Revenue Update on Addus Homecare Corporation(NASDAQ:ADUS)

Addus Homecare Corporation(NASDAQ:ADUS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $100.93M. Analysts estimated a revenue of $101.41M. Earnings per share were $0.31. Analysts had estimated an EPS of $0.31.

Addus Homecare Corporation (ADUS) made into the market gainers list on Mondays trading session with the shares advancing 0.10% or 0.02 points. Due to strong positive momentum, the stock ended at $20.51, which is also near the day’s high of $20.69. The stock began the session at $20.18 and the volume stood at 19,615 shares. The 52-week high of the shares is $38.08 and the 52 week low is $15.33. The company has a current market capitalization of $235 M and it has 1,14,48,306 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Sep 22, 2015, Mark L First (director 10% owner) sold 126,629 shares at $32.49 per share price.Also, On Sep 8, 2015, Mark S. Heaney (President and CEO) sold 13,500 shares at $29.16 per share price.

Addus HomeCare Corporation is a provider of home and community-based services which are provided primarily in the home and focused on the dual eligible (Medicare/Medicaid) population. The Company’s services include personal care and assistance with activities of daily living and adult day care. Its consumers are primarily persons who are at risk of hospitalization or institutionalization such as the elderly chronically ill and disabled. Its payor clients include federal state and local governmental agencies managed care organizations commercial insurers and private individuals. The Company provides home and community-based services to over 31000 consumers through over 129 locations across 22 states of the United States including five adult day centers in Illinois. The Company’s services are primarily provided to older adults and younger disabled persons in consumers’ homes on an as-needed hourly basis.

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