AAC Holdings Inc (AAC) Expected to Earn Q2 2019 Earnings of $0.18 Per Share

AAC Holdings Inc (NYSE:AAC) – Research analysts at William Blair cut their Q2 2019 earnings per share (EPS) estimates for shares of AAC in a research report issued to clients and investors on Tuesday, October 16th. William Blair analyst R. Daniels now anticipates that the company will post earnings per share of $0.18 for the quarter, down from their prior estimate of $0.22. William Blair also issued estimates for AAC’s FY2019 earnings at $0.97 EPS.

Several other equities research analysts have also recently commented on AAC. Zacks Investment Research cut AAC from a “hold” rating to a “sell” rating in a research note on Wednesday. Raymond James decreased their target price on AAC from $14.00 to $12.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, ValuEngine cut AAC from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $11.25.

Shares of NYSE AAC opened at $6.87 on Thursday. The company has a market capitalization of $187.67 million, a P/E ratio of 11.45 and a beta of 1.30. AAC has a 52 week low of $6.50 and a 52 week high of $12.96. The company has a debt-to-equity ratio of 2.34, a current ratio of 2.59 and a quick ratio of 2.59.

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

Institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company raised its stake in shares of AAC by 234.9% in the first quarter. The Manufacturers Life Insurance Company now owns 10,724 shares of the company’s stock valued at $123,000 after purchasing an additional 7,522 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of AAC by 59.5% in the first quarter. Dimensional Fund Advisors LP now owns 51,884 shares of the company’s stock valued at $596,000 after purchasing an additional 19,359 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of AAC by 128.1% in the second quarter. Acadian Asset Management LLC now owns 64,270 shares of the company’s stock valued at $602,000 after purchasing an additional 36,090 shares in the last quarter. Monarch Partners Asset Management LLC raised its stake in shares of AAC by 218.7% in the second quarter. Monarch Partners Asset Management LLC now owns 69,500 shares of the company’s stock valued at $651,000 after purchasing an additional 47,690 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of AAC by 189.9% in the first 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. 62.21% of the stock is owned by hedge funds and other institutional investors.

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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