Addus Homecare Corporation (ADUS) Releases Earnings Results, Beats Expectations By $0.01 EPS

Addus Homecare Corporation (ADUS) reported quarterly earnings results on Monday, May-2-2016. The company said it had a profit of $0.28 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.27. The company posted revenue of $92.60 million in the period, compared to analysts expectations of $94.69 million. The company’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

Addus Homecare Corporation closed down -0.28 points or -1.42% at $19.46 with 34,956 shares getting traded on Wednesday. Post opening the session at $20.04, the shares hit an intraday low of $19.07 and an intraday high of $20.04 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Sep 8, 2015, Mark S. Heaney (President and CEO) sold 13,500 shares at $29.16 per share price.

Addus HomeCare Corporation is a provider of home and community-based services which are provided primarily in the home and focused on the dual eligible (Medicare/Medicaid) population. The Company’s services include personal care and assistance with activities of daily living and adult day care. Its consumers are primarily persons who are at risk of hospitalization or institutionalization such as the elderly chronically ill and disabled. Its payor clients include federal state and local governmental agencies managed care organizations commercial insurers and private individuals. The Company provides home and community-based services to over 31000 consumers through over 129 locations across 22 states of the United States including five adult day centers in Illinois. The Company’s services are primarily provided to older adults and younger disabled persons in consumers’ homes on an as-needed hourly basis.

Addus Homecare Corporation

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