Oppenheimer Holdings, Inc. Reaffirms “Buy” Rating for Addus HomeCare Corporation (ADUS)
Several other equities analysts have also recently commented on ADUS. Zacks Investment Research cut shares of Addus HomeCare Corporation from a strong-buy rating to a hold rating in a research note on Tuesday, July 11th. BidaskClub cut shares of Addus HomeCare Corporation from a hold rating to a sell rating in a research note on Thursday, July 27th. ValuEngine raised shares of Addus HomeCare Corporation from a hold rating to a buy rating in a research note on Tuesday, August 1st. Finally, Robert W. Baird reaffirmed a hold rating and set a $40.00 price objective on shares of Addus HomeCare Corporation in a research note on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned 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 Corporation (ADUS) opened at 33.80 on Tuesday. The firm’s 50 day moving average is $34.12 and its 200-day moving average is $35.18. Addus HomeCare Corporation has a 12 month low of $24.40 and a 12 month high of $40.75. The firm has a market cap of $387.69 million, a price-to-earnings ratio of 24.13 and a beta of 0.23.
Addus HomeCare Corporation (NASDAQ:ADUS) last posted its quarterly earnings results on Monday, August 7th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. Addus HomeCare Corporation had a net margin of 3.94% and a return on equity of 10.47%. The company had revenue of $103.60 million for the quarter, compared to analyst estimates of $104.39 million. During the same quarter in the previous year, the firm posted $0.31 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities analysts forecast that Addus HomeCare Corporation will post $1.60 EPS for the current year.
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A number of large investors have recently modified their holdings of the stock. Mesirow Financial Investment Management Inc. purchased a new position in Addus HomeCare Corporation during the second quarter valued at approximately $359,000. The Manufacturers Life Insurance Company grew its stake in Addus HomeCare Corporation by 8.5% during the second quarter. The Manufacturers Life Insurance Company now owns 6,614 shares of the company’s stock valued at $246,000 after acquiring an additional 517 shares in the last quarter. State Street Corp grew its stake in Addus HomeCare Corporation by 12.7% during the second quarter. State Street Corp now owns 122,306 shares of the company’s stock valued at $4,549,000 after acquiring an additional 13,788 shares in the last quarter. Punch & Associates Investment Management Inc. grew its stake in Addus HomeCare Corporation by 16.3% during the second quarter. Punch & Associates Investment Management Inc. now owns 164,800 shares of the company’s stock valued at $6,131,000 after acquiring an additional 23,054 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Addus HomeCare Corporation by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 867,298 shares of the company’s stock valued at $32,264,000 after acquiring an additional 42,304 shares in the last quarter. 93.13% of the stock is owned by institutional investors.
About Addus HomeCare Corporation
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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