Chemed (CHE) to Release Earnings on Wednesday

Chemed (NYSE:CHE) will post its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Chemed to post earnings of $5.09 per share for the quarter. Chemed has set its FY24 guidance at $23.30-$23.70 EPS and its FY 2024 guidance at 23.300-23.700 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Chemed (NYSE:CHE) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $6.60 earnings per share for the quarter, beating the consensus estimate of $6.25 by $0.35. The business had revenue of $585.90 million for the quarter, compared to the consensus estimate of $586.64 million. Chemed had a return on equity of 32.29% and a net margin of 12.03%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.39 EPS. On average, analysts expect Chemed to post $22 EPS for the current fiscal year and $24 EPS for the next fiscal year.

Chemed Stock Up 0.7 %

Shares of CHE stock opened at $604.56 on Tuesday. The stock has a market cap of $9.14 billion, a PE ratio of 33.74, a price-to-earnings-growth ratio of 2.41 and a beta of 0.42. The business has a 50-day simple moving average of $622.33 and a 200-day simple moving average of $589.76. Chemed has a 52-week low of $492.84 and a 52-week high of $654.62.

Chemed Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, February 26th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.60 annualized dividend and a dividend yield of 0.26%. Chemed’s dividend payout ratio (DPR) is presently 8.93%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CHE. Royal Bank of Canada boosted their price objective on Chemed from $604.00 to $712.00 and gave the company an “outperform” rating in a report on Monday, March 4th. Oppenheimer upped their price target on Chemed from $625.00 to $650.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th.

Insider Buying and Selling at Chemed

In other Chemed news, EVP Spencer S. Lee sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $641.65, for a total transaction of $1,283,300.00. Following the completion of the transaction, the executive vice president now owns 20,760 shares of the company’s stock, valued at $13,320,654. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Michael D. Witzeman sold 2,650 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $643.14, for a total value of $1,704,321.00. Following the completion of the sale, the chief financial officer now directly owns 2,882 shares in the company, valued at $1,853,529.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Spencer S. Lee sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $641.65, for a total value of $1,283,300.00. Following the completion of the sale, the executive vice president now owns 20,760 shares of the company’s stock, valued at $13,320,654. The disclosure for this sale can be found here. Insiders sold 15,808 shares of company stock valued at $10,184,531 over the last quarter. 4.03% of the stock is currently owned by insiders.

Chemed Company Profile

Chemed Corporation provides hospice and palliative care services to patients through a network of physicians, registered nurses, home health aides, social workers, clergy, and volunteers primarily in the United States. The company operates in VITAS and Roto-Rooter segments. It offers plumbing, drain cleaning, excavation, water restoration, and other related services to residential and commercial customers through company-owned branches, independent contractors, and franchisees.