Addus HomeCare (NASDAQ:ADUS) Issues Earnings Results

by · The Cerbat Gem

Addus HomeCare (NASDAQ:ADUS – Get Free Report) issued its quarterly earnings results on Monday. The company reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.06, FiscalAI reports. The company had revenue of $372.08 million for the quarter. Addus HomeCare had a net margin of 6.36% and a return on equity of 9.53%.

Addus HomeCare Trading Up 1.9%

Shares of NASDAQ:ADUS traded up $2.15 during midday trading on Monday, reaching $117.63. 325,924 shares of the company’s stock were exchanged, compared to its average volume of 221,578. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 25.19, a P/E/G ratio of 1.39 and a beta of 0.91. Addus HomeCare has a fifty-two week low of $88.96 and a fifty-two week high of $124.43. The firm’s 50 day simple moving average is $109.79 and its two-hundred day simple moving average is $113.09. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.66 and a quick ratio of 1.66.

Institutional Trading of Addus HomeCare

Institutional investors and hedge funds have recently bought and sold shares of the business. Wasatch Advisors LP lifted its holdings in Addus HomeCare by 0.8% during the 3rd quarter. Wasatch Advisors LP now owns 936,243 shares of the company’s stock worth $110,467,000 after buying an additional 7,089 shares during the last quarter. State Street Corp raised its position in shares of Addus HomeCare by 0.9% during the 4th quarter. State Street Corp now owns 702,229 shares of the company’s stock worth $75,412,000 after acquiring an additional 6,561 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Addus HomeCare by 1.2% during the third quarter. Dimensional Fund Advisors LP now owns 667,256 shares of the company’s stock worth $78,729,000 after purchasing an additional 7,884 shares during the last quarter. Geode Capital Management LLC lifted its stake in Addus HomeCare by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 466,006 shares of the company’s stock worth $50,053,000 after purchasing an additional 4,061 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Addus HomeCare by 5.9% in the second quarter. Invesco Ltd. now owns 439,336 shares of the company’s stock valued at $50,607,000 after purchasing an additional 24,631 shares in the last quarter. 95.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ADUS shares. Barclays boosted their target price on shares of Addus HomeCare from $111.00 to $117.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 4th. Royal Bank Of Canada boosted their price objective on Addus HomeCare from $134.00 to $139.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. TD Cowen restated a “buy” rating on shares of Addus HomeCare in a research report on Wednesday, November 5th. Wall Street Zen upgraded Addus HomeCare from a “buy” rating to a “strong-buy” rating in a research report on Monday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Addus HomeCare in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $135.44.

Check Out Our Latest Stock Report on Addus HomeCare

About Addus HomeCare

(Get Free Report)

Addus HomeCare (NASDAQ: ADUS) is a leading provider of home and community-based care services for elderly, disabled, and medically complex individuals across the United States. Through a network of company-owned and franchise locations, the company delivers a broad spectrum of non-medical personal care and licensed home health services designed to support clients’ independence and quality of life.

The company’s core offerings include personal care assistance—covering daily living activities, medication reminders, and light housekeeping—and skilled home health services delivered under the supervision of registered nurses and licensed therapists.

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