News Watch-List: Addus HomeCare Corporation (Nasdaq: ADUS)

Addus HomeCare Corporation (Nasdaq: ADUS) spotted trading -6.20% off 52-week high price. On the other end, the stock has been noted 50.41% away from the low price over the last 52-weeks. The stock changed -0.94% to recent value of $87.15. The stock transacted 156912 shares during most recent day however it has an average volume of 104.61K shares. The company has 13.21M of outstanding shares and 12.99M shares were floated in the market.  

Addus HomeCare Corporation (Nasdaq: ADUS) (“Addus” or the “Company”), a provider of comprehensive home care services, today announced that it has commenced a proposed public offering of 2,000,000 shares of its common stock. In addition, funds affiliated with Eos Partners (the “Selling Stockholders”) intend to offer 500,000 shares. Addus expects to grant the underwriters a 30-day option to purchase up to 300,000 additional shares of its common stock at the public offering price, and the Selling Stockholders expect to grant the underwriters a 30-day option to purchase up to 75,000 additional shares. Addus will not receive any proceeds from the sale of the shares of common stock by the Selling Stockholders.

Jefferies LLC, RBC Capital Markets, LLC and Raymond James & Associates, Inc. are acting as joint book-running managers for the offering. Robert W. Baird & Co. Incorporated, Oppenheimer & Co. Inc., Stephens Inc., William Blair & Company, L.L.C., BMO Capital Markets Corp., and Sidoti & Company, LLC are acting as co-managers. 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.

 Its earnings per share (EPS) expected to touch remained 20.50% for this year while earning per share for the next 5-years is expected to reach at 15.00%. ADUS has a gross margin of 27.00% and an operating margin of 4.70% while its profit margin remained 3.30% for the last 12 months. 

 According to the most recent quarter its current ratio was 2.8 that represents company’s ability to meet its current financial obligations. The price moved ahead of 2.17% from the mean of 20 days, 8.13% from mean of 50 days SMA and performed 23.50% from mean of 200 days price. Company’s performance for the week was -2.01%, 9.28% for month and YTD performance remained 28.39%.

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