Brokerages expect Acadia Healthcare Company Inc (NASDAQ:ACHC) to announce $714.86 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Acadia Healthcare’s earnings. The lowest sales estimate is $708.90 million and the highest is $728.82 million. Acadia Healthcare reported sales of $702.89 million in the same quarter last year, which indicates a positive year-over-year growth rate of 1.7%. The business is scheduled to issue its next earnings results on Thursday, February 22nd.
On average, analysts expect that Acadia Healthcare will report full year sales of $714.86 million for the current fiscal year, with estimates ranging from $2.82 billion to $2.87 billion. For the next fiscal year, analysts expect that the company will report sales of $3.01 billion per share, with estimates ranging from $2.99 billion to $3.06 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Acadia Healthcare.
ACHC has been the topic of several recent analyst reports. Jefferies Group set a $60.00 target price on shares of Acadia Healthcare and gave the stock a “buy” rating in a report on Wednesday, October 11th. Citigroup cut their target price on shares of Acadia Healthcare from $61.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, October 25th. Cantor Fitzgerald cut their target price on shares of Acadia Healthcare from $48.00 to $39.00 and set a “neutral” rating on the stock in a report on Tuesday, October 24th. Deutsche Bank cut shares of Acadia Healthcare from a “buy” rating to a “hold” rating and cut their target price for the stock from $60.00 to $37.00 in a report on Wednesday, October 25th. Finally, Wells Fargo & Co initiated coverage on shares of Acadia Healthcare in a report on Tuesday, January 30th. They issued an “outperform” rating and a $41.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $43.92.
Hedge funds have recently made changes to their positions in the stock. C M Bidwell & Associates Ltd. purchased a new stake in Acadia Healthcare in the second quarter worth $205,000. State of Alaska Department of Revenue purchased a new stake in Acadia Healthcare in the fourth quarter worth $150,000. Rathbone Brothers plc purchased a new stake in Acadia Healthcare in the third quarter worth $223,000. Shelton Capital Management purchased a new stake in Acadia Healthcare in the second quarter worth $289,000. Finally, Arthur Zaske & Associates LLC purchased a new stake in Acadia Healthcare in the third quarter worth $283,000.
Acadia Healthcare (NASDAQ ACHC) opened at $34.26 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 1.30. Acadia Healthcare has a fifty-two week low of $26.92 and a fifty-two week high of $54.34. The stock has a market cap of $3,040.61, a P/E ratio of 17.39, a PEG ratio of 1.17 and a beta of 0.85.
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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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