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.
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.
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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.
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