Equities analysts expect AAC Holdings, Inc. (NYSE:AAC) to announce $0.18 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for AAC’s earnings. The lowest EPS estimate is $0.15 and the highest is $0.20. AAC posted earnings per share of $0.26 in the same quarter last year, which suggests a negative year-over-year growth rate of 30.8%. The firm is expected to issue its next earnings results on Wednesday, August 1st.
On average, analysts expect that AAC will report full year earnings of $0.76 per share for the current financial year, with EPS estimates ranging from $0.70 to $0.81. For the next year, analysts expect that the firm will report earnings of $1.13 per share, with EPS estimates ranging from $1.10 to $1.15. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that follow AAC.
AAC (NYSE:AAC) last released its earnings results on Wednesday, May 2nd. The company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.01. AAC had a negative net margin of 6.25% and a positive return on equity of 9.76%. The firm had revenue of $78.50 million for the quarter, compared to analyst estimates of $75.92 million. During the same period in the prior year, the firm earned $0.12 earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year.
A number of brokerages recently issued reports on AAC. Zacks Investment Research raised AAC from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Tuesday, March 13th. TheStreet downgraded AAC from a “c-” rating to a “d+” rating in a report on Thursday, February 22nd. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $14.00 price target on shares of AAC in a report on Wednesday, May 2nd. Finally, ValuEngine raised AAC from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $11.33.
AAC traded up $0.11, reaching $11.85, on Tuesday, according to Marketbeat Ratings. The company’s stock had a trading volume of 101,340 shares, compared to its average volume of 143,369. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 2.28. The company has a market capitalization of $291.57 million, a price-to-earnings ratio of 19.75 and a beta of 1.36. AAC has a fifty-two week low of $5.99 and a fifty-two week high of $13.06.
In other news, Chairman Michael T. Cartwright sold 100,000 shares of the stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $11.84, for a total value of $1,184,000.00. Following the completion of the sale, the chairman now directly owns 2,780,099 shares of the company’s stock, valued at $32,916,372.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director W Larry Cash acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The stock was purchased at an average cost of $9.92 per share, with a total value of $49,600.00. Following the completion of the acquisition, the director now directly owns 30,000 shares of the company’s stock, valued at approximately $297,600. The disclosure for this purchase can be found here. Insiders sold 125,000 shares of company stock valued at $1,480,700 over the last ninety days. 37.30% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of AAC in the fourth quarter valued at approximately $114,000. The Manufacturers Life Insurance Company boosted its holdings in shares of AAC by 234.9% in the first quarter. The Manufacturers Life Insurance Company now owns 10,724 shares of the company’s stock valued at $123,000 after acquiring an additional 7,522 shares during the period. Deutsche Bank AG boosted its holdings in shares of AAC by 154.1% in the fourth quarter. Deutsche Bank AG now owns 27,049 shares of the company’s stock valued at $243,000 after acquiring an additional 16,404 shares during the period. Engineers Gate Manager LP acquired a new stake in shares of AAC in the first quarter valued at approximately $247,000. Finally, Monarch Partners Asset Management LLC acquired a new stake in shares of AAC in the first quarter valued at approximately $250,000. 63.49% of the stock is owned by institutional investors and hedge funds.
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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