FY2018 EPS Estimates for Addus Homecare Co. (ADUS) Cut by Analyst

Addus Homecare Co. (NASDAQ:ADUS) – Analysts at Jefferies Financial Group reduced their FY2018 EPS estimates for Addus Homecare in a note issued to investors on Tuesday, November 6th. Jefferies Financial Group analyst B. Tanquilut now anticipates that the company will post earnings of $1.62 per share for the year, down from their previous estimate of $1.65. Jefferies Financial Group currently has a “Buy” rating and a $75.00 target price on the stock.

A number of other analysts have also commented on the company. Royal Bank of Canada initiated coverage on Addus Homecare in a research report on Monday, October 8th. They issued an “outperform” rating and a $81.00 price objective for the company. Stephens lifted their price objective on Addus Homecare from $67.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 7th. Raymond James initiated coverage on Addus Homecare in a research report on Monday, August 20th. They issued an “outperform” rating and a $75.00 price objective for the company. Cantor Fitzgerald initiated coverage on Addus Homecare in a research report on Wednesday, September 12th. They issued an “overweight” rating and a $77.00 price objective for the company. Finally, BidaskClub upgraded Addus Homecare from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $73.50.

Shares of ADUS stock opened at $74.99 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.09 and a quick ratio of 3.09. The stock has a market capitalization of $889.87 million, a P/E ratio of 51.72, a PEG ratio of 2.82 and a beta of -0.26. Addus Homecare has a 12 month low of $30.95 and a 12 month high of $76.89.

Addus Homecare (NASDAQ:ADUS) last announced its quarterly earnings data on Tuesday, November 6th. The company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.08. The firm had revenue of $137.63 million during the quarter, compared to analyst estimates of $139.43 million. Addus Homecare had a return on equity of 10.70% and a net margin of 3.25%.

Institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Addus Homecare during the 2nd quarter worth about $118,000. Thompson Siegel & Walmsley LLC acquired a new position in shares of Addus Homecare during the 3rd quarter worth about $189,000. Paloma Partners Management Co acquired a new position in shares of Addus Homecare during the 2nd quarter worth about $201,000. Dorsey & Whitney Trust CO LLC acquired a new position in shares of Addus Homecare during the 3rd quarter worth about $212,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in shares of Addus Homecare during the 3rd quarter worth about $220,000. Institutional investors own 82.42% of the company’s stock.

In other news, major shareholder Eos Capital Partners Iii L. P sold 1,024,733 shares of the business’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $59.00, for a total transaction of $60,459,247.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 34.80% of the stock is currently owned by insiders.

Addus Homecare Company Profile

Addus HomeCare Corporation provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States. The company's personal care services offer assistance with activities of daily living. Its services include assistance with bathing, grooming, oral care, assistance with feeding and dressing, medication reminders, meal planning and preparation, housekeeping, and transportation services, as well as other activities of daily living.

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