Acadia Healthcare Company Inc (ACHC) Scheduled to Post Quarterly Earnings on Monday
Acadia Healthcare Company Inc (NASDAQ:ACHC) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.66 per share for the quarter. Acadia Healthcare has set its FY17 guidance at $2.42-2.47 EPS.
Acadia Healthcare (NASDAQ:ACHC) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.01. The company had revenue of $715.90 million during the quarter, compared to analysts’ expectations of $717.38 million. Acadia Healthcare had a net margin of 6.93% and a return on equity of 8.63%. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.73 EPS. On average, analysts expect Acadia Healthcare to post $2.44 EPS for the current fiscal year and $2.82 EPS for the next fiscal year.
Shares of Acadia Healthcare Company Inc (NASDAQ ACHC) opened at 44.45 on Monday. Acadia Healthcare Company Inc has a 52-week low of $32.54 and a 52-week high of $54.34. The stock has a market capitalization of $3.91 billion, a PE ratio of 488.46 and a beta of 1.07. The firm has a 50-day moving average of $45.65 and a 200 day moving average of $46.30.
Several brokerages have weighed in on ACHC. Mizuho increased their target price on shares of Acadia Healthcare from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. BMO Capital Markets began coverage on shares of Acadia Healthcare in a research note on Monday, October 16th. They set an “outperform” rating and a $52.00 target price for the company. Craig Hallum reaffirmed a “buy” rating and set a $65.00 target price (up previously from $52.00) on shares of Acadia Healthcare in a research note on Monday, July 31st. BidaskClub raised shares of Acadia Healthcare from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Finally, Zacks Investment Research lowered shares of Acadia Healthcare from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $57.64.
In other news, President Brent Turner sold 206,252 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $50.69, for a total value of $10,454,913.88. Following the completion of the transaction, the president now owns 81,106 shares of the company’s stock, valued at $4,111,263.14. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Reeve B. Waud sold 1,240,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $51.72, for a total transaction of $64,132,800.00. The disclosure for this sale can be found here. In the last three months, insiders sold 3,085,693 shares of company stock valued at $157,729,099. Insiders own 11.10% of the company’s stock.
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About Acadia Healthcare
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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