SunTrust Banks Analysts Reduce Earnings Estimates for Almost Family Inc. (AFAM)
Almost Family Inc. (NASDAQ:AFAM) – Stock analysts at SunTrust Banks decreased their FY2016 earnings per share (EPS) estimates for Almost Family in a note issued to investors on Monday. SunTrust Banks analyst D. Macdonald now forecasts that the brokerage will post earnings per share of $2.44 for the year, down from their previous forecast of $2.45. SunTrust Banks also issued estimates for Almost Family’s Q4 2016 earnings at $0.64 EPS, Q1 2017 earnings at $0.58 EPS, Q2 2017 earnings at $0.62 EPS, Q3 2017 earnings at $0.67 EPS, Q4 2017 earnings at $0.76 EPS and FY2017 earnings at $2.62 EPS.
Almost Family (NASDAQ:AFAM) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.07. The company had revenue of $160.40 million for the quarter, compared to analysts’ expectations of $159.17 million. Almost Family had a net margin of 2.74% and a return on equity of 8.86%. Almost Family’s revenue was up 22.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 EPS.
Other equities analysts have also recently issued research reports about the company. Zacks Investment Research cut Almost Family from a “buy” rating to a “hold” rating in a report on Tuesday, November 8th. Jefferies Group restated a “buy” rating and issued a $58.00 price target on shares of Almost Family in a report on Friday, October 21st. Robert W. Baird upgraded Almost Family from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $44.00 to $55.00 in a report on Thursday, November 3rd. RBC Capital Markets upgraded Almost Family from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $48.00 to $55.00 in a report on Wednesday, October 19th. Finally, Royal Bank Of Canada upgraded Almost Family from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $48.00 to $55.00 in a report on Wednesday, October 19th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $51.50.
Almost Family (NASDAQ:AFAM) opened at 41.95 on Wednesday. The firm has a 50-day moving average of $40.02 and a 200 day moving average of $40.10. The firm has a market capitalization of $426.67 million, a PE ratio of 25.53 and a beta of 0.82. Almost Family has a 52 week low of $34.08 and a 52 week high of $44.64.
A number of institutional investors have recently made changes to their positions in AFAM. FMR LLC raised its stake in shares of Almost Family by 0.7% in the second quarter. FMR LLC now owns 1,556,429 shares of the company’s stock valued at $66,319,000 after buying an additional 11,493 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Almost Family by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 798,365 shares of the company’s stock valued at $34,018,000 after buying an additional 59,151 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of Almost Family by 11.1% in the third quarter. BlackRock Fund Advisors now owns 615,890 shares of the company’s stock valued at $22,646,000 after buying an additional 61,358 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Almost Family by 15.3% in the second quarter. Vanguard Group Inc. now owns 417,285 shares of the company’s stock valued at $17,781,000 after buying an additional 55,445 shares in the last quarter. Finally, Cortina Asset Management LLC bought a new stake in shares of Almost Family during the second quarter valued at $14,642,000. Hedge funds and other institutional investors own 76.32% of the company’s stock.
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About Almost Family
Almost Family, Inc, along with its subsidiaries, is a provider of home health services. The Company has two divisions, which include Home Health Care and Healthcare Innovations. The Home Health Care division consists of two segments: Visiting Nurse Services (VN or Visiting Nurse) and Personal Care Services (PC or Personal Care).
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