Addus Homecare (NASDAQ:ADUS) issued its quarterly earnings data on Tuesday. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.08, Fidelity Earnings reports. The firm had revenue of $137.63 million during the quarter, compared to analysts’ expectations of $139.43 million. Addus Homecare had a return on equity of 10.70% and a net margin of 3.25%.
NASDAQ ADUS opened at $74.89 on Thursday. The firm has a market capitalization of $889.87 million, a PE ratio of 51.65, a P/E/G ratio of 2.82 and a beta of -0.26. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.53. Addus Homecare has a fifty-two week low of $30.95 and a fifty-two week high of $74.97.
ADUS has been the subject of several research reports. Jefferies Financial Group initiated coverage on Addus Homecare in a report on Tuesday, August 21st. They set a “buy” rating and a $75.00 price objective for the company. BidaskClub cut Addus Homecare from a “strong-buy” rating to a “buy” rating in a report on Friday, August 10th. Robert W. Baird reaffirmed a “hold” rating and set a $65.00 price objective on shares of Addus Homecare in a report on Wednesday, August 8th. Zacks Investment Research raised Addus Homecare from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 9th. Finally, Raymond James initiated coverage on Addus Homecare in a report on Monday, August 20th. They issued an “outperform” rating and a $75.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $73.50.
Large investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Addus Homecare in the second quarter valued at approximately $118,000. Schwab Charles Investment Management Inc. raised its stake in shares of Addus Homecare by 30.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 16,279 shares of the company’s stock valued at $932,000 after acquiring an additional 3,779 shares during the last quarter. Paradigm Capital Management Inc. NY bought a new position in shares of Addus Homecare in the second quarter valued at approximately $2,558,000. ClariVest Asset Management LLC bought a new position in shares of Addus Homecare in the second quarter valued at approximately $3,781,000. Finally, Northpointe Capital LLC bought a new position in shares of Addus Homecare in the second quarter valued at approximately $1,960,000. Institutional investors own 82.42% of the company’s stock.
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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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