Acadia Healthcare Co (ACHC) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS
Acadia Healthcare Co (NASDAQ:ACHC) issued its quarterly earnings data on Wednesday. The company reported $0.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.27 by $0.02, Analyst Ratings Network reports. The company had revenue of $184.70 million for the quarter, compared to the consensus estimate of $179.47 million. Acadia Healthcare Co’s revenue was up 79.1% compared to the same quarter last year.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Acadia Healthcare Co from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 1st. They now have a $42.80 price target on the stock. On the ratings front, analysts at Raymond James raised their price target on shares of Acadia Healthcare Co from $27.00 to $30.00 in a research note to investors on Thursday, August 22nd. Finally, analysts at Cantor Fitzgerald raised their price target on shares of Acadia Healthcare Co from $38.00 to $42.00 in a research note to investors on Tuesday, August 6th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Acadia Healthcare Co presently has a consensus rating of “Buy” and a consensus target price of $37.20.
Shares of Acadia Healthcare Co (NASDAQ:ACHC) opened at 39.35 on Wednesday. Acadia Healthcare Co has a 52 week low of $18.53 and a 52 week high of $39.94. The stock’s 50-day moving average is $37.7 and its 200-day moving average is $33.31. The company has a market cap of $1.988 billion and a price-to-earnings ratio of 67.72.
In other Acadia Healthcare Co news, major shareholder Karen Marie Prince sold 20,000 shares of Acadia Healthcare Co stock on the open market in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $39.14, for a total value of $782,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Acadia Healthcare Company, Inc is a provider of inpatient behavioral healthcare services in the United States.
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