Analysts expect that AAC Holdings Inc (NYSE:AAC) will report earnings of $0.18 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for AAC’s earnings. The lowest EPS estimate is $0.15 and the highest is $0.20. AAC posted earnings of $0.26 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 30.8%. The company is expected to issue its next earnings report on Wednesday, August 1st.
On average, analysts expect that AAC will report full-year earnings of $0.79 per share for the current year, with EPS estimates ranging from $0.77 to $0.81. For the next fiscal year, analysts anticipate that the business will post earnings of $1.04 per share, with EPS estimates ranging from $0.98 to $1.15. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover AAC.
AAC (NYSE:AAC) last issued its quarterly earnings results on Wednesday, May 2nd. The company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.01. AAC had a positive return on equity of 9.76% and a negative net margin of 6.25%. The firm had revenue of $78.50 million during the quarter, compared to analysts’ expectations of $75.92 million. During the same period in the previous year, the business earned $0.12 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis.
Shares of AAC traded up $0.72 during trading hours on Friday, hitting $10.08. 248,125 shares of the stock were exchanged, compared to its average volume of 154,397. The company has a debt-to-equity ratio of 2.28, a quick ratio of 2.57 and a current ratio of 2.57. AAC has a 12-month low of $5.99 and a 12-month high of $13.06. The stock has a market capitalization of $235.17 million, a price-to-earnings ratio of 15.53 and a beta of 1.34.
In other news, CEO Michael T. Cartwright sold 61,000 shares of the stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of $11.95, for a total transaction of $728,950.00. Following the completion of the transaction, the chief executive officer now directly owns 2,719,099 shares in the company, valued at approximately $32,493,233.05. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director W Larry Cash purchased 5,000 shares of the stock in a transaction dated Monday, May 7th. The shares were acquired at an average price of $11.91 per share, with a total value of $59,550.00. Following the completion of the acquisition, the director now owns 35,000 shares in the company, valued at approximately $416,850. The disclosure for this purchase can be found here. 31.22% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AAC. Millennium Management LLC lifted its stake in AAC by 541.1% during the 4th quarter. Millennium Management LLC now owns 279,104 shares of the company’s stock worth $2,512,000 after acquiring an additional 235,568 shares in the last quarter. Spark Investment Management LLC lifted its stake in AAC by 131.2% during the 1st quarter. Spark Investment Management LLC now owns 73,800 shares of the company’s stock worth $847,000 after acquiring an additional 41,877 shares in the last quarter. JPMorgan Chase & Co. raised its position in AAC by 189.9% in the 1st quarter. JPMorgan Chase & Co. now owns 61,616 shares of the company’s stock valued at $707,000 after purchasing an additional 40,360 shares in the last quarter. Blair William & Co. IL raised its position in AAC by 16.6% in the 1st quarter. Blair William & Co. IL now owns 247,634 shares of the company’s stock valued at $2,843,000 after purchasing an additional 35,190 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in AAC in the 4th quarter valued at about $260,000. Institutional investors and hedge funds own 62.16% of the company’s stock.
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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