Today, SunTrust Banks Analysts Reduce Earnings Estimates for Almost Family Inc. (AFAM)

Today, SunTrust Banks Analysts Reduce Earnings Estimates for Almost Family Inc. (AFAM)

Almost Family Inc. (NASDAQ:AFAM) – Investment analysts at SunTrust Banks decreased their FY2016 earnings per share estimates for Almost Family in a research report issued on Monday. SunTrust Banks analyst D. Macdonald now expects that the firm will post earnings per share of $2.44 for the year, down from their prior estimate of $2.45. SunTrust Banks also issued estimates for Almost Family’s Q4 2016 earnings at $0.64 EPS, Q1 2017 earnings at $0.58 EPS, Q2 2017 earnings at $0.62 EPS, Q3 2017 earnings at $0.67 EPS, Q4 2017 earnings at $0.76 EPS and FY2017 earnings at $2.62 EPS.

Almost Family (NASDAQ:AFAM) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.07. Almost Family had a net margin of 2.74% and a return on equity of 8.86%. The company earned $160.40 million during the quarter, compared to the consensus estimate of $159.17 million. During the same period in the prior year, the firm earned $0.52 earnings per share. Almost Family’s revenue was up 22.3% on a year-over-year basis.

AFAM has been the topic of a number of other reports. Royal Bank Of Canada upgraded shares of Almost Family from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $48.00 to $55.00 in a report on Wednesday, October 19th. Zacks Investment Research upgraded shares of Almost Family from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Thursday, August 4th. RBC Capital Markets upgraded shares of Almost Family from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $48.00 to $55.00 in a report on Wednesday, October 19th. Robert W. Baird upgraded shares of Almost Family from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $44.00 to $55.00 in a report on Thursday, November 3rd. Finally, Jefferies Group restated a “buy” rating and issued a $58.00 target price on shares of Almost Family in a report on Friday, November 4th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Almost Family has an average rating of “Buy” and a consensus target price of $51.50.

Almost Family (NASDAQ:AFAM) opened at 41.95 on Wednesday. The company has a 50-day moving average of $40.02 and a 200-day moving average of $40.10. Almost Family has a 1-year low of $34.08 and a 1-year high of $44.64. The company has a market capitalization of $426.67 million, a P/E ratio of 25.53 and a beta of 0.82.

Institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its position in Almost Family by 4.5% in the second quarter. Ameriprise Financial Inc. now owns 42,305 shares of the company’s stock worth $1,802,000 after buying an additional 1,835 shares in the last quarter. ClariVest Asset Management LLC boosted its stake in Almost Family by 1.2% in the second quarter. ClariVest Asset Management LLC now owns 106,471 shares of the company’s stock valued at $4,538,000 after buying an additional 1,232 shares during the period. Chartwell Investment Partners LLC bought a new stake in Almost Family during the second quarter valued at about $2,418,000. California State Teachers Retirement System boosted its stake in Almost Family by 10.9% in the second quarter. California State Teachers Retirement System now owns 17,001 shares of the company’s stock valued at $724,000 after buying an additional 1,666 shares during the period. Finally, First Midwest Bank Trust Division boosted its stake in Almost Family by 45.0% in the second quarter. First Midwest Bank Trust Division now owns 23,952 shares of the company’s stock valued at $1,021,000 after buying an additional 7,429 shares during the period. 76.32% of the stock is owned by hedge funds and other institutional investors.

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