Chemed Corporation (CHE) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 136 from a previous price target of $135 . RBC Capital Mkts advised their investors in a research report released on May 2, 2016.
On the company’s financial health, Chemed Corporation reported $1.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $1.60. The company had revenue of $390.40 million for the quarter, 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.