Addus HomeCare (NASDAQ:ADUS) Trading Up 5.6% on Earnings Beat

Shares of Addus HomeCare Co. (NASDAQ:ADUS) shot up 5.6% during trading on Tuesday after the company announced better than expected quarterly earnings. The company traded as high as $103.40 and last traded at $103.40. 116,571 shares traded hands during trading, a decline of 5% from the average session volume of 122,499 shares. The stock had previously closed at $97.89.

The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.24. Addus HomeCare had a return on equity of 9.70% and a net margin of 5.91%. The company had revenue of $280.70 million for the quarter, compared to analysts’ expectations of $279.49 million. During the same quarter in the previous year, the company posted $0.84 earnings per share. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year.

Analyst Ratings Changes

ADUS has been the topic of several recent analyst reports. Oppenheimer restated an “outperform” rating and set a $118.00 price objective on shares of Addus HomeCare in a report on Tuesday, March 26th. William Blair reiterated an “outperform” rating on shares of Addus HomeCare in a research report on Monday, February 5th. Stephens restated an “overweight” rating and issued a $115.00 target price on shares of Addus HomeCare in a report on Tuesday. Royal Bank of Canada reissued an “outperform” rating and set a $102.00 price target on shares of Addus HomeCare in a research report on Thursday, February 29th. Finally, Barclays cut Addus HomeCare from an “equal weight” rating to an “underweight” rating and set a $83.00 target price on the stock. in a research note on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.57.

Institutional Investors Weigh In On Addus HomeCare

Large investors have recently bought and sold shares of the business. Principal Securities Inc. acquired a new stake in shares of Addus HomeCare in the fourth quarter worth $26,000. GAMMA Investing LLC bought a new stake in Addus HomeCare in the fourth quarter valued at about $34,000. Assetmark Inc. lifted its stake in Addus HomeCare by 17.1% during the third quarter. Assetmark Inc. now owns 1,331 shares of the company’s stock worth $113,000 after purchasing an additional 194 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in Addus HomeCare during the third quarter valued at approximately $189,000. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in shares of Addus HomeCare in the 4th quarter valued at approximately $214,000. 95.35% of the stock is currently owned by institutional investors.

Addus HomeCare Stock Performance

The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 1.94 and a beta of 0.96. The stock has a fifty day moving average price of $99.03 and a 200-day moving average price of $92.71.

About Addus HomeCare

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. The company operates through three segments: Personal Care, Hospice, and Home Health.