AAC Holdings, Inc. (AAC) Expected to Announce Quarterly Sales of $73.40 Million
Analysts expect that AAC Holdings, Inc. (NYSE:AAC) will post sales of $73.40 million for the current quarter, Zacks reports. Two analysts have made estimates for AAC Holdings’ earnings, with the highest sales estimate coming in at $74.71 million and the lowest estimate coming in at $72.10 million. AAC Holdings posted sales of $71.54 million during the same quarter last year, which suggests a positive year over year growth rate of 2.6%. The firm is scheduled to issue its next quarterly earnings report on Thursday, August 3rd.
On average, analysts expect that AAC Holdings will report full-year sales of $73.40 million for the current financial year, with estimates ranging from $297.80 million to $300.36 million. For the next fiscal year, analysts anticipate that the firm will report sales of $325.37 million per share, with estimates ranging from $322.33 million to $328.40 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover AAC Holdings.
AAC Holdings (NYSE:AAC) last released its quarterly earnings data on Thursday, May 4th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.07. AAC Holdings had a negative net margin of 0.62% and a positive return on equity of 9.40%. The firm had revenue of $73.04 million for the quarter, compared to analyst estimates of $71.06 million.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of AAC Holdings from a “sell” rating to a “hold” rating in a research note on Friday, March 31st. Mizuho dropped their price target on shares of AAC Holdings from $9.00 to $6.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 30th.
Institutional investors have recently bought and sold shares of the stock. A.R.T. Advisors LLC bought a new position in AAC Holdings during the fourth quarter valued at about $112,000. Nationwide Fund Advisors boosted its position in AAC Holdings by 168.0% in the first quarter. Nationwide Fund Advisors now owns 15,903 shares of the company’s stock valued at $136,000 after buying an additional 9,968 shares in the last quarter. Citadel Advisors LLC bought a new position in AAC Holdings during the first quarter valued at about $145,000. Marshall Wace North America L.P. bought a new position in AAC Holdings during the first quarter valued at about $156,000. Finally, MARSHALL WACE ASIA Ltd bought a new position in AAC Holdings during the first quarter valued at about $156,000. Institutional investors and hedge funds own 48.03% of the company’s stock.
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AAC Holdings (AAC) traded up 1.47% on Wednesday, hitting $6.91. 9,288 shares of the company were exchanged. The company has a 50 day moving average price of $6.81 and a 200-day moving average price of $7.70. The stock’s market capitalization is $166.33 million. AAC Holdings has a 52 week low of $5.99 and a 52 week high of $24.38.
AAC Holdings Company Profile
AAC Holdings, Inc is a provider of inpatient and outpatient substance abuse treatment services for individuals with drug and alcohol addiction. The Company performs drug testing and diagnostics laboratory services and provides physician services to its clients. As of June 30, 2016, the Company operated 12 residential substance abuse treatment facilities located throughout the United States, focused on delivering clinical care and treatment solutions across 1,139 beds, which includes 636 licensed detoxification beds, and 18 standalone outpatient centers.
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