Chemed Corporation (CHE) Releases Earnings Results, Beats Expectations By $0.08 EPS

Chemed Corporation (CHE) reported quarterly earnings results on Monday, Jul-25-2016. The company said it had a profit of $1.80 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $1.72. The company posted revenue of $390.40 million in the period, compared to analysts expectations of $393.76 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.71 EPS.

Many Wall Street Analysts have commented on Chemed Corporation. Company shares were Reiterated by RBC Capital Mkts on May 2, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 136 from a previous price target of $135 .

Chemed Corporation opened for trading at $141.21 and hit $143.75 on the upside on Wednesday, eventually ending the session at $142.42, with a gain of 0.76% or 1.07 points. The heightened volatility saw the trading volume jump to 1,13,218 shares. Company has a market cap of $2,358 M.

In a different news, on May 17, 2016, Donald E Saunders (director) purchased 77 shares at $126.53 per share price. According to the SEC, on Mar 22, 2016, Spencer S Lee (executive vice president) sold 24,382 shares at $132.56 per share price. On Jan 28, 2016, Patrick P Grace (director) sold 50 shares at $138.98 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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