Wall Street analysts forecast that AAC Holdings Inc (NYSE:AAC) will post sales of $82.52 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for AAC’s earnings, with the lowest sales estimate coming in at $75.43 million and the highest estimate coming in at $89.60 million. AAC posted sales of $86.14 million during the same quarter last year, which suggests a negative year over year growth rate of 4.2%. The business is expected to announce its next earnings report on Wednesday, February 20th.
According to Zacks, analysts expect that AAC will report full year sales of $325.22 million for the current financial year, with estimates ranging from $318.14 million to $332.30 million. For the next financial year, analysts anticipate that the business will report sales of $360.11 million, with estimates ranging from $325.33 million to $394.90 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for AAC.
AAC (NYSE:AAC) last posted its quarterly earnings data on Tuesday, November 6th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.32). The company had revenue of $77.47 million for the quarter, compared to analysts’ expectations of $84.21 million. AAC had a positive return on equity of 4.21% and a negative net margin of 10.20%. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.12 EPS.
A number of analysts recently commented on AAC shares. Cantor Fitzgerald cut AAC from an “overweight” rating to a “neutral” rating and set a $4.00 price objective for the company. in a research report on Wednesday, November 7th. Zacks Investment Research cut AAC from a “buy” rating to a “hold” rating in a research report 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 report on Tuesday, October 16th. Finally, ValuEngine upgraded AAC from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 13th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $7.92.
In other AAC news, Director Darrell S. Freeman purchased 25,000 shares of the stock in a transaction on Thursday, November 29th. The stock was bought at an average price of $2.19 per share, for a total transaction of $54,750.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Michael Nanko purchased 21,000 shares of the stock in a transaction on 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 acquisition, the insider now directly owns 69,700 shares in the company, valued at $151,946. The disclosure for this purchase can be found here. 31.22% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Woodmont Investment Counsel LLC purchased a new stake in AAC in the 3rd quarter valued at about $353,000. Acadian Asset Management LLC grew its holdings in shares of AAC by 128.1% during the 2nd quarter. Acadian Asset Management LLC now owns 64,270 shares of the company’s stock worth $602,000 after purchasing an additional 36,090 shares during the period. Monarch Partners Asset Management LLC grew its holdings in shares of AAC by 218.7% during the 2nd quarter. Monarch Partners Asset Management LLC now owns 69,500 shares of the company’s stock worth $651,000 after purchasing an additional 47,690 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of AAC by 124.8% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 80,775 shares of the company’s stock worth $757,000 after purchasing an additional 44,850 shares during the period. Finally, Bowling Portfolio Management LLC purchased a new stake in shares of AAC during the 2nd quarter worth about $759,000. Institutional investors own 66.22% of the company’s stock.
AAC stock opened at $2.11 on Thursday. The stock has a market cap of $48.47 million, a P/E ratio of 3.52 and a beta of 1.42. AAC has a 52 week low of $1.70 and a 52 week high of $12.96. 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 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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