Zacks: Analysts Expect Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Will Post Earnings of $0.66 Per Share
Wall Street brokerages forecast that Acadia Healthcare Company, Inc. (NASDAQ:ACHC) will announce earnings per share (EPS) of $0.66 for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Acadia Healthcare’s earnings. The lowest EPS estimate is $0.64 and the highest is $0.68. Acadia Healthcare posted earnings of $0.58 per share during the same quarter last year, which would indicate a positive year over year growth rate of 13.8%. The business is expected to report its next earnings results on Tuesday, November 7th.
According to Zacks, analysts expect that Acadia Healthcare will report full-year earnings of $2.44 per share for the current financial year, with EPS estimates ranging from $2.40 to $2.48. For the next financial year, analysts anticipate that the firm will report earnings of $2.83 per share, with EPS estimates ranging from $2.73 to $3.00. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Acadia Healthcare.
Acadia Healthcare (NASDAQ:ACHC) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.65 by $0.01. Acadia Healthcare had a return on equity of 8.69% and a net margin of 0.30%. The firm had revenue of $715.90 million during the quarter, compared to analysts’ expectations of $717.38 million. During the same quarter last year, the firm earned $0.73 earnings per share. The business’s revenue for the quarter was down 5.4% on a year-over-year basis.
A number of equities research analysts recently issued reports on ACHC shares. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $45.00 target price on shares of Acadia Healthcare in a research note on Wednesday, April 26th. Zacks Investment Research raised Acadia Healthcare from a “sell” rating to a “hold” rating in a research note on Friday, April 28th. Jefferies Group LLC reissued a “buy” rating on shares of Acadia Healthcare in a research note on Friday, May 5th. Leerink Swann lowered Acadia Healthcare from an “outperform” rating to a “market perform” rating in a research note on Monday, May 15th. Finally, KeyCorp reissued an “overweight” rating and set a $51.00 price target on shares of Acadia Healthcare in a research note on Thursday, June 1st. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $59.21.
Shares of Acadia Healthcare (NASDAQ:ACHC) opened at 52.58 on Tuesday. Acadia Healthcare has a 12-month low of $32.54 and a 12-month high of $54.73. The company has a 50 day moving average price of $48.90 and a 200 day moving average price of $44.01. The firm has a market cap of $4.62 billion, a PE ratio of 577.80 and a beta of 1.15.
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In related news, EVP Christopher L. Howard sold 16,762 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $52.47, for a total value of $879,502.14. Following the completion of the sale, the executive vice president now directly owns 200,999 shares in the company, valued at approximately $10,546,417.53. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Reeve B. Waud sold 1,240,000 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $51.72, for a total value of $64,132,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,136,347 shares of company stock valued at $105,383,249. Insiders own 11.10% of the company’s stock.
A number of hedge funds have recently made changes to their positions in ACHC. Teacher Retirement System of Texas increased its stake in shares of Acadia Healthcare by 0.4% in the second quarter. Teacher Retirement System of Texas now owns 5,949 shares of the company’s stock valued at $294,000 after buying an additional 26 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake in shares of Acadia Healthcare by 0.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 17,798 shares of the company’s stock valued at $879,000 after buying an additional 160 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Acadia Healthcare by 2.5% in the first quarter. Pacer Advisors Inc. now owns 10,139 shares of the company’s stock valued at $442,000 after buying an additional 250 shares in the last quarter. Keybank National Association OH increased its stake in shares of Acadia Healthcare by 4.2% in the first quarter. Keybank National Association OH now owns 6,305 shares of the company’s stock valued at $275,000 after buying an additional 256 shares in the last quarter. Finally, Stifel Financial Corp increased its stake in shares of Acadia Healthcare by 0.3% in the first quarter. Stifel Financial Corp now owns 104,867 shares of the company’s stock valued at $4,495,000 after buying an additional 278 shares in the last quarter.
Acadia Healthcare Company Profile
Acadia Healthcare Company, Inc is a provider of behavioral healthcare services, with operations in the United States and the United Kingdom. The Company focuses on acquiring and developing behavioral healthcare facilities. The Company operates through two segments: U.S. Facilities and U.K. Facilities.
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