Analysts Expect AAC Holdings Inc (AAC) Will Post Quarterly Sales of $82.52 Million

Analysts expect AAC Holdings Inc (NYSE:AAC) to report sales of $82.52 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for AAC’s earnings. The highest sales estimate is $89.60 million and the lowest is $75.43 million. AAC posted sales of $86.14 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 4.2%. The business is scheduled to report its next quarterly earnings results on Wednesday, February 20th.

On average, analysts expect that AAC will report full year sales of $325.22 million for the current year, with estimates ranging from $318.14 million to $332.30 million. For the next fiscal 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 Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for AAC.

AAC (NYSE:AAC) last posted its earnings results on Tuesday, November 6th. The company reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.32). AAC had a negative net margin of 10.20% and a positive return on equity of 4.21%. The company had revenue of $77.47 million during the quarter, compared to analyst estimates of $84.21 million. During the same period in the previous year, the company earned $0.12 EPS. The company’s quarterly revenue was down 3.7% compared to the same quarter last year.

A number of research firms have commented on AAC. ValuEngine raised shares of AAC from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 13th. Zacks Investment Research cut shares of AAC from a “hold” rating to a “sell” rating in a research report on Wednesday, October 17th. Cantor Fitzgerald cut shares of AAC from an “overweight” rating to a “neutral” rating and set a $4.00 target price on the stock. in a research report on Wednesday, November 7th. Finally, Raymond James decreased their target price on shares of AAC from $14.00 to $12.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 16th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $7.92.

NYSE AAC traded down $0.04 during trading hours on Tuesday, reaching $1.93. The company had a trading volume of 575,147 shares, compared to its average volume of 211,954. AAC has a 1-year low of $1.70 and a 1-year 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. The stock has a market capitalization of $48.96 million, a P/E ratio of 3.22 and a beta of 1.60.

Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE lifted its position in shares of AAC by 2.2% during the second quarter. Bank of America Corp DE now owns 332,301 shares of the company’s stock worth $3,113,000 after purchasing an additional 7,107 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of AAC by 234.9% during the first quarter. The Manufacturers Life Insurance Company now owns 10,724 shares of the company’s stock worth $123,000 after purchasing an additional 7,522 shares in the last quarter. Spark Investment Management LLC lifted its position in shares of AAC by 11.9% during the second quarter. Spark Investment Management LLC now owns 82,600 shares of the company’s stock worth $773,000 after purchasing an additional 8,800 shares in the last quarter. Monarch Partners Asset Management LLC lifted its position in shares of AAC by 12.8% during the third quarter. Monarch Partners Asset Management LLC now owns 78,420 shares of the company’s stock worth $598,000 after purchasing an additional 8,920 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of AAC by 2.2% during the first quarter. BlackRock Inc. now owns 679,756 shares of the company’s stock worth $7,803,000 after purchasing an additional 14,868 shares in the last quarter. 56.44% of the stock is currently owned by institutional investors and hedge funds.

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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