Equities analysts expect AAC Holdings Inc (NYSE:AAC) to report $73.81 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for AAC’s earnings. The highest sales estimate is $74.03 million and the lowest is $73.60 million. AAC posted sales of $72.35 million in the same quarter last year, which suggests a positive year over year growth rate of 2%. The business is scheduled to issue its next quarterly earnings report on Monday, February 26th.

According to Zacks, analysts expect that AAC will report full year sales of $73.81 million for the current fiscal year, with estimates ranging from $305.10 million to $305.53 million. For the next fiscal year, analysts expect that the business will report sales of $342.98 million per share, with estimates ranging from $325.50 million to $360.47 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover AAC.

AAC (NYSE:AAC) last announced its earnings results on Wednesday, November 1st. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.07. AAC had a negative net margin of 0.42% and a positive return on equity of 9.64%. The business had revenue of $80.42 million for the quarter, compared to analyst estimates of $74.49 million. During the same quarter in the previous year, the firm posted $0.19 earnings per share. AAC’s revenue was up 14.0% compared to the same quarter last year.

A number of equities analysts recently issued reports on AAC shares. Cantor Fitzgerald reaffirmed a “buy” rating and set a $14.00 target price on shares of AAC in a research report on Thursday, November 16th. Zacks Investment Research lowered shares of AAC from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. UBS Group raised shares of AAC from a “market perform” rating to an “outperform” rating in a report on Friday, November 3rd. Finally, Raymond James Financial raised shares of AAC from a “mkt perform” rating to an “outperform” rating in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $10.00.

In other AAC news, Chairman Michael T. Cartwright sold 250,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $9.63, for a total value of $2,407,500.00. Following the sale, the chairman now owns 2,880,490 shares of the company’s stock, valued at approximately $27,739,118.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Jerrod N. Menz sold 700,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $10.22, for a total transaction of $7,154,000.00. The disclosure for this sale can be found here. Insiders own 37.30% of the company’s stock.

Large investors have recently modified their holdings of the company. GSA Capital Partners LLP acquired a new stake in shares of AAC in the 3rd quarter valued at $190,000. California State Teachers Retirement System boosted its stake in shares of AAC by 1.5% in the 2nd quarter. California State Teachers Retirement System now owns 20,291 shares of the company’s stock valued at $141,000 after purchasing an additional 300 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of AAC by 3.8% in the 2nd quarter. Alliancebernstein L.P. now owns 20,600 shares of the company’s stock valued at $143,000 after purchasing an additional 760 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of AAC by 38.5% in the 2nd quarter. Rhumbline Advisers now owns 21,719 shares of the company’s stock valued at $151,000 after purchasing an additional 6,040 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its stake in shares of AAC by 116.4% in the 2nd quarter. Nationwide Fund Advisors now owns 34,414 shares of the company’s stock valued at $238,000 after purchasing an additional 18,511 shares in the last quarter. Institutional investors own 42.57% of the company’s stock.

Shares of AAC (AAC) traded down $0.03 during mid-day trading on Thursday, reaching $9.03. 105,000 shares of the company were exchanged, compared to its average volume of 105,482. AAC has a fifty-two week low of $5.99 and a fifty-two week high of $13.06. The company has a market capitalization of $217.43, a price-to-earnings ratio of -150.50 and a beta of 1.95. The company has a debt-to-equity ratio of 1.42, a current ratio of 3.28 and a quick ratio of 3.28.

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About AAC

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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