Chemed Corporation (CHE) Releases Earnings Results, Beats Expectations By $0.02 EPS

Chemed Corporation (CHE) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $1.62 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $1.60. The company posted revenue of $390.40 million in the period, compared to analysts expectations of $392.03 million. The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.54 EPS.

Chemed Corporation opened for trading at $138.73 and hit $139.53 on the upside on Wednesday, eventually ending the session at $139.03, with a gain of 0.05% or 0.07 points. The heightened volatility saw the trading volume jump to 89,670 shares. Company has a market cap of $2,362 M.

In a different news, on Mar 22, 2016, Spencer S Lee (executive vice president) sold 24,382 shares at $132.56 per share price. According to the SEC, on Jan 28, 2016, Patrick P Grace (director) sold 50 shares at $138.98 per share price. On Dec 14, 2015, David Patrick Williams (executive vice president & CFO) sold 5,000 shares at $151.71 per share price, according to the Form-4 filing with the securities and exchange commission.

Chemed Corporation (Chemed) purchases operates and divests subsidiaries engaged in diverse business activities. The Company operates its business in two segments: the VITAS segment (VITAS) and the Roto-Rooter segment (Roto-Rooter). The Company’s VITAS segment provides hospice and palliative care services to its patients through a network of physicians registered nurses home health aides social workers clergy and volunteers. VITAS and Innovative Hospice Care are trademarks and service marks of VITAS Healthcare Corporation a wholly owned indirect subsidiary of the Company. The Company’s Roto-Rooter segment provides plumbing and drain cleaning services to both residential and commercial customers. The Roto-Rootera trademarks and service marks are used and advertised by Roto-Rooter Corporation a wholly owned indirect subsidiary of the Company. The Company operates through two wholly owned subsidiaries: VITAS Healthcare Corporation and Roto-Rooter Group Inc.

Chemed Corporation

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