AAC Holdings Inc (AAC) Expected to Announce Quarterly Sales of $87.22 Million

Brokerages predict that AAC Holdings Inc (NYSE:AAC) will post $87.22 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for AAC’s earnings. The lowest sales estimate is $84.85 million and the highest is $89.60 million. AAC posted sales of $86.14 million during the same quarter last year, which would indicate a positive year over year growth rate of 1.3%. The company is expected to issue its next quarterly earnings report on Wednesday, February 20th.

On average, analysts expect that AAC will report full-year sales of $333.10 million for the current financial year. For the next financial year, analysts expect that the business will report sales of $368.12 million, with estimates ranging from $341.35 million to $394.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover AAC.

AAC (NYSE:AAC) last announced 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 positive return on equity of 4.21% and a negative net margin of 10.20%. The company had revenue of $77.47 million during the quarter, compared to analysts’ expectations of $84.21 million. During the same quarter last year, the firm posted $0.12 EPS. AAC’s revenue for the quarter was down 3.7% compared to the same quarter last year.

A number of equities research analysts recently issued reports on the company. ValuEngine lowered AAC from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. Zacks Investment Research lowered AAC from a “hold” rating to a “sell” rating in a research note on Wednesday, October 17th. Raymond James decreased their price target on AAC from $14.00 to $12.00 and set an “outperform” rating for the company in a research note on Tuesday, October 16th. Finally, Cantor Fitzgerald lowered AAC from an “overweight” rating to a “neutral” rating and set a $4.00 price target for the company. in a research note on Wednesday, November 7th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $7.92.

Shares of AAC stock opened at $2.76 on Tuesday. AAC has a 52-week low of $2.67 and a 52-week 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 2.59. The company has a market cap of $73.56 million, a P/E ratio of 4.60 and a beta of 1.60.

Several hedge funds have recently modified their holdings of AAC. Apollo Management Holdings L.P. lifted its stake in shares of AAC by 102.9% during the 2nd quarter. Apollo Management Holdings L.P. now owns 466,685 shares of the company’s stock worth $4,373,000 after acquiring an additional 236,652 shares during the last quarter. Millennium Management LLC lifted its stake in shares of AAC by 43.1% during the 1st quarter. Millennium Management LLC now owns 399,477 shares of the company’s stock worth $4,586,000 after acquiring an additional 120,373 shares during the last quarter. BlackRock Inc. lifted its stake in shares of AAC by 14.3% during the 2nd quarter. BlackRock Inc. now owns 777,117 shares of the company’s stock worth $7,282,000 after acquiring an additional 97,361 shares during the last quarter. Mondrian Investment Partners LTD lifted its stake in shares of AAC by 22.0% during the 3rd quarter. Mondrian Investment Partners LTD now owns 525,786 shares of the company’s stock worth $4,012,000 after acquiring an additional 94,649 shares during the last quarter. Finally, Bowling Portfolio Management LLC bought a new stake in shares of AAC during the 2nd quarter worth approximately $759,000. 61.96% of the stock is owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for AAC (NYSE:AAC)

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