Wall Street brokerages expect that AAC Holdings Inc (NYSE:AAC) will post $72.99 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for AAC’s earnings. The lowest sales estimate is $71.80 million and the highest is $74.17 million. AAC reported sales of $86.76 million during the same quarter last year, which indicates a negative year over year growth rate of 15.9%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, August 7th.
According to Zacks, analysts expect that AAC will report full year sales of $299.11 million for the current financial year, with estimates ranging from $297.71 million to $300.50 million. For the next fiscal year, analysts expect that the firm will report sales of $312.34 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover AAC.
AAC (NYSE:AAC) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.79) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.66). AAC had a negative net margin of 26.42% and a negative return on equity of 39.45%. The firm had revenue of $55.37 million during the quarter, compared to analyst estimates of $75.16 million.
Several equities research analysts have commented on AAC shares. Zacks Investment Research lowered shares of AAC from a “hold” rating to a “strong sell” rating in a research note on Friday, April 19th. ValuEngine upgraded shares of AAC from a “sell” rating to a “hold” rating in a research note on Thursday, May 9th. Finally, Raymond James lowered their price objective on shares of AAC from $7.00 to $5.00 and set an “outperform” rating on the stock in a research note on Thursday, April 18th.
Shares of NYSE:AAC opened at $1.65 on Thursday. AAC has a 52 week low of $1.33 and a 52 week high of $12.45. The company has a market capitalization of $42.25 million, a price-to-earnings ratio of -1.56 and a beta of 2.30. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.81.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its stake in shares of AAC by 1.3% during the fourth quarter. Bank of America Corp DE now owns 338,166 shares of the company’s stock valued at $473,000 after acquiring an additional 4,345 shares during the period. Geode Capital Management LLC grew its position in AAC by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 110,394 shares of the company’s stock worth $154,000 after buying an additional 4,864 shares during the last quarter. BlackRock Inc. grew its position in AAC by 0.9% in the fourth quarter. BlackRock Inc. now owns 801,766 shares of the company’s stock worth $1,123,000 after buying an additional 7,340 shares during the last quarter. Vanguard Group Inc. grew its position in AAC by 4.2% in the third quarter. Vanguard Group Inc. now owns 634,991 shares of the company’s stock worth $4,845,000 after buying an additional 25,737 shares during the last quarter. Finally, Vanguard Group Inc grew its position in AAC by 4.2% in the third quarter. Vanguard Group Inc now owns 634,991 shares of the company’s stock worth $4,845,000 after buying an additional 25,737 shares during the last quarter. Institutional investors and hedge funds own 46.97% of the company’s stock.
AAC Company Profile
AAC Holdings, Inc provides inpatient and outpatient substance use treatment services for individuals with drug addiction, alcohol addiction, and co-occurring mental/behavioral health issues in the United States. Its therapy services include motivational interviewing, cognitive behavioral therapy, rational emotive behavior therapy, dialectical behavioral therapy, solution-focused therapy, eye movement desensitization and reprocessing, and systematic family intervention.
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