Jefferies Group Comments on Almost Family Inc’s Q4 2017 Earnings (AFAM)
Almost Family Inc (NASDAQ:AFAM) – Equities researchers at Jefferies Group decreased their Q4 2017 earnings per share estimates for shares of Almost Family in a report released on Monday. Jefferies Group analyst B. Tanquilut now forecasts that the company will post earnings of $0.62 per share for the quarter, down from their previous forecast of $0.70. Jefferies Group also issued estimates for Almost Family’s FY2018 earnings at $2.66 EPS.
Almost Family (NASDAQ:AFAM) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.56 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.56. Almost Family had a return on equity of 7.09% and a net margin of 2.43%. The company had revenue of $200.70 million for the quarter, compared to the consensus estimate of $205.48 million. During the same quarter last year, the company earned $0.61 earnings per share. The firm’s revenue for the quarter was up 28.7% compared to the same quarter last year. COPYRIGHT VIOLATION NOTICE: This report was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this report on another publication, it was illegally copied and republished in violation of U.S. and international trademark and copyright laws. The original version of this report can be accessed at https://www.watchlistnews.com/jefferies-group-comments-on-almost-family-incs-q4-2017-earnings-afam/1630246.html.
Other research analysts have also recently issued reports about the company. Zacks Investment Research cut Almost Family from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. BidaskClub cut Almost Family from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. ValuEngine raised Almost Family from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. J P Morgan Chase & Co began coverage on Almost Family in a research report on Monday, October 9th. They set a “neutral” rating and a $54.00 price objective for the company. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $55.00 price objective on shares of Almost Family in a research report on Tuesday, September 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $57.40.
Shares of Almost Family (NASDAQ:AFAM) opened at 46.55 on Thursday. The company has a market cap of $638.53 million, a P/E ratio of 31.69 and a beta of 0.47. Almost Family has a 12 month low of $36.75 and a 12 month high of $62.95. The company’s 50-day moving average price is $48.86 and its 200-day moving average price is $52.51.
Institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN lifted its holdings in shares of Almost Family by 188.8% in the 1st quarter. Wells Fargo & Company MN now owns 23,048 shares of the company’s stock valued at $1,120,000 after purchasing an additional 15,067 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Almost Family by 8.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,725 shares of the company’s stock valued at $570,000 after purchasing an additional 890 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Almost Family by 38.2% in the 1st quarter. Principal Financial Group Inc. now owns 91,132 shares of the company’s stock valued at $4,429,000 after purchasing an additional 25,190 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Almost Family by 32.0% in the 1st quarter. Bank of New York Mellon Corp now owns 138,184 shares of the company’s stock valued at $6,716,000 after purchasing an additional 33,528 shares during the last quarter. Finally, Scout Investments Inc. purchased a new stake in shares of Almost Family in the 2nd quarter valued at about $3,679,000. 85.48% of the stock is owned by institutional investors and hedge funds.
In other news, SVP John Shermyen sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $52.00, for a total value of $104,000.00. Following the completion of the sale, the senior vice president now directly owns 79,864 shares of the company’s stock, valued at approximately $4,152,928. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 13.10% of the company’s stock.
About Almost Family
Almost Family, Inc is a provider of home healthcare services. The Company has two divisions: Home Health and Healthcare Innovations (HCI). The Home Health division consists of two segments: Visiting Nurse Services (VN or Visiting Nurse) and Personal Care Services (PC or Personal Care). The VN segment provides a range of Medicare-certified home health nursing services to patients in need of recuperative care, following a period of hospitalization or care in another type of inpatient facility.
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