Zacks: Analysts Expect AAC Holdings, Inc. (AAC) Will Post Earnings of $0.09 Per Share
Brokerages expect AAC Holdings, Inc. (NYSE:AAC) to announce earnings of $0.09 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for AAC Holdings’ earnings. AAC Holdings reported earnings per share of $0.19 in the same quarter last year, which would suggest a negative year over year growth rate of 52.6%. The company is scheduled to issue its next quarterly earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that AAC Holdings will report full year earnings of $0.56 per share for the current fiscal year, with EPS estimates ranging from $0.55 to $0.57. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.60 per share, with EPS estimates ranging from $0.50 to $0.70. Zacks’ EPS averages are a mean average based on a survey of research firms that cover AAC Holdings.
AAC Holdings (NYSE:AAC) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.12. AAC Holdings had a positive return on equity of 10.70% and a negative net margin of 1.55%. The business had revenue of $78.04 million during the quarter, compared to analyst estimates of $73.40 million. During the same period last year, the company earned $0.18 earnings per share. AAC Holdings’s quarterly revenue was up 9.1% compared to the same quarter last year.
AAC has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of AAC Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Mizuho cut 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 report on Tuesday, May 30th. Finally, Cantor Fitzgerald started coverage on shares of AAC Holdings in a research report on Wednesday, August 9th. They set an “overweight” rating and a $11.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $8.50.
A number of large investors have recently modified their holdings of the company. San Francisco Sentry Investment Group CA acquired a new stake in shares of AAC Holdings during the second quarter valued at approximately $31,241,000. Cortina Asset Management LLC boosted its stake in shares of AAC Holdings by 28.8% in the first quarter. Cortina Asset Management LLC now owns 1,197,769 shares of the company’s stock valued at $10,217,000 after buying an additional 267,860 shares during the period. Stephens Investment Management Group LLC boosted its stake in shares of AAC Holdings by 7.7% in the first quarter. Stephens Investment Management Group LLC now owns 1,145,317 shares of the company’s stock valued at $9,770,000 after buying an additional 81,492 shares during the period. Mondrian Investment Partners LTD boosted its stake in shares of AAC Holdings by 21.3% in the second quarter. Mondrian Investment Partners LTD now owns 482,965 shares of the company’s stock valued at $3,347,000 after buying an additional 84,905 shares during the period. Finally, Royce & Associates LP acquired a new stake in shares of AAC Holdings during the first quarter valued at approximately $1,616,000. 47.93% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AAC Holdings (NYSE AAC) traded up 1.56% during mid-day trading on Tuesday, hitting $9.12. The company had a trading volume of 61,920 shares. The company’s market capitalization is $219.43 million. AAC Holdings has a one year low of $5.99 and a one year high of $20.33. The firm’s 50-day moving average price is $7.30 and its 200 day moving average price is $7.52.
About AAC Holdings
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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