQ:ADUS) last announced its earnings results on Monday, November 6th. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The company had revenue of $108.60 million during the quarter, compared to the consensus estimate of $108.99 million. Addus Homecare had a net margin of 4.30% and a return on equity of 10.35%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.39 earnings per share. sell-side analysts expect that Addus Homecare will post 1.42 EPS for the current year.

In related news, insider W Bradley Bickham sold 822 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $37.40, for a total transaction of $30,742.80. Following the completion of the transaction, the insider now owns 9,178 shares in the company, valued at $343,257.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO R Dirk Allison sold 749 shares of the stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $38.85, for a total transaction of $29,098.65. Following the transaction, the chief executive officer now owns 33,120 shares of the company’s stock, valued at approximately $1,286,712. The disclosure for this sale can be found here. 35.80% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in Addus Homecare by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 887,121 shares of the company’s stock valued at $31,316,000 after buying an additional 19,823 shares during the period. FMR LLC grew its position in Addus Homecare by 0.4% during the second quarter. FMR LLC now owns 707,448 shares of the company’s stock valued at $26,317,000 after buying an additional 3,138 shares during the period. Cortina Asset Management LLC boosted its position in Addus Homecare by 12.6% during the third quarter. Cortina Asset Management LLC now owns 609,003 shares of the company’s stock worth $21,498,000 after purchasing an additional 68,010 shares during the period. Vanguard Group Inc. boosted its position in Addus Homecare by 6.6% during the second quarter. Vanguard Group Inc. now owns 339,297 shares of the company’s stock worth $12,622,000 after purchasing an additional 20,858 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in Addus Homecare by 0.9% during the third quarter. Russell Investments Group Ltd. now owns 302,730 shares of the company’s stock worth $10,686,000 after purchasing an additional 2,629 shares during the period. Institutional investors own 92.72% of the company’s stock.

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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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