Addus Homecare (NASDAQ:ADUS) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Friday.
Separately, Oppenheimer reiterated a “buy” rating and issued a $45.00 target price on shares of Addus Homecare in a research note on Tuesday, September 19th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $41.33.
Addus Homecare (NASDAQ:ADUS) traded down $0.80 during trading on Friday, reaching $35.95. The company had a trading volume of 41,269 shares, compared to its average volume of 22,777. The firm has a market capitalization of $418.17, a price-to-earnings ratio of 23.19, a P/E/G ratio of 1.59 and a beta of 0.17. Addus Homecare has a 52-week low of $29.90 and a 52-week high of $40.75. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.68 and a quick ratio of 2.68.
Addus Homecare (NASDAQ:ADUS) last released 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 firm had revenue of $108.60 million during the quarter, compared to analyst estimates of $108.99 million. Addus Homecare had a return on equity of 10.35% and a net margin of 4.30%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 earnings per share. equities research analysts forecast that Addus Homecare will post 1.42 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in the business. Sterling Capital Management LLC increased its stake in Addus Homecare by 30.8% during the third quarter. Sterling Capital Management LLC now owns 62,010 shares of the company’s stock worth $2,189,000 after acquiring an additional 14,616 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Addus Homecare by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 887,121 shares of the company’s stock worth $31,316,000 after acquiring an additional 19,823 shares during the last quarter. Jupiter Asset Management Ltd. increased its stake in Addus Homecare by 2.7% during the third quarter. Jupiter Asset Management Ltd. now owns 109,777 shares of the company’s stock worth $3,875,000 after acquiring an additional 2,872 shares during the last quarter. Cadence Capital Management LLC increased its stake in Addus Homecare by 5.0% during the third quarter. Cadence Capital Management LLC now owns 35,707 shares of the company’s stock worth $1,260,000 after acquiring an additional 1,711 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in Addus Homecare by 25.8% during the third quarter. Oppenheimer & Co. Inc. now owns 25,825 shares of the company’s stock worth $911,000 after acquiring an additional 5,289 shares during the last quarter. Institutional investors own 92.97% of the company’s stock.
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About Addus Homecare
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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