Shares of Addus Homecare Co. (NASDAQ:ADUS) have received an average recommendation of “Hold” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $42.50.
A number of analysts recently weighed in on the stock. Oppenheimer restated a “buy” rating and set a $45.00 target price on shares of Addus Homecare in a research note on Tuesday, September 19th. BidaskClub upgraded shares of Addus Homecare from a “sell” rating to a “hold” rating in a research note on Friday.
Several hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its stake in shares of 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 buying an additional 19,823 shares during the period. FMR LLC increased its stake in shares of Addus Homecare by 0.4% during the second quarter. FMR LLC now owns 707,448 shares of the company’s stock worth $26,317,000 after buying an additional 3,138 shares during the period. Cortina Asset Management LLC increased its stake in shares of Addus Homecare by 12.6% during the third quarter. Cortina Asset Management LLC now owns 609,003 shares of the company’s stock worth $21,498,000 after buying an additional 68,010 shares during the period. Vanguard Group Inc. increased its stake in shares of Addus Homecare by 6.6% during the second quarter. Vanguard Group Inc. now owns 339,297 shares of the company’s stock worth $12,622,000 after buying an additional 20,858 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Addus Homecare by 0.9% during the third quarter. Russell Investments Group Ltd. now owns 302,730 shares of the company’s stock worth $10,686,000 after buying an additional 2,629 shares during the period. Hedge funds and other institutional investors own 92.97% of the company’s stock.
Shares of Addus Homecare (ADUS) traded up $0.70 on Friday, hitting $36.75. 26,800 shares of the stock traded hands, compared to its average volume of 25,667. The firm has a market capitalization of $419.32, a PE ratio of 23.71, a PEG ratio of 1.59 and a beta of 0.17. Addus Homecare has a 1-year low of $29.90 and a 1-year 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 issued its quarterly earnings results on Monday, November 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The business had revenue of $108.60 million for the quarter, compared to analysts’ expectations of $108.99 million. Addus Homecare had a net margin of 4.30% and a return on equity of 10.35%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 earnings per share. equities research analysts forecast that Addus Homecare will post 1.42 EPS for the current year.
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Addus Homecare Company Profile
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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