Addus HomeCare Posts 3Q EPS of $1.54
ADUS sits 44% above its 52-week low of $87.95 on elevated volume (2.1× avg).
Summary
Addus HomeCare reported third-quarter earnings per share of $1.54, per Dow Jones Newswires, alongside revenue that rose 7.0% to $387.7M. On an adjusted basis, earnings per share rose 17.3% to $1.83, adjusted EBITDA rose 13.5% to $51.2M, net income was $28.6M and operating cash flow was $40.9M. The print lands with the stock trading near its 52-week high of $127.08, so expectations were already elevated. It follows a busy stretch: the September 14th agreement to buy AccentCare's personal care division for $275 million in cash, adding roughly $280 million in revenue, and the August 13th 8-K naming Brad Bickham as returning COO after Heather Dixon's departure.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Addus Q3 adjusted EPS rose 17.3% to $1.83 and adjusted EBITDA rose 13.5% to $51.2M; net income was $28.6M and operating cash flow $40.9M.
At the time of this announcement, ADUS was trading at $126.55 on NASDAQ in the Life Sciences sector, with a market capitalization of approximately $2.4B. The 52-week trading range was $87.95 to $127.08. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.