Zacks: Brokerages Anticipate AAC Holdings Inc (AAC) Will Announce Earnings of $0.21 Per Share

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Analysts predict that AAC Holdings Inc (NYSE:AAC) will announce $0.21 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for AAC’s earnings, with estimates ranging from $0.20 to $0.22. AAC posted earnings per share of $0.12 in the same quarter last year, which would indicate a positive year-over-year growth rate of 75%. The firm is expected to announce its next earnings report on Wednesday, November 7th.

On average, analysts expect that AAC will report full year earnings of $0.72 per share for the current fiscal year, with EPS estimates ranging from $0.66 to $0.80. For the next financial year, analysts forecast that the business will report earnings of $0.90 per share, with EPS estimates ranging from $0.69 to $1.05. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for AAC.

AAC (NYSE:AAC) last issued its earnings results on Wednesday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.09). AAC had a positive return on equity of 7.32% and a negative net margin of 6.41%. The firm had revenue of $86.76 million during the quarter, compared to the consensus estimate of $82.81 million. During the same quarter in the prior year, the business posted $0.26 EPS. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis.

Several research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of AAC from a “buy” rating to a “hold” rating in a report on Tuesday, July 3rd. ValuEngine cut shares of AAC from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. Finally, Raymond James cut their target price on shares of AAC from $14.00 to $12.00 and set an “outperform” rating on the stock in a report on Tuesday. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $11.25.

Institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its stake in AAC by 234.9% in the first quarter. The Manufacturers Life Insurance Company now owns 10,724 shares of the company’s stock worth $123,000 after acquiring an additional 7,522 shares during the period. Dimensional Fund Advisors LP lifted its stake in AAC by 59.5% in the first quarter. Dimensional Fund Advisors LP now owns 51,884 shares of the company’s stock worth $596,000 after acquiring an additional 19,359 shares during the period. Acadian Asset Management LLC lifted its stake in AAC by 128.1% in the second quarter. Acadian Asset Management LLC now owns 64,270 shares of the company’s stock worth $602,000 after acquiring an additional 36,090 shares during the period. Monarch Partners Asset Management LLC lifted its stake in AAC by 218.7% in the second quarter. Monarch Partners Asset Management LLC now owns 69,500 shares of the company’s stock worth $651,000 after acquiring an additional 47,690 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in AAC by 189.9% in the first quarter. JPMorgan Chase & Co. now owns 61,616 shares of the company’s stock worth $707,000 after acquiring an additional 40,360 shares during the period. Hedge funds and other institutional investors own 62.21% of the company’s stock.

Shares of AAC stock opened at $6.92 on Wednesday. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 2.34. AAC has a 52-week low of $6.50 and a 52-week high of $12.96. The company has a market capitalization of $169.72 million, a PE ratio of 11.53 and a beta of 1.30.

About AAC

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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Earnings History and Estimates for AAC (NYSE:AAC)

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