Chemed (CHE) Releases FY18 Earnings Guidance

Chemed (NYSE:CHE) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $10.60-10.85 for the period, compared to the Thomson Reuters consensus estimate of $10.01.

Shares of Chemed (CHE) traded down $9.47 during trading on Thursday, reaching $244.26. The company’s stock had a trading volume of 31,601 shares, compared to its average volume of 94,766. The company has a quick ratio of 0.48, a current ratio of 0.50 and a debt-to-equity ratio of 0.15. The stock has a market cap of $3,981.60, a PE ratio of 56.38 and a beta of 1.13. Chemed has a 1-year low of $170.69 and a 1-year high of $275.83.

Chemed (NYSE:CHE) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $2.32 EPS for the quarter, topping the Zacks’ consensus estimate of $2.27 by $0.05. The business had revenue of $428.35 million for the quarter, compared to analysts’ expectations of $423.83 million. Chemed had a return on equity of 27.69% and a net margin of 4.62%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.10 EPS.

A number of equities research analysts have recently weighed in on CHE shares. TheStreet upgraded Chemed from a c+ rating to an a- rating in a research report on Friday, October 27th. Zacks Investment Research upgraded Chemed from a hold rating to a buy rating and set a $251.00 price objective on the stock in a research report on Thursday, November 2nd. KeyCorp reiterated a hold rating on shares of Chemed in a research report on Friday, October 27th. ValuEngine lowered Chemed from a buy rating to a hold rating in a research report on Friday, December 1st. Finally, Oppenheimer lifted their price objective on Chemed from $220.00 to $225.00 and gave the stock an outperform rating in a research report on Friday, October 27th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $236.00.

In other Chemed news, VP Naomi C. Dallob sold 950 shares of the business’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $240.38, for a total value of $228,361.00. Following the sale, the vice president now directly owns 9,747 shares of the company’s stock, valued at $2,342,983.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Spencer S. Lee sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $238.24, for a total value of $238,240.00. Following the completion of the sale, the insider now directly owns 34,809 shares in the company, valued at $8,292,896.16. The disclosure for this sale can be found here. Insiders have sold 13,950 shares of company stock worth $3,370,681 over the last 90 days. 4.90% of the stock is currently owned by corporate insiders.

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Chemed Company Profile

Chemed Corporation purchases, operates and divests subsidiaries engaged in various business activities. The Company operates through two segments: the VITAS segment (VITAS) and the Roto-Rooter segment (Roto-Rooter). The Company’s VITAS provides hospice and palliative care services to its patients through a network of physicians, registered nurses, home health aides, social workers, clergy and volunteers.

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