Key Developments For Res-Care, Inc.
Res-Care, Inc. (RSCR.O) (Nasdaq)
ResCare, Inc. Confirms FY 2009 Guidance
ResCare, Inc. confirmed fiscal 2009 guidance for revenue of $1.60 to $1.63 billion and $1.30 to $1.34 per diluted common share. According to Reuters Estimates, analysts on an average are expecting the Company to report earnings per share (EPS) $1.32 on revenue of $1.61 billion for the same period.
ResCare, Inc. Acquires New Jersey Home Care Business
ResCare, Inc. announced that it has acquired the assets of All Quality Care, a Newton, New Jersey, home care agency providing hourly nursing and aide services, case management, wound care, pediatric and IV therapy as well as other services to assist people in their homes. All Quality Care will be a part of ResCare HomeCare. Terms were not disclosed.
ResCare, Inc. Lowers FY 2009 Outlook
ResCare, Inc. announced that for fiscal 2009, it has lowered revenue outlook from the previous range of $1.61 billion to $1.67 billion to $1.60 billion to $1.63 billion. The Company also lowered diluted earnings per common share (EPS) from continuing operations outlook from the previous range of $1.52 to $1.58 to $1.30 to $1.34. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $1.61 billion and EPS of $1.53 for fiscal 2009. The Company cited that higher workers' compensation costs and lower expected full-year revenues as the main reasons for lowering fiscal 2009 EPS outlook.
ResCare, Inc. Confirms FY 2009 Guidance
ResCare, Inc. confirmed fiscal 2009 guidance of diluted earnings per common share (EPS) from continuing operations in the range of $1.52 to $1.58 and revenues of $1.61 to $1.67 billion. According to Reuters Estimates, analysts on an average are expecting the Company to report EPS of $1.54 on revenue of $1.63 billion for the same period.
ResCare, Inc. Acquires Washington State Home Care Company
ResCare, Inc. announced the acquisition of Home Care of Washington, a company based in Spokane, Washington, which provides personal care, housekeeping, meal preparation and other home services to more than 1,200 people in 10 counties in the eastern area of the state. The terms of the transaction were not disclosed.
