Addus HomeCare Co. (NASDAQ:ADUS) Expected to Earn Q2 2022 Earnings of $0.83 Per Share

Addus HomeCare Co. (NASDAQ:ADUSGet Rating) – Stock analysts at Oppenheimer decreased their Q2 2022 earnings per share estimates for shares of Addus HomeCare in a research note issued on Wednesday, May 4th. Oppenheimer analyst M. Wiederhorn now forecasts that the company will earn $0.83 per share for the quarter, down from their prior estimate of $0.85. Oppenheimer also issued estimates for Addus HomeCare’s Q3 2022 earnings at $0.86 EPS, Q4 2022 earnings at $0.89 EPS, FY2022 earnings at $3.25 EPS, Q1 2023 earnings at $0.80 EPS, Q2 2023 earnings at $0.94 EPS, Q4 2023 earnings at $0.99 EPS and FY2023 earnings at $3.72 EPS.

Addus HomeCare (NASDAQ:ADUSGet Rating) last released its quarterly earnings results on Monday, May 2nd. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.67 by $0.10. Addus HomeCare had a net margin of 5.05% and a return on equity of 8.83%. During the same quarter in the previous year, the company earned $0.62 EPS.

Several other research firms have also recently issued reports on ADUS. Royal Bank of Canada decreased their price target on Addus HomeCare from $125.00 to $111.00 in a report on Wednesday, May 4th. Bank of America started coverage on shares of Addus HomeCare in a research note on Wednesday, April 13th. They issued a “buy” rating and a $110.00 target price on the stock. StockNews.com began coverage on shares of Addus HomeCare in a research note on Thursday, March 31st. They set a “buy” rating for the company. Finally, Zacks Investment Research cut shares of Addus HomeCare from a “hold” rating to a “sell” rating in a research note on Monday, May 2nd. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Addus HomeCare presently has a consensus rating of “Buy” and an average target price of $105.50.

NASDAQ ADUS opened at $80.29 on Monday. The firm has a market cap of $1.29 billion, a PE ratio of 28.88, a P/E/G ratio of 2.17 and a beta of 0.87. Addus HomeCare has a 52 week low of $68.57 and a 52 week high of $108.11. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.65 and a quick ratio of 2.76. The company has a fifty day moving average price of $84.43.

In other Addus HomeCare news, CEO R Dirk Allison sold 1,432 shares of Addus HomeCare stock in a transaction that occurred on Wednesday, March 2nd. The shares were sold at an average price of $84.22, for a total value of $120,603.04. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Brian Poff sold 692 shares of the company’s stock in a transaction that occurred on Friday, February 25th. The shares were sold at an average price of $70.58, for a total transaction of $48,841.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,256 shares of company stock valued at $403,669. 4.00% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Monarch Partners Asset Management LLC boosted its position in shares of Addus HomeCare by 31.2% during the first quarter. Monarch Partners Asset Management LLC now owns 74,834 shares of the company’s stock worth $6,981,000 after buying an additional 17,778 shares during the period. WCM Investment Management LLC grew its stake in shares of Addus HomeCare by 2.0% during the 1st quarter. WCM Investment Management LLC now owns 543,751 shares of the company’s stock worth $50,727,000 after acquiring an additional 10,499 shares in the last quarter. IndexIQ Advisors LLC acquired a new stake in shares of Addus HomeCare in the first quarter valued at approximately $435,000. TimesSquare Capital Management LLC lifted its position in shares of Addus HomeCare by 1.4% in the first quarter. TimesSquare Capital Management LLC now owns 271,965 shares of the company’s stock worth $25,372,000 after purchasing an additional 3,700 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Addus HomeCare by 1.4% during the first quarter. Victory Capital Management Inc. now owns 55,451 shares of the company’s stock worth $5,026,000 after purchasing an additional 748 shares during the last quarter. Hedge funds and other institutional investors own 96.04% of the company’s stock.

About Addus HomeCare (Get Rating)

Addus HomeCare Corporation, together with its subsidiaries, provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States. It operates through three segments: Personal Care, Hospice, and Home Health.

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Earnings History and Estimates for Addus HomeCare (NASDAQ:ADUS)

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