Chemed (CHE) to Release Earnings on Wednesday

Chemed (NYSE:CHE) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $5.09 per share for the quarter. Chemed has set its FY24 guidance at $23.30-$23.70 EPS and its FY 2024 guidance at 23.300-23.700 EPS.Parties interested in listening to the company’s conference call can do so using this link.

Chemed (NYSE:CHE) last released its earnings results on Tuesday, February 27th. The company reported $6.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.25 by $0.35. Chemed had a return on equity of 32.29% and a net margin of 12.03%. The company had revenue of $585.90 million for the quarter, compared to analysts’ expectations of $586.64 million. During the same quarter in the previous year, the firm posted $5.39 EPS. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. On average, analysts expect Chemed to post $22 EPS for the current fiscal year and $24 EPS for the next fiscal year.

Chemed Trading Up 0.7 %

NYSE CHE opened at $604.56 on Tuesday. The business’s 50 day moving average is $622.33 and its two-hundred day moving average is $589.76. Chemed has a 12-month low of $492.84 and a 12-month high of $654.62. The stock has a market capitalization of $9.14 billion, a price-to-earnings ratio of 33.74, a PEG ratio of 2.41 and a beta of 0.42.

Chemed Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, February 26th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend was Friday, February 23rd. Chemed’s payout ratio is 8.93%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Royal Bank of Canada boosted their price target on Chemed from $604.00 to $712.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Oppenheimer boosted their price target on Chemed from $625.00 to $650.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th.

Insider Activity at Chemed

In related news, EVP Spencer S. Lee sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $641.65, for a total value of $1,283,300.00. Following the sale, the executive vice president now owns 20,760 shares of the company’s stock, valued at approximately $13,320,654. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Chemed news, CFO Michael D. Witzeman sold 2,650 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $643.14, for a total transaction of $1,704,321.00. Following the transaction, the chief financial officer now owns 2,882 shares of the company’s stock, valued at approximately $1,853,529.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Spencer S. Lee sold 2,000 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $641.65, for a total value of $1,283,300.00. Following the transaction, the executive vice president now directly owns 20,760 shares in the company, valued at approximately $13,320,654. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,808 shares of company stock valued at $10,184,531. 4.03% of the stock is owned by corporate insiders.

About Chemed

Chemed Corporation provides hospice and palliative care services to patients through a network of physicians, registered nurses, home health aides, social workers, clergy, and volunteers primarily in the United States. The company operates in VITAS and Roto-Rooter segments. It offers plumbing, drain cleaning, excavation, water restoration, and other related services to residential and commercial customers through company-owned branches, independent contractors, and franchisees.