Addus HomeCare Corporation, together with its subsidiaries, provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States. It operates through three segments: Personal Care, Hospice, and Home Health. The Personal Care segment provides non-medical assistance with activities of daily living. This segment offers services that include assistance with bathing, grooming, oral care, feeding and dressing, medication reminders, meal planning and preparation, housekeeping, and transportation services. The Hospice segment provides palliative nursing care, social work, spiritual counseling, homemaker, and bereavement counseling services for people who are terminally ill, as well as related services for their families. The Home Health segment offers skilled nursing and physical, occupational, and speech therapy for the individuals who requires assistance during an illness or after hospitalization. The company's payor clients include federal, state, and local governmental agencies; managed care organizations; commercial insurers; and private individuals. As of March 9, 2021, the company served consumers through 212 offices located in 22 states. Addus HomeCare Corporation was founded in 1979 and is headquartered in Frisco, Texas.
IPO Year: 2009
Exchange: NASDAQ
Website: addus.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/11/2024 | $150.00 | Overweight | KeyBanc Capital Markets |
| 6/28/2024 | $136.00 | Outperform | Macquarie |
| 4/23/2024 | $83.00 | Equal Weight → Underweight | Barclays |
| 3/6/2024 | $88.00 | Equal Weight | Barclays |
| 2/5/2024 | Outperform | William Blair | |
| 12/12/2023 | $105.00 | Outperform | TD Cowen |
| 6/29/2022 | $101.00 | Buy | Stifel |
| 4/13/2022 | $110.00 | Buy | BofA Securities |
| 3/10/2022 | $124.00 → $125.00 | Outperform | RBC Capital |
| 11/3/2021 | $137.00 → $124.00 | Outperform | RBC Capital |
10-Q - Addus HomeCare Corp (0001468328) (Filer)
8-K - Addus HomeCare Corp (0001468328) (Filer)
8-K - Addus HomeCare Corp (0001468328) (Filer)
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Macquarie analyst Tao Qiu initiates coverage on Addus HomeCare (NASDAQ:ADUS) with a Outperform rating and announces Price Target of $136.
Addus expects to grant the underwriters a 30-day option to purchase additional shares of its common stock in an amount of up to 225,000 shares of its common stock. Addus intends to use approximately $81.4 million of the net proceeds it receives from this offering for the repayment of all indebtedness outstanding under its credit facility and the remainder for general corporate purposes, including the Company's previously announced acquisition of the personal care assets of Gentiva and any future acquisitions or investments. There are no selling stockholders in the offering.
Throughout the last three months, 8 analysts have evaluated Addus HomeCare (NASDAQ:ADUS), offering a diverse set of opinions from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 4 0 1 0 Last 30D 1 0 0 0 0 1M Ago 0 2 0 0 0 2M Ago 2 1 0 1 0 3M Ago 0 1 0 0 0 Analysts have set 12-month price targets for Addus HomeCare, revealing an average target of $117.38, a high estimate of $130.00, and a low estimate of $83.00. Witnessing a positive shift, the current average has
TD Cowen analyst Ryan Langston maintains Addus HomeCare (NASDAQ:ADUS) with a Buy and raises the price target from $119 to $128.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Telsey Advisory Group cut the price target for Big Lots, Inc. (NYSE:BIG) from $5 to $2.5. Telsey Advisory Group analyst Joseph Feldman maintained a Market Perform rating. Big Lots shares dipped 18.2% to close at $2.88 on Thursday. See how other analysts view this stock. Oppenheimer raised the price target for Addus HomeCare Corporation (NASDAQ:ADUS) from $118 to $130. Oppenheimer analyst Michael Wiederhorn maintained an Outperform rating. Addus HomeCare shares rose 1.2% to close at $116.07 on Thurs
Oppenheimer analyst Michael Wiederhorn maintains Addus HomeCare (NASDAQ:ADUS) with a Outperform and raises the price target from $118 to $130.
Axonics, Inc. (NASDAQ:AXNX), a global medical technology company that is developing and commercializing novel products for the treatment of bladder and bowel dysfunction, today announced the appointment of Esteban López, M.D., MBA, to its board of directors, effective immediately. "Axonics is fortunate to have someone of Dr. López's character and extensive experience join our board of directors," said Raymond W. Cohen, CEO of Axonics. "Given his thought leadership in healthcare, Dr. López will be a valuable adviser to Axonics as we continue to execute on our ambitious growth objectives." Dr. López is the Americas healthcare and life sciences Market Lead at Google Cloud with multinational
Robby Stevenson Named Company's Chief Human Resource Officer Addus HomeCare Corporation (NASDAQ:ADUS), a provider of home care services, announced today that Laurie Manning retired from her position as Executive Vice President and Chief Human Resource Officer, effective June 11, 2021. Robby Stevenson, Senior Vice President of Human Resources, has been promoted to Executive Vice President and Chief Human Resource Officer and will assume leadership in that area. Commenting on the announcement, Dirk Allison, Chairman and Chief Executive Officer, said, "Laurie has played an important role in the growth and success of Addus since she joined the Company in 2017. Our employees are our most impor
FRISCO, Texas, Jan. 11, 2021 /PRNewswire/ -- Addus HomeCare Corporation (NASDAQ: ADUS), a provider of home care services, today announced that Veronica Hill-Milbourne and Esteban López, M.D. have been appointed to the Company's Board of Directors, effective January 11, 2021. Ms. Hill-Milbourne is President and Chief Executive Officer of Spectrum Health Services, Inc., with executive oversight of three Federally Qualified Health Centers located in Philadelphia, Pennsylvania. She previously served as Chief Executive Officer/State Director for Pathways by Atar Capital, with executive oversight of mental and behavioral health home and community-based service programs operating in 30 counties
KeyBanc Capital Markets initiated coverage of Addus HomeCare with a rating of Overweight and set a new price target of $150.00
Macquarie initiated coverage of Addus HomeCare with a rating of Outperform and set a new price target of $136.00
Barclays downgraded Addus HomeCare from Equal Weight to Underweight and set a new price target of $83.00
Barclays initiated coverage of Addus HomeCare with a rating of Equal Weight and set a new price target of $88.00
William Blair resumed coverage of Addus HomeCare with a rating of Outperform
TD Cowen initiated coverage of Addus HomeCare with a rating of Outperform and set a new price target of $105.00
Stifel initiated coverage of Addus HomeCare with a rating of Buy and set a new price target of $101.00
BofA Securities initiated coverage of Addus HomeCare with a rating of Buy and set a new price target of $110.00
RBC Capital reiterated coverage of Addus HomeCare with a rating of Outperform and set a new price target of $125.00 from $124.00 previously
RBC Capital reiterated coverage of Addus HomeCare with a rating of Outperform and set a new price target of $124.00 from $137.00 previously
Addus HomeCare Corporation (NASDAQ:ADUS), a provider of home care services, today announced that Dirk Allison, Chairman and Chief Executive Officer, Brad Bickham, President and Chief Operating Officer, and Brian Poff, Executive Vice President and Chief Financial Officer, will participate in the Stephens Annual Investment Conference, which takes place November 19 - 21 in Nashville, Tennessee. In connection with the conference, there will be a live broadcast and replay of the Company's presentation available under the Investor Relations section of the Company's website, www.addus.com, starting at 9:00 a.m. Eastern Time / 8:00 a.m. Central Time on Tuesday, November 19, 2024. An online replay
Addus HomeCare Corporation (NASDAQ:ADUS), a provider of home care services, today announced its financial results for the third quarter and nine months ended September 30, 2024. Third Quarter 2024 Highlights: Net Service Revenues Increase 7.0% to $289.8 Million Net Income of $20.2 Million, or $1.10 per Diluted Share Adjusted Net Income per Diluted Share Increases 13.0% to $1.30 Adjusted EBITDA Increases 11.1% to $34.3 Million Cash Flow from Operations of $48.5 Million Overview Net service revenues were $289.8 million for the third quarter of 2024, a 7.0% increase compared with $270.7 million for the third quarter of 2023. Net income was $20.2 million for the third quarter of 2
Addus HomeCare Corporation (NASDAQ:ADUS), a provider of home care services, announced today that it will release earnings for the third quarter ended September 30, 2024, on Monday, November 4, 2024, after the market close. Addus HomeCare will host a conference call on Tuesday, November 5, 2024, at 9:00 a.m. Eastern Time. Joining the call from the Company will be Dirk Allison, Chairman and CEO, Brian Poff, Executive Vice President and CFO, and Brad Bickham, President and COO. To access the live call, dial (833) 629-0620 (international dial-in number is (412) 317-1805) and ask to join the Addus HomeCare earnings call. A telephonic replay of the conference call will be available through midni
Addus HomeCare Corporation (NASDAQ:ADUS), a provider of home care services, today announced its financial results for the second quarter and six months ended June 30, 2024. Second Quarter 2024 Highlights: Net Service Revenues Increased 10.4% to $286.9 Million Net Income of $18.1 Million, or $1.10 per Diluted Share Adjusted Net Income per Diluted Share Increased to $1.35 Adjusted EBITDA Increased 24.7% to $35.3 Million Cash Flow from Operations of $18.8 Million Announced a Definitive Agreement to Acquire the Personal Care Operations of Gentiva Announced a Definitive Agreement to Sell the Company's New York Operations Completed a Public Offering of 1,725,000 Shares o
Addus HomeCare Corporation (NASDAQ:ADUS), a provider of home care services, announced today that it will release earnings for the second quarter ended June 30, 2024, on Monday, August 5, 2024, after the market close. Addus HomeCare will host a conference call on Tuesday, August 6, 2024, at 9:00 a.m. Eastern Time. Joining the call from the Company will be Dirk Allison, Chairman and CEO, Brian Poff, Executive Vice President and CFO, and Brad Bickham, President and COO. To access the live call, dial (833) 629-0620 (international dial-in number is (412) 317-1805) and ask to join the Addus HomeCare earnings call. A telephonic replay of the conference call will be available through midnight
Addus HomeCare Corporation (NASDAQ:ADUS) ("Addus" or the "Company"), a provider of home care services, today announced the closing of an underwritten public offering of 1,725,000 shares of its common stock ("Common Stock"), including 225,000 shares of Common Stock sold pursuant to the exercise in full by the underwriters of their option to purchase additional shares, at a public offering price of $108.00 per share. The net proceeds to the Company from the offering, after deducting underwriting discounts and commissions and estimated offering expenses, were approximately $176 million. Addus intends to use approximately $81.4 million of the net proceeds it received from this offering for the
Addus HomeCare Corporation (NASDAQ:ADUS) ("Addus" or the "Company"), a provider of home care services, today announced the pricing of an underwritten public offering of 1,500,000 shares of common stock ("Common Stock") at the public offering price of $108.00 per share. Addus has granted the underwriters a 30-day option to purchase up to 225,000 additional shares of Common Stock on the same terms and conditions. The gross proceeds to the Company from the offering, before deducting underwriting discounts and commissions and estimated offering expenses, are expected to be $162 million, excluding any proceeds from the exercise of the underwriters' option to purchase additional shares from the C
Addus HomeCare Corporation (NASDAQ:ADUS) ("Addus" or the "Company"), a provider of home care services, today announced that it has commenced a proposed public offering of 1,500,000 shares of its common stock. Addus expects to grant the underwriters a 30-day option to purchase additional shares of its common stock in an amount of up to 225,000 shares of its common stock. BofA Securities and Jefferies are acting as joint book-running managers for the offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed or as to the final size or terms of the offering. Addus intends to use approximately $81.4 milli
Company to Add Annualized Revenues of Approximately $280 Million in Seven States and Enter Texas as the State's Largest Personal Care Provider Addus HomeCare Corporation (NASDAQ:ADUS), a provider of home care services, today announced a definitive agreement to acquire the personal care operations of Gentiva for an anticipated purchase price, after customary purchase price adjustments, of approximately $350 million. Based in Atlanta, Georgia, Gentiva is a dedicated hospice, palliative, and personal care services company and the transaction relates only to its personal care operations, which serve over 16,000 patients per day in a seven-state service area of Arizona, Arkansas, California, M
Addus HomeCare Corporation (NASDAQ:ADUS), a provider of home care services, today announced that Dirk Allison, Chairman and Chief Executive Officer, Brad Bickham, President and Chief Operating Officer, and Brian Poff, Executive Vice President and Chief Financial Officer, will participate in the 2024 Jefferies Global Healthcare Conference, which takes place on June 4 - 6, 2024, in New York City. In connection with the conference, there will be a live broadcast and replay of the Company's presentation available under the Investor Relations section of the Company's website, www.addus.com, starting at 12:30 p.m. Eastern Time / 11:30 a.m. Central Time on Wednesday, June 5, 2024. An online repl
Addus HomeCare Corporation (NASDAQ:ADUS), a provider of home care services, announced today that it will release earnings for the third quarter ended September 30, 2024, on Monday, November 4, 2024, after the market close. Addus HomeCare will host a conference call on Tuesday, November 5, 2024, at 9:00 a.m. Eastern Time. Joining the call from the Company will be Dirk Allison, Chairman and CEO, Brian Poff, Executive Vice President and CFO, and Brad Bickham, President and COO. To access the live call, dial (833) 629-0620 (international dial-in number is (412) 317-1805) and ask to join the Addus HomeCare earnings call. A telephonic replay of the conference call will be available through midni
Addus HomeCare Corporation (NASDAQ:ADUS), a provider of home care services, announced today that it will release earnings for the second quarter ended June 30, 2024, on Monday, August 5, 2024, after the market close. Addus HomeCare will host a conference call on Tuesday, August 6, 2024, at 9:00 a.m. Eastern Time. Joining the call from the Company will be Dirk Allison, Chairman and CEO, Brian Poff, Executive Vice President and CFO, and Brad Bickham, President and COO. To access the live call, dial (833) 629-0620 (international dial-in number is (412) 317-1805) and ask to join the Addus HomeCare earnings call. A telephonic replay of the conference call will be available through midnight
Addus HomeCare Corporation (NASDAQ:ADUS), a provider of home care services, today announced its financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights: Revenues Grow 11.6% to $280.7 Million Net Income of $15.8 Million, or $0.97 per Diluted Share Adjusted Net Income per Diluted Share Increases to $1.21 Adjusted EBITDA Increases 24.6% to $32.4 Million Cash Flow from Operations of $38.7 Million Overview Net service revenues were $280.7 million for the first quarter of 2024, an 11.6% increase compared with $251.6 million for the first quarter of 2023. Net income was $15.8 million for the first quarter of 2024, compared with $12.7 millio
Addus HomeCare Corporation (NASDAQ:ADUS), a provider of home care services, announced today that it will release earnings for the first quarter ended March 31, 2024, on Monday, May 6, 2024, after the market close. Addus HomeCare will host a conference call on Tuesday, May 7, 2024, at 9:00 a.m. Eastern time. Joining the call from the Company will be Dirk Allison, Chairman and CEO, Brian Poff, Executive Vice President and CFO, and Brad Bickham, President and COO. To access the live call, dial (833) 629-0620 (international dial-in number is (412) 317-1805) and ask to join the Addus HomeCare earnings call. A telephonic replay of the conference call will be available through midnight on May 14
Addus HomeCare Corporation (NASDAQ:ADUS), a provider of home care services, today announced its financial results for the fourth quarter and year ended December 31, 2023. Fourth Quarter 2023 Highlights: Net Service Revenues Grow 11.9% to $276.4 Million Net Income of $19.6 Million, or $1.20 per Diluted Share Adjusted Net Income per Diluted Share Increases 18.9% year-over-year to $1.32 Adjusted EBITDA Increases 21.3% year-over-year to $34.3 Million Cash Flow from Operations of $30.0 Million Overview Net service revenues were $276.4 million for the fourth quarter of 2023, an 11.9% increase compared with $247.1 million for the fourth quarter of 2022. Net income was $19.6 m
Addus HomeCare Corporation (NASDAQ:ADUS), a provider of home care services, announced today that it will release earnings for the fourth quarter and year-ended December 31, 2023, on Monday, February 26, 2024, after the market close. Addus HomeCare will host a conference call on Tuesday, February 27, 2024, at 9:00 a.m. Eastern time. Joining the call from the Company will be Dirk Allison, Chairman and CEO, Brian Poff, Executive Vice President and CFO, and Brad Bickham, President and COO. To access the live call, dial (833) 629-0620 (international dial-in number is (412) 317-1805) and ask to join the Addus HomeCare earnings call. A telephonic replay of the conference call will be available t
Addus HomeCare Corporation (NASDAQ:ADUS), a provider of home care services, today announced its financial results for the third quarter and nine months ended September 30, 2023. Third Quarter 2023 Highlights: Net Service Revenues Grow 12.6% to $270.7 Million Net Income of $15.4 Million, or $0.95 per Diluted Share Adjusted Net Income per Diluted Share Increases 22.3% year-over-year to $1.15 Adjusted EBITDA Increases 20.0% year-over-year to $30.9 Million Cash Flow from Operations of $21.8 Million Overview Net service revenues were $270.7 million for the third quarter of 2023, a 12.6% increase compared with $240.5 million for the third quarter of 2022. Net income was $15.
Addus HomeCare Corporation (NASDAQ:ADUS), a provider of home care services, announced today that it will release earnings for the third quarter ended September 30, 2023, on Monday, October 30, 2023, after the market close. Addus HomeCare will host a conference call on Tuesday, October 31, 2023, at 9:00 a.m. Eastern time. Joining the call from the Company will be Dirk Allison, Chairman and CEO, Brian Poff, Executive Vice President and CFO, and Brad Bickham, President and COO. To access the live call, dial (833) 629-0620 (international dial-in number is (412) 317-1805) and ask to join the Addus HomeCare earnings call. A telephonic replay of the conference call will be available through midn
Company Adds Significant Clinical Market Presence in Tennessee with Annualized Revenues of Approximately $40 Million Addus HomeCare Corporation (NASDAQ:ADUS), a provider of home care services, today announced it has completed the acquisition of the entities comprising Tennessee Quality Care, a provider of home health, hospice, and private duty nursing services. Based in Franklin, Tennessee, Tennessee Quality Care serves an average daily census of approximately 1,800 patients through 17 locations covering a service area of over 50 counties in Tennessee. Addus funded the acquisition through a combination of cash on hand and the Company's revolving credit facility. Commenting on the announ
Addus HomeCare Corporation (NASDAQ:ADUS), a provider of home care services, today announced its financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Highlights: Net Service Revenues Grow 9.7% to $260.0 Million Net Income of $14.9 Million, or $0.91 per Diluted Share Adjusted Net Income per Diluted Share Increases 17.6% year-over-year to $1.07 Adjusted EBITDA Increases year-over-year 12.7% to $28.3 Million Cash Flow from Operations of $41.6 Million Announced a definitive agreement to acquire the home health, hospice and private duty nursing operations of Tennessee Quality Care, which services patients in over 50 counties in Tennessee. Overvi