Jefferies Financial Group Equities Analysts Lower Earnings Estimates for Addus Homecare Co. (ADUS)

Addus Homecare Co. (NASDAQ:ADUS) – Analysts at Jefferies Financial Group cut their Q4 2018 EPS estimates for Addus Homecare in a research report issued on Tuesday, November 6th. Jefferies Financial Group analyst B. Tanquilut now anticipates that the company will post earnings of $0.41 per share for the quarter, down from their prior estimate of $0.42. Jefferies Financial Group has a “Buy” rating and a $75.00 price objective on the stock.

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

ADUS has been the topic of several other research reports. Royal Bank of Canada started coverage on shares of Addus Homecare in a research note on Monday, October 8th. They set an “outperform” rating and a $81.00 price target on the stock. BidaskClub upgraded shares of Addus Homecare from a “hold” rating to a “buy” rating in a research note on Friday, September 7th. Robert W. Baird restated a “hold” rating and set a $65.00 price target on shares of Addus Homecare in a research note on Wednesday, August 8th. Cantor Fitzgerald started coverage on shares of Addus Homecare in a research note on Wednesday, September 12th. They set an “overweight” rating and a $77.00 price target on the stock. Finally, ValuEngine upgraded shares of Addus Homecare from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 4th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $73.50.

Shares of ADUS opened at $72.49 on Friday. Addus Homecare has a 12 month low of $30.95 and a 12 month high of $76.89. The firm has a market cap of $956.54 million, a PE ratio of 49.99, a price-to-earnings-growth ratio of 3.04 and a beta of -0.26. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.53.

In related news, major shareholder Eos Capital Partners Iii L. P sold 1,024,733 shares of the firm’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $59.00, for a total value of $60,459,247.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 34.80% of the company’s stock.

A number of large investors have recently bought and sold shares of ADUS. Eos Management L.P. grew its stake in Addus Homecare by 4,991.1% in the 3rd quarter. Eos Management L.P. now owns 190,221,406 shares of the company’s stock valued at $2,712,000 after buying an additional 186,485,035 shares during the last quarter. BlackRock Inc. grew its stake in Addus Homecare by 24.9% in the 3rd quarter. BlackRock Inc. now owns 731,017 shares of the company’s stock valued at $51,281,000 after buying an additional 145,736 shares during the last quarter. Renaissance Technologies LLC grew its stake in Addus Homecare by 191.1% in the 2nd quarter. Renaissance Technologies LLC now owns 183,700 shares of the company’s stock valued at $10,517,000 after buying an additional 120,600 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Addus Homecare in the 2nd quarter valued at $4,690,000. Finally, ClariVest Asset Management LLC acquired a new position in Addus Homecare in the 2nd quarter valued at $3,781,000. Institutional investors and hedge funds own 82.42% of the company’s stock.

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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