Amedisys Inc (AMED) Forecasted to Earn Q1 2019 Earnings of $0.63 Per Share

Amedisys Inc (NASDAQ:AMED) – Equities researchers at Oppenheimer issued their Q1 2019 earnings per share (EPS) estimates for shares of Amedisys in a note issued to investors on Tuesday. Oppenheimer analyst M. Wiederhorn forecasts that the health services provider will post earnings of $0.63 per share for the quarter. Oppenheimer also issued estimates for Amedisys’ Q2 2019 earnings at $0.71 EPS, Q3 2019 earnings at $0.71 EPS, Q4 2019 earnings at $0.74 EPS and FY2019 earnings at $2.79 EPS.

AMED has been the topic of several other research reports. Mizuho upgraded Amedisys from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $55.00 to $65.00 in a report on Thursday, November 2nd. Benchmark upgraded Amedisys from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Thursday, November 2nd. Craig Hallum reiterated a “buy” rating and issued a $68.00 price objective (up previously from $55.00) on shares of Amedisys in a report on Thursday, November 9th. Jefferies Group reiterated a “buy” rating and issued a $60.00 price objective on shares of Amedisys in a report on Thursday, October 12th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $60.00 price objective on shares of Amedisys in a report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $61.00.

Amedisys (NASDAQ:AMED) traded up $0.80 during mid-day trading on Wednesday, hitting $55.59. The company had a trading volume of 161,189 shares, compared to its average volume of 354,700. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market cap of $1,891.63, a P/E ratio of 44.47, a PEG ratio of 1.19 and a beta of 0.71. Amedisys has a 52-week low of $43.48 and a 52-week high of $65.91.

Amedisys (NASDAQ:AMED) last posted its earnings results on Tuesday, November 7th. The health services provider reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.02. Amedisys had a return on equity of 14.68% and a net margin of 2.88%. The company had revenue of $380.20 million for the quarter, compared to the consensus estimate of $384.59 million. During the same quarter in the previous year, the business earned $0.36 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis.

Hedge funds and other institutional investors have recently modified their holdings of the business. UBS Asset Management Americas Inc. increased its holdings in Amedisys by 23.9% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 14,572 shares of the health services provider’s stock worth $915,000 after purchasing an additional 2,812 shares during the period. Wells Fargo & Company MN increased its holdings in Amedisys by 29.7% during the 3rd quarter. Wells Fargo & Company MN now owns 1,484,041 shares of the health services provider’s stock worth $83,048,000 after purchasing an additional 339,825 shares during the period. Castleark Management LLC purchased a new stake in Amedisys during the 2nd quarter worth about $3,674,000. Assenagon Asset Management S.A. purchased a new stake in Amedisys during the 3rd quarter worth about $1,212,000. Finally, Bank of New York Mellon Corp increased its holdings in Amedisys by 10.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 846,575 shares of the health services provider’s stock worth $47,375,000 after purchasing an additional 82,247 shares during the period. Institutional investors own 94.50% of the company’s stock.

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About Amedisys

Amedisys, Inc is a healthcare services company. The Company’s segments are Home Health, Hospice, Personal Care and Other. The Company is a provider of home health, hospice and personal care services. As of December 31, 2016, the Company owned and operated 327 Medicare-certified home healthcare centers, 79 Medicare-certified hospice care centers and 14 personal-care care centers in 34 states within the United States and the District of Columbia.

Earnings History and Estimates for Amedisys (NASDAQ:AMED)

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