Analysts at William Blair have revised their Q3 2023 Earnings per share estimates for Addus Homecare (NASDAQ:ADUS). The analysts now anticipate that the company will post earnings per share of $0.96 for the quarter, up from their previous forecast of $0.95. The consensus estimate for Addus HomeCare’s full-year earnings is $3.66 per share.

William Blair also issued estimates for Addus HomeCare’s future earnings, including Q4 2023 earnings at $1.08 EPS, Q2 2024 earnings at $1.11 EPS, Q4 2024 earnings at $1.09 EPS, and FY2024 earnings at $4.25 EPS.

Several other research firms have also weighed in on ADUS. Royal Bank of Canada reduced their price objective on Addus HomeCare in a research note. StockNews.com also downgraded Addus HomeCare from a “strong-buy” rating to a “buy” rating. Raymond James raised their target price on Addus HomeCare and gave the stock an “outperform” rating. Oppenheimer reaffirmed an “outperform” rating and issued a target price on shares of Addus HomeCare. Stephens raised their target price on Addus HomeCare and gave the stock an “overweight” rating.

Shares of Addus HomeCare opened at $94.74 on Friday. The stock has a fifty-day moving average price of $91.22 and a two-hundred-day moving average price of $98.24. The company has a market cap of $1.54 billion, a P/E ratio of 28.62, a PEG ratio of 2.07, and a beta of 0.85.

Addus HomeCare last reported its quarterly earnings results on May 1st. The company beat analysts’ consensus estimates for earnings per share, reporting $0.84 EPS for the quarter. The firm had revenue of $251.60 million during the quarter.

Large investors have recently made changes to their positions in the business. Institutional investors and hedge funds own 96.42% of the company’s stock.

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