Acadia Healthcare Company Inc to Post Q4 2018 Earnings of $0.64 Per Share, Jefferies Group Forecasts (ACHC)

Acadia Healthcare Company Inc to Post Q4 2018 Earnings of $0.64 Per Share, Jefferies Group Forecasts (ACHC)

Acadia Healthcare Company Inc (NASDAQ:ACHC) – Equities researchers at Jefferies Group boosted their Q4 2018 earnings estimates for shares of Acadia Healthcare in a research report issued on Friday. Jefferies Group analyst B. Tanquilut now forecasts that the company will earn $0.64 per share for the quarter, up from their prior estimate of $0.63. Jefferies Group currently has a “Buy” rating and a $42.00 target price on the stock. Jefferies Group also issued estimates for Acadia Healthcare’s FY2019 earnings at $2.79 EPS.

Other analysts also recently issued reports about the company. Craig Hallum restated a “buy” rating and issued a $41.00 price objective (down from $65.00) on shares of Acadia Healthcare in a report on Thursday, October 26th. Citigroup decreased their price objective on Acadia Healthcare from $61.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday, October 25th. Bank of America decreased their price objective on Acadia Healthcare from $60.00 to $52.00 and set a “buy” rating for the company in a report on Wednesday, October 25th. Mizuho set a $60.00 price objective on Acadia Healthcare and gave the company a “buy” rating in a report on Tuesday, October 24th. Finally, BidaskClub upgraded Acadia Healthcare from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $43.92.

Shares of Acadia Healthcare (NASDAQ:ACHC) opened at $36.32 on Monday. Acadia Healthcare has a 52-week low of $26.92 and a 52-week high of $54.34. The firm has a market capitalization of $3,190.84, a price-to-earnings ratio of 18.44, a PEG ratio of 1.22 and a beta of 0.85. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.36 and a current ratio of 1.36.

In other Acadia Healthcare news, Director Reeve B. Waud sold 100,000 shares of Acadia Healthcare stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $31.80, for a total value of $3,180,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 11.10% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue purchased a new position in Acadia Healthcare in the fourth quarter valued at about $150,000. Tyers Asset Management LLC grew its stake in Acadia Healthcare by 31.8% in the fourth quarter. Tyers Asset Management LLC now owns 5,904 shares of the company’s stock valued at $193,000 after purchasing an additional 1,424 shares during the last quarter. Rathbone Brothers plc purchased a new position in Acadia Healthcare in the third quarter valued at about $223,000. CIBC World Markets Inc. purchased a new position in Acadia Healthcare in the fourth quarter valued at about $236,000. Finally, Arthur Zaske & Associates LLC purchased a new position in Acadia Healthcare in the third quarter valued at about $283,000.

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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.

Earnings History and Estimates for Acadia Healthcare (NASDAQ:ACHC)

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Acadia Healthcare Company Inc (NASDAQ:ACHC) – Stock analysts at Jefferies Group increased their Q4 2018 earnings per share estimates for Acadia Healthcare in a research note issued on Friday. Jefferies Group analyst B. Tanquilut now expects that the company will post earnings of $0.64 per share for the quarter, up from their prior estimate of $0.63. Jefferies Group currently has a “Buy” rating and a $42.00 target price on the stock. Jefferies Group also issued estimates for Acadia Healthcare’s FY2019 earnings at $2.79 EPS.

A number of other research analysts also recently commented on the company. Cantor Fitzgerald dropped their price objective on Acadia Healthcare from $48.00 to $39.00 and set a “neutral” rating on the stock in a report on Tuesday, October 24th. Citigroup dropped their price objective on Acadia Healthcare from $61.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, October 25th. Craig Hallum reiterated a “buy” rating and issued a $41.00 price objective (down previously from $65.00) on shares of Acadia Healthcare in a report on Thursday, October 26th. Robert W. Baird restated a “hold” rating and set a $37.00 price target on shares of Acadia Healthcare in a research note on Friday, December 15th. Finally, Deutsche Bank downgraded Acadia Healthcare from a “buy” rating to a “hold” rating and dropped their price target for the stock from $60.00 to $37.00 in a research note on Wednesday, October 25th. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Acadia Healthcare currently has an average rating of “Buy” and an average target price of $43.92.

Acadia Healthcare (NASDAQ:ACHC) opened at $36.32 on Monday. Acadia Healthcare has a 1-year low of $26.92 and a 1-year high of $54.34. The company has a market capitalization of $3,190.84, a PE ratio of 18.44, a PEG ratio of 1.22 and a beta of 0.85. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.36 and a quick ratio of 1.36.

In related news, Director Reeve B. Waud sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $31.80, for a total transaction of $3,180,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 11.10% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in ACHC. Aperio Group LLC grew its stake in shares of Acadia Healthcare by 4.8% in the 3rd quarter. Aperio Group LLC now owns 30,187 shares of the company’s stock valued at $1,442,000 after purchasing an additional 1,370 shares during the last quarter. Tyers Asset Management LLC grew its stake in shares of Acadia Healthcare by 31.8% in the 4th quarter. Tyers Asset Management LLC now owns 5,904 shares of the company’s stock valued at $193,000 after purchasing an additional 1,424 shares during the last quarter. American International Group Inc. grew its stake in shares of Acadia Healthcare by 1.1% in the 4th quarter. American International Group Inc. now owns 168,938 shares of the company’s stock valued at $5,512,000 after purchasing an additional 1,836 shares during the last quarter. Eagle Boston Investment Management Inc. grew its stake in shares of Acadia Healthcare by 1.5% in the 3rd quarter. Eagle Boston Investment Management Inc. now owns 126,677 shares of the company’s stock valued at $6,031,000 after purchasing an additional 1,852 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of Acadia Healthcare by 7.8% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 30,370 shares of the company’s stock valued at $1,450,000 after purchasing an additional 2,203 shares during the last quarter.

TRADEMARK VIOLATION NOTICE: “Acadia Healthcare Company Inc to Post Q4 2018 Earnings of $0.64 Per Share, Jefferies Group Forecasts (ACHC)” was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://www.dispatchtribunal.com/2018/02/19/acadia-healthcare-company-inc-to-post-q4-2018-earnings-of-0-64-per-share-jefferies-group-forecasts-achc.html.

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.

Earnings History and Estimates for Acadia Healthcare (NASDAQ:ACHC)

Receive News & Ratings for Acadia Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acadia Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.

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