Chemed Corp. (CHE) Releases FY17 Earnings Guidance

Chemed Corp. (NYSE:CHE) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share guidance of $8.35-$8.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $8.19.

Shares of Chemed Corp. (NYSE CHE) opened at C$231.12 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.50 and a debt-to-equity ratio of 0.15. Chemed Corp. has a 12 month low of C$143.87 and a 12 month high of C$235.96. The stock has a market capitalization of $3,690.06, a P/E ratio of 28.46, a price-to-earnings-growth ratio of 4.89 and a beta of 1.14.

Chemed Corp. (NYSE:CHE) last released its earnings results on Thursday, October 26th. The company reported C$2.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$2.00 by C$0.15. The firm had revenue of C$417.40 million for the quarter, compared to the consensus estimate of C$414.34 million. Chemed Corp. had a return on equity of 27.69% and a net margin of 4.62%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.73 EPS. sell-side analysts expect that Chemed Corp. will post 4.73 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 13th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.48%. The ex-dividend date is Friday, November 10th. Chemed Corp.’s dividend payout ratio (DPR) is presently 24.89%.

CHE has been the topic of several research analyst reports. TheStreet downgraded Chemed Corp. from a b+ rating to a c+ rating in a research report on Tuesday, July 25th. Oppenheimer Holdings, Inc. upped their target price on Chemed Corp. from $200.00 to $220.00 and gave the stock an outperform rating in a report on Thursday, July 27th. Zacks Investment Research upgraded Chemed Corp. from a hold rating to a buy rating and set a $226.00 target price for the company in a report on Friday, July 28th. Royal Bank of Canada reiterated a hold rating and issued a $209.00 target price on shares of Chemed Corp. in a report on Monday, July 31st. Finally, BidaskClub cut Chemed Corp. from a buy rating to a hold rating in a research note on Wednesday, August 2nd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of C$236.00.

In related news, VP Naomi C. Dallob sold 1,900 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of C$231.00, for a total transaction of C$438,900.00. Following the sale, the vice president now directly owns 10,426 shares of the company’s stock, valued at C$2,408,406. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Spencer S. Lee sold 1,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of C$197.46, for a total value of C$197,460.00. Following the sale, the insider now directly owns 37,809 shares in the company, valued at C$7,465,765.14. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,650 shares of company stock valued at $3,480,193. 4.90% of the stock is currently owned by company insiders.

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Chemed Corp. Company Profile

Chemed Corporation purchases, operates and divests subsidiaries engaged in various business activities. The Company operates through two segments: the VITAS segment (VITAS) and the Roto-Rooter segment (Roto-Rooter). The Company’s VITAS provides hospice and palliative care services to its patients through a network of physicians, registered nurses, home health aides, social workers, clergy and volunteers.

Earnings History and Estimates for Chemed Corp. (NYSE:CHE)

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