Addus Homecare (NASDAQ:ADUS) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.
Other equities research analysts have also issued research reports about the company. Stephens set a $56.00 price target on Addus Homecare and gave the stock a “buy” rating in a research note on Monday, April 2nd. ValuEngine upgraded Addus Homecare from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research lowered Addus Homecare from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 13th. Finally, Robert W. Baird set a $43.00 price objective on Addus Homecare and gave the company a “hold” rating in a research report on Wednesday, March 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $51.00.
Shares of ADUS stock opened at $60.20 on Friday. Addus Homecare has a 52-week low of $30.95 and a 52-week high of $60.65. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $677.57 million, a price-to-earnings ratio of 41.52, a price-to-earnings-growth ratio of 1.94 and a beta of -0.52.
Addus Homecare (NASDAQ:ADUS) last issued its quarterly earnings results on Monday, May 7th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.03. Addus Homecare had a return on equity of 10.04% and a net margin of 3.28%. The business had revenue of $109.45 million during the quarter, compared to analyst estimates of $111.25 million. analysts expect that Addus Homecare will post 1.99 EPS for the current year.
In other news, CFO Brian Poff sold 613 shares of the firm’s stock in a transaction dated Thursday, May 10th. The stock was sold at an average price of $52.95, for a total transaction of $32,458.35. Following the completion of the transaction, the chief financial officer now owns 22,770 shares in the company, valued at $1,205,671.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 34.80% of the company’s stock.
Institutional investors have recently modified their holdings of the company. MetLife Investment Advisors LLC purchased a new position in shares of Addus Homecare during the fourth quarter valued at about $146,000. Dorsey & Whitney Trust CO LLC purchased a new position in shares of Addus Homecare during the first quarter valued at about $211,000. Connors Investor Services Inc. bought a new position in shares of Addus Homecare in the 1st quarter valued at about $234,000. Goldman Sachs Group Inc. bought a new position in shares of Addus Homecare in the 4th quarter valued at about $258,000. Finally, Monarch Partners Asset Management LLC bought a new position in shares of Addus Homecare in the 1st quarter valued at about $423,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.
About Addus Homecare
Addus HomeCare Corporation provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States. The company's personal care services offer assistance with activities of daily living. Its services include assistance with bathing, grooming, oral care, assistance with feeding and dressing, medication reminders, meal planning and preparation, housekeeping, and transportation services, as well as other activities of daily living.
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