Addus HomeCare (NASDAQ:ADUS) Issues Earnings Results

Addus HomeCare (NASDAQ:ADUS) released its quarterly earnings results on Monday. The company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.70 by $0.03, FiscalAI reports. Addus HomeCare had a net margin of 6.89% and a return on equity of 9.80%. The business had revenue of $377.41 million during the quarter, compared to analyst estimates of $376.24 million. During the same period in the prior year, the firm posted $1.49 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis.

Addus HomeCare Stock Up 1.1%

Addus HomeCare stock opened at $116.79 on Tuesday. The business’s 50-day simple moving average is $102.16 and its two-hundred day simple moving average is $101.45. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.83 and a current ratio of 1.83. The company has a market cap of $2.18 billion, a PE ratio of 21.59, a PEG ratio of 1.58 and a beta of 0.87. Addus HomeCare has a fifty-two week low of $87.95 and a fifty-two week high of $124.43.

Analyst Ratings Changes

A number of equities research analysts recently commented on ADUS shares. Citigroup reissued a “market outperform” rating on shares of Addus HomeCare in a research report on Friday, July 24th. Weiss Ratings upgraded Addus HomeCare from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. Citizens Jmp reiterated a “market outperform” rating and issued a $142.00 price target on shares of Addus HomeCare in a research note on Monday, May 18th. Finally, Barclays boosted their price target on Addus HomeCare from $92.00 to $96.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $131.50.

Insider Activity

In related news, insider Heather Brianne Dixon sold 288 shares of Addus HomeCare stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $93.77, for a total transaction of $27,005.76. Following the completion of the sale, the insider owned 44,371 shares of the company’s stock, valued at $4,160,668.67. The trade was a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 788 shares of company stock valued at $73,506 in the last three months. Company insiders own 4.10% of the company’s stock.

Institutional Trading of Addus HomeCare

Several institutional investors and hedge funds have recently bought and sold shares of ADUS. Global Retirement Partners LLC raised its holdings in shares of Addus HomeCare by 395.7% during the fourth quarter. Global Retirement Partners LLC now owns 233 shares of the company’s stock worth $25,000 after purchasing an additional 186 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Addus HomeCare by 133.3% in the 3rd quarter. Larson Financial Group LLC now owns 238 shares of the company’s stock valued at $28,000 after buying an additional 136 shares during the period. Acumen Wealth Advisors LLC purchased a new stake in shares of Addus HomeCare in the fourth quarter worth about $29,000. Arax Advisory Partners boosted its stake in shares of Addus HomeCare by 95.8% in the fourth quarter. Arax Advisory Partners now owns 280 shares of the company’s stock worth $30,000 after buying an additional 137 shares during the last quarter. Finally, Wexford Capital LP acquired a new stake in Addus HomeCare during the third quarter worth about $41,000. 95.35% of the stock is currently owned by institutional investors and hedge funds.

Addus HomeCare Company Profile

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.