Almost Family Inc (AFAM) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS
Almost Family Inc (NASDAQ:AFAM) released its quarterly earnings results on Tuesday. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01, Bloomberg Earnings reports. The firm had revenue of $194.30 million for the quarter, compared to analysts’ expectations of $199.93 million. Almost Family had a return on equity of 7.09% and a net margin of 2.43%. The company’s revenue was up 21.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.66 EPS.
Almost Family (NASDAQ:AFAM) remained flat at $$51.20 during trading hours on Tuesday. The company’s stock had a trading volume of 163,332 shares, compared to its average volume of 137,199. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $711.47, a PE ratio of 21.59, a price-to-earnings-growth ratio of 2.26 and a beta of 0.40. Almost Family has a one year low of $38.05 and a one year high of $62.95.
Several equities analysts have recently weighed in on AFAM shares. Zacks Investment Research cut Almost Family from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Robert W. Baird cut Almost Family from an “outperform” rating to a “neutral” rating and increased their price target for the company from $55.00 to $64.00 in a report on Monday, July 10th. ValuEngine raised Almost Family from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub cut Almost Family from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Almost Family in a report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $56.50.
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In other news, SVP John Shermyen sold 2,000 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $52.00, for a total value of $104,000.00. Following the completion of the sale, the senior vice president now directly owns 79,864 shares in the company, valued at approximately $4,152,928. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 13.10% of the company’s stock.
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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