Acadia Healthcare Company (ACHC) Releases Quarterly Earnings, Hits Estimates
Acadia Healthcare Company (NASDAQ:ACHC) posted its quarterly earnings results on Friday. The company reported $0.29 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.29, American Banking & Market News reports. The company had revenue of $190.00 million for the quarter, compared to the consensus estimate of $189.56 million.
ACHC has been the subject of a number of recent research reports. Analysts at BMO Capital Markets reiterated a “positive” rating on shares of Acadia Healthcare Company in a research note on Friday, February 21st. On the ratings front, analysts at RBC Capital raised their price target on shares of Acadia Healthcare Company from $46.00 to $54.00 in a research note on Friday, February 21st. They now have an “outperform” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Acadia Healthcare Company from $47.00 to $56.00 in a research note on Thursday, February 20th. They now have a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Acadia Healthcare Company presently has an average rating of “Buy” and an average target price of $46.69.
Acadia Healthcare Company (NASDAQ:ACHC) opened at 50.79 on Friday. Acadia Healthcare Company has a 1-year low of $26.41 and a 1-year high of $53.87. The stock’s 50-day moving average is $51.12 and its 200-day moving average is $44.28. The company has a market cap of $2.542 billion and a P/E ratio of 59.99.
Acadia Healthcare Company, Inc is a provider of inpatient behavioral healthcare services in the United States.
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