Equities research analysts forecast that AAC Holdings Inc (NYSE:AAC) will post $82.52 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for AAC’s earnings. The highest sales estimate is $89.60 million and the lowest is $75.43 million. AAC posted sales of $86.14 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 4.2%. The company is scheduled to issue its next quarterly earnings results on Wednesday, February 20th.
On average, analysts expect that AAC will report full-year sales of $325.22 million for the current year, with estimates ranging from $318.14 million to $332.30 million. For the next year, analysts expect that the company will post sales of $360.11 million, with estimates ranging from $325.33 million to $394.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow AAC.
AAC (NYSE:AAC) last issued its earnings results on Tuesday, November 6th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.32). The firm had revenue of $77.47 million during the quarter, compared to analyst estimates of $84.21 million. AAC had a negative net margin of 10.20% and a positive return on equity of 4.21%. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 earnings per share.
Several research analysts have issued reports on AAC shares. Cantor Fitzgerald lowered AAC from an “overweight” rating to a “neutral” rating and set a $4.00 price objective for the company. in a research note on Wednesday, November 7th. Zacks Investment Research lowered AAC from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. Raymond James dropped their price objective on AAC from $14.00 to $12.00 and set an “outperform” rating for the company in a research note on Tuesday, October 16th. Finally, ValuEngine upgraded AAC from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 13th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $7.92.
In other AAC news, Director Darrell S. Freeman bought 25,000 shares of the stock in a transaction dated Thursday, November 29th. The stock was bought at an average cost of $2.19 per share, for a total transaction of $54,750.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Nanko bought 21,000 shares of the stock in a transaction dated Friday, November 30th. The stock was acquired at an average price of $2.18 per share, with a total value of $45,780.00. Following the completion of the purchase, the insider now owns 69,700 shares of the company’s stock, valued at approximately $151,946. The disclosure for this purchase can be found here. Corporate insiders own 31.22% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of AAC by 4.2% in the third quarter. Vanguard Group Inc. now owns 634,991 shares of the company’s stock valued at $4,845,000 after buying an additional 25,737 shares in the last quarter. Morgan Stanley increased its stake in shares of AAC by 5.7% in the third quarter. Morgan Stanley now owns 1,495,158 shares of the company’s stock valued at $11,408,000 after buying an additional 80,865 shares in the last quarter. Woodmont Investment Counsel LLC acquired a new stake in shares of AAC in the third quarter valued at $353,000. Royce & Associates LP increased its stake in shares of AAC by 446.9% in the third quarter. Royce & Associates LP now owns 978,858 shares of the company’s stock valued at $7,469,000 after buying an additional 799,865 shares in the last quarter. Finally, GSA Capital Partners LLP increased its stake in shares of AAC by 89.0% in the third quarter. GSA Capital Partners LLP now owns 151,000 shares of the company’s stock valued at $1,152,000 after buying an additional 71,100 shares in the last quarter. Institutional investors own 66.22% of the company’s stock.
AAC stock opened at $2.11 on Thursday. The company has a debt-to-equity ratio of 2.58, a current ratio of 2.17 and a quick ratio of 2.17. AAC has a 52-week low of $1.70 and a 52-week high of $12.96. The firm has a market cap of $48.47 million, a price-to-earnings ratio of 3.52 and a beta of 1.42.
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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