Almost Family Inc (NASDAQ:AFAM)‘s stock had its “hold” rating reiterated by equities research analysts at SunTrust Banks, Inc. in a report issued on Friday, November 10th. They presently have a $58.00 price objective on the stock. SunTrust Banks, Inc.’s target price indicates a potential downside of 9.87% from the company’s previous close. SunTrust Banks also issued estimates for Almost Family’s Q4 2017 earnings at $0.56 EPS and FY2017 earnings at $2.09 EPS.
Other research analysts have also recently issued reports about the stock. BidaskClub cut shares of Almost Family from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. ValuEngine downgraded shares of Almost Family from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. J P Morgan Chase & Co raised their target price on shares of Almost Family to $59.00 and gave the company a “neutral” rating in a research note on Wednesday, November 8th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Almost Family in a research note on Wednesday, October 11th. Finally, Robert W. Baird reissued a “hold” rating and set a $55.00 target price on shares of Almost Family in a research note on Tuesday, September 19th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $60.67.
Almost Family (NASDAQ AFAM) opened at $64.35 on Friday. The company has a market cap of $856.93, a price-to-earnings ratio of 28.80, a price-to-earnings-growth ratio of 3.01 and a beta of 0.40. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.40 and a quick ratio of 2.40. Almost Family has a 12 month low of $39.34 and a 12 month high of $66.15.
Almost Family (NASDAQ:AFAM) last issued its earnings results on Tuesday, November 7th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $194.30 million during the quarter, compared to the consensus estimate of $199.93 million. Almost Family had a net margin of 2.02% and a return on equity of 6.12%. The company’s revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.66 earnings per share. sell-side analysts forecast that Almost Family will post 2.08 EPS for the current year.
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In other news, SVP John Shermyen sold 2,000 shares of the stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $52.00, for a total value of $104,000.00. Following the completion of the transaction, the senior vice president now owns 79,864 shares in the company, valued at approximately $4,152,928. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Jonathan Goldberg sold 10,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $60.08, for a total transaction of $600,800.00. Following the completion of the sale, the director now directly owns 44,803 shares in the company, valued at approximately $2,691,764.24. The disclosure for this sale can be found here. 13.10% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in AFAM. Parametric Portfolio Associates LLC raised its position in shares of Almost Family by 6.9% in the 1st quarter. Parametric Portfolio Associates LLC now owns 28,602 shares of the company’s stock valued at $1,390,000 after acquiring an additional 1,844 shares during the period. Prudential Financial Inc. raised its holdings in Almost Family by 34.1% during the 1st quarter. Prudential Financial Inc. now owns 20,512 shares of the company’s stock worth $997,000 after buying an additional 5,220 shares during the period. American International Group Inc. raised its holdings in Almost Family by 9.4% during the 1st quarter. American International Group Inc. now owns 6,641 shares of the company’s stock worth $323,000 after buying an additional 572 shares during the period. Municipal Employees Retirement System of Michigan raised its holdings in Almost Family by 32.3% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 2,620 shares of the company’s stock worth $127,000 after buying an additional 640 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Almost Family by 38.2% during the 1st quarter. Principal Financial Group Inc. now owns 91,132 shares of the company’s stock worth $4,429,000 after buying an additional 25,190 shares during the period. Institutional investors own 83.26% 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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