Brokerages Anticipate Almost Family Inc (AFAM) to Post $0.68 EPS

Brokerages forecast that Almost Family Inc (NASDAQ:AFAM) will report earnings per share of $0.68 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Almost Family’s earnings. The highest EPS estimate is $0.82 and the lowest is $0.55. Almost Family posted earnings per share of $0.55 during the same quarter last year, which suggests a positive year over year growth rate of 23.6%. The business is scheduled to issue its next quarterly earnings results on Tuesday, May 8th.

According to Zacks, analysts expect that Almost Family will report full year earnings of $3.06 per share for the current year, with EPS estimates ranging from $2.87 to $3.31. For the next fiscal year, analysts forecast that the company will report earnings of $3.47 per share, with EPS estimates ranging from $3.27 to $3.81. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Almost Family.

How to Become a New Pot Stock Millionaire

Almost Family (NASDAQ:AFAM) last issued its quarterly earnings results on Monday, February 26th. The company reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. Almost Family had a net margin of 2.56% and a return on equity of 5.88%. The business had revenue of $200.62 million for the quarter, compared to analysts’ expectations of $203.44 million. During the same quarter last year, the company posted $0.59 earnings per share. The company’s quarterly revenue was up 30.8% compared to the same quarter last year.

Several equities analysts have recently commented on AFAM shares. Zacks Investment Research cut shares of Almost Family from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 9th. BidaskClub raised shares of Almost Family from a “strong sell” rating to a “sell” rating in a research report on Friday, January 19th. JPMorgan Chase & Co. reduced their price target on shares of Almost Family from $59.00 to $56.00 and set a “neutral” rating on the stock in a research report on Monday, March 5th. ValuEngine cut shares of Almost Family from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Robert W. Baird set a $65.00 price target on shares of Almost Family and gave the stock a “hold” rating in a research report on Tuesday, November 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $61.71.

A number of hedge funds and other institutional investors have recently modified their holdings of AFAM. State Street Corp lifted its holdings in Almost Family by 7.1% in the second quarter. State Street Corp now owns 344,527 shares of the company’s stock worth $21,234,000 after acquiring an additional 22,845 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Almost Family by 37.5% in the second quarter. The Manufacturers Life Insurance Company now owns 9,799 shares of the company’s stock worth $603,000 after acquiring an additional 2,672 shares during the last quarter. California State Teachers Retirement System lifted its holdings in Almost Family by 3.7% in the second quarter. California State Teachers Retirement System now owns 22,601 shares of the company’s stock worth $1,393,000 after acquiring an additional 800 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in Almost Family in the third quarter worth about $390,000. Finally, Principal Financial Group Inc. lifted its holdings in Almost Family by 3.9% in the third quarter. Principal Financial Group Inc. now owns 108,934 shares of the company’s stock worth $5,850,000 after acquiring an additional 4,100 shares during the last quarter. 84.64% of the stock is currently owned by hedge funds and other institutional investors.

Shares of AFAM stock traded down $1.35 during mid-day trading on Thursday, hitting $56.25. 45,410 shares of the stock traded hands, compared to its average volume of 144,921. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.21. Almost Family has a twelve month low of $40.15 and a twelve month high of $66.15. The company has a market capitalization of $813.68, a PE ratio of 38.07, a price-to-earnings-growth ratio of 1.12 and a beta of 0.52.

ILLEGAL ACTIVITY WARNING: This news story was reported by Stock Observer and is the property of of Stock Observer. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright law. The legal version of this news story can be read at https://www.thestockobserver.com/2018/03/20/brokerages-anticipate-almost-family-inc-afam-to-post-0-68-eps.html.

About Almost Family

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.

Get a free copy of the Zacks research report on Almost Family (AFAM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Almost Family Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Almost Family and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply