Earnings from Chemed Corporation [CHE] are scheduled on April 27, 2021, after the market closes. It is expected that the company will report strong earnings for the quarter ending Mar 2021.
CHE Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn $4.02 per share on revenue of $510.26M. Taking a look at the future, the company is projected to report revenue of $500.08M at an earnings per share of $4.17 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 5.50% in revenue and 6.51% in earnings per share for the company.
CHE Stock Earnings Forecast For The Current Year
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For the full financial year, Chemed Corporation [NYSE:CHE] is forecasted to generate revenue of $2.07B. The figure is about $-10.0 million below what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $17.01 in 2021, which is -$1.07 lower than the figure in FY20. Based on current estimates, earnings are expected to grow -5.90% this year, 8.10% next year, and 6.95% annually over the next five years. With regard to sales, forecasts suggest a decline of -0.60% in current fiscal year and 5.50% over following year.
CHE Stock Price Performance
At a recent check today, Chemed Corporation [NYSE:CHE] finished up 0.29% at $467.36. The stock’s day high price was $471.55, and its lowest was $464.49. Its price fall -3.28% in the last five days. Since the beginning of the year, Chemed Corporation’s shares are down nearly -12.50%. However, the share price is -16.54% below its one year high. The top price reached by the shares of the company was $560.00 on 01/26/21, while the 52-week low came on 03/05/21, when the shares were $417.41. In the past year, shares of the company have risen 2.20%. At 50 days, the moving average achieved is $461.24 while at 200 days, the moving average is $489.42. There were 17443.0 shares traded in the last session, down from 56000.0 in the previous session.
Chemed Corporation [NYSE:CHE] Stock Valuation Metrics
With a prevailing 12-month PE ratio of 23.90, Chemed Corporation [CHE] does qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a discount to the industry average of 32.30 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 3.62 PS value ratio is reported for the last one year of reported earnings. This is above the average return 2.65 for the industry, which means CHE offers an unattractive investment opportunity than its competitors do.
CHE Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 465.57 level, and the violation of this level will cause a further drop to 463.15 level. At the upper end, 477.27 remains a key resistance. As the stock increases, it may find resistance at 474.41. In the 14-day chart, the Relative Strength Index standing at 49.39 suggests a technical neutral stance while the MACD standing at -3.86 indicates price will decrease in the next trading period. Stochastic %K at 32.44% suggests holding the stock while Percent R indicator at 72.78% suggests bearish price movement.
How much is the short interest in Chemed Corporation?
There have been a drop in short interest in the Chemed Corporation Financial stock, with short interest up by 92540.0 shares to 0.14 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 0.23 million shares. This -68.39% decrease suggests some bullish sentiment was experienced by the stock. Shorted shares accounted for just 1.66% of the overall float in the stock, while the stock’s days to cover moved to 2.12.
How do analysts view Chemed Corporation?
In regard to the share price forecast for Chemed Corporation stock, the analysts, as surveyed by FactSet, forecast the price to reach $600.00 in the next twelve months, representing almost an 22.11% growth from its recent price of $467.36. Among Chemed Corporation stock projections, $605.00 is the highest analyst target for the stock, while $580.00 is the lowest. Despite this, 3 analysts who share their consensus rating for CHE in 2021 agree that the stock is a Buy. The latest rating change took place on 2/25/21, when Oppenheimer Ratings launched coverage of the stock at “Outperform” and assigned a price target of $580.0.