Brokerages expect that Almost Family Inc (NASDAQ:AFAM) will post earnings of $0.57 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Almost Family’s earnings, with the lowest EPS estimate coming in at $0.53 and the highest estimate coming in at $0.63. Almost Family posted earnings of $0.61 per share during the same quarter last year, which would indicate a negative year over year growth rate of 6.6%. The firm is expected to issue its next earnings report on Wednesday, August 2nd.
On average, analysts expect that Almost Family will report full year earnings of $2.40 per share for the current fiscal year, with EPS estimates ranging from $2.25 to $2.57. For the next year, analysts anticipate that the firm will post earnings of $2.65 per share, with EPS estimates ranging from $2.50 to $2.80. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Almost Family.
Almost Family (NASDAQ:AFAM) last released its quarterly earnings results on Tuesday, May 9th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.04. The business had revenue of $201.31 million during the quarter, compared to the consensus estimate of $204.79 million. Almost Family had a return on equity of 7.67% and a net margin of 2.59%. The business’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.59 EPS.
A number of research analysts have recently weighed in on the company. Zacks Investment Research raised Almost Family from a “sell” rating to a “hold” rating in a report on Monday, May 15th. Robert W. Baird lowered Almost Family from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $55.00 to $64.00 in a report on Monday, July 10th. Jefferies Group LLC reissued a “buy” rating and issued a $58.00 price objective on shares of Almost Family in a report on Friday, March 31st. Royal Bank Of Canada reissued a “buy” rating and issued a $63.00 price objective on shares of Almost Family in a report on Tuesday, June 13th. Finally, Bank of America Corporation reissued a “neutral” rating and issued a $57.00 price objective (up from $52.00) on shares of Almost Family in a report on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $57.60.
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Almost Family (NASDAQ AFAM) traded down 0.52% during midday trading on Monday, hitting $56.85. The company’s stock had a trading volume of 52,904 shares. Almost Family has a one year low of $35.21 and a one year high of $62.95. The company has a market cap of $721.65 million, a price-to-earnings ratio of 35.96 and a beta of 0.47. The company’s 50-day moving average is $60.21 and its 200 day moving average is $52.03.
In related news, insider C Steven Guenthner sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $55.90, for a total transaction of $1,118,000.00. Following the sale, the insider now directly owns 166,951 shares of the company’s stock, valued at $9,332,560.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO William B. Yarmuth sold 30,000 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $56.82, for a total value of $1,704,600.00. Following the sale, the chief executive officer now directly owns 430,794 shares in the company, valued at $24,477,715.08. The disclosure for this sale can be found here. Insiders sold 76,942 shares of company stock worth $4,350,980 over the last three months. Corporate insiders own 13.10% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Tributary Capital Management LLC raised its stake in Almost Family by 11.7% in the second quarter. Tributary Capital Management LLC now owns 202,951 shares of the company’s stock valued at $12,512,000 after buying an additional 21,273 shares during the period. Dubuque Bank & Trust Co. raised its stake in Almost Family by 8.6% in the second quarter. Dubuque Bank & Trust Co. now owns 3,019 shares of the company’s stock valued at $186,000 after buying an additional 238 shares during the period. US Bancorp DE raised its stake in Almost Family by 68.4% in the second quarter. US Bancorp DE now owns 2,118 shares of the company’s stock valued at $131,000 after buying an additional 860 shares during the period. Dalton Greiner Hartman Maher & Co. raised its stake in Almost Family by 9.5% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 41,867 shares of the company’s stock valued at $2,581,000 after buying an additional 3,627 shares during the period. Finally, Aperio Group LLC raised its stake in Almost Family by 3.9% in the second quarter. Aperio Group LLC now owns 5,447 shares of the company’s stock valued at $336,000 after buying an additional 204 shares during the period. 82.75% of the stock is currently owned by hedge funds and other institutional investors.
Almost Family Company Profile
Almost Family, Inc is a provider of home healthcare services. The Company has two divisions: Home Health and Healthcare Innovations (HCI). The Home Health division consists of two segments: Visiting Nurse Services (VN or Visiting Nurse) and Personal Care Services (PC or Personal Care). The VN segment provides a range of Medicare-certified home health nursing services to patients in need of recuperative care, following a period of hospitalization or care in another type of inpatient facility.
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