Chemed Corp. (NYSE:CHE) is expected to report third quarter earnings results, after market close, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 3.97 per share.
Looking ahead, the full year income are expected at $ 16.35 per share on the revenues of $ 2077.95 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 16.20 ~ $ 16.40 per share
Click Here For More Historical Outlooks Of Chemed Corp.
Previous Quarter Performance
Chemed Corp. revealed income for the second quarter of $ 4.41 per share, from the revenue of $ 502.20 million. The quarterly earnings increased 31.25 percent while revenues improved 6.04 percent compared with the same quarter last year.
According to street consensus, CHE was expected to report 2Q20 income of $ 3.75 per share from revenue of $ 522.89 million. The bottom line results beat street analysts by $ 0.66 or 17.60 percent, at the same time, top line results fell short of analysts by $ 20.69 million or 3.96 percent.
Stock Performance
Shares of Chemed Corp. traded low $ -11.60 or -2.40 percent on Wednesday, reaching $ 472.66 with volume of 49.70 thousand shares. Chemed Corp. has traded high as $ 481.91 and has cracked $ 472.64 on the downward trend
According to the previous trading day, closing price of $ 472.66, representing a 46.74 % increase from the 52 week low of $ 330.01 and a 8.33 % decrease over the 52 week high of $ 528.29.
The company has a market capital of $ 7.52 billion and is part of the Healthcare sector and Medical Care industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.34 per share on August 6, 2020. The dividend were payable on September 4, 2020 to holders of record as of the close of business on August 17, 2020 and ex-dividend date on August 14, 2020.
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 in the United States. It operates through two segments, VITAS and Roto-Rooter. The company also offers plumbing, drain cleaning, water restoration, and other related services to residential and commercial customers through company-owned and independent contractors, and franchised locations.
