Brokerages predict that AAC Holdings, Inc. (NYSE:AAC) will announce $74.21 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for AAC Holdings’ earnings, with the lowest sales estimate coming in at $71.70 million and the highest estimate coming in at $76.71 million. AAC Holdings posted sales of $70.53 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.2%. The firm is scheduled to announce its next earnings results on Thursday, November 2nd.
On average, analysts expect that AAC Holdings will report full-year sales of $74.21 million for the current fiscal year, with estimates ranging from $297.20 million to $300.36 million. For the next year, analysts anticipate that the firm will post sales of $316.87 million per share, with estimates ranging from $311.40 million to $322.33 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow AAC Holdings.
AAC Holdings (NYSE:AAC) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.12. The firm had revenue of $78.04 million during the quarter, compared to analysts’ expectations of $73.40 million. AAC Holdings had a positive return on equity of 10.70% and a negative net margin of 1.55%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 EPS.
Several research firms have issued reports on AAC. Cantor Fitzgerald began coverage on shares of AAC Holdings in a research note on Wednesday. They issued an “overweight” rating for the company. Zacks Investment Research upgraded shares of AAC Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Mizuho decreased their price objective on shares of AAC Holdings from $9.00 to $6.00 and set a “neutral” rating for the company in a research note on Tuesday, May 30th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. AAC Holdings presently has a consensus rating of “Buy” and an average target price of $21.33.
Shares of AAC Holdings (AAC) traded down 0.85% during trading on Friday, reaching $8.21. The company had a trading volume of 143,406 shares. The firm’s market capitalization is $190.82 million. The firm has a 50-day moving average of $6.74 and a 200 day moving average of $7.48. AAC Holdings has a 1-year low of $5.99 and a 1-year high of $21.45.
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A number of institutional investors have recently added to or reduced their stakes in the stock. Nationwide Fund Advisors increased its position in AAC Holdings by 168.0% in the first quarter. Nationwide Fund Advisors now owns 15,903 shares of the company’s stock valued at $136,000 after buying an additional 9,968 shares in the last quarter. Citadel Advisors LLC bought a new position in AAC Holdings during the first quarter valued at about $145,000. Marshall Wace North America L.P. bought a new position in AAC Holdings during the first quarter valued at about $156,000. MARSHALL WACE ASIA Ltd bought a new position in AAC Holdings during the first quarter valued at about $156,000. Finally, Rhumbline Advisers increased its position in AAC Holdings by 38.5% in the second quarter. Rhumbline Advisers now owns 21,719 shares of the company’s stock valued at $151,000 after buying an additional 6,040 shares in the last quarter. Institutional investors own 48.02% of the company’s stock.
AAC Holdings Company Profile
AAC Holdings, Inc is a provider of inpatient and outpatient substance abuse treatment services for individuals with drug and alcohol addiction. The Company performs drug testing and diagnostics laboratory services and provides physician services to its clients. As of June 30, 2016, the Company operated 12 residential substance abuse treatment facilities located throughout the United States, focused on delivering clinical care and treatment solutions across 1,139 beds, which includes 636 licensed detoxification beds, and 18 standalone outpatient centers.
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