Equities analysts expect that Acadia Healthcare Company Inc (NASDAQ:ACHC) will post earnings of $0.65 per share for the current quarter, Zacks reports. Seven analysts have made estimates for Acadia Healthcare’s earnings, with estimates ranging from $0.59 to $0.68. Acadia Healthcare posted earnings per share of $0.58 in the same quarter last year, which indicates a positive year-over-year growth rate of 12.1%. The firm is expected to announce its next earnings report on Tuesday, October 23rd.
According to Zacks, analysts expect that Acadia Healthcare will report full year earnings of $2.53 per share for the current fiscal year, with EPS estimates ranging from $2.40 to $2.60. For the next fiscal year, analysts forecast that the firm will post earnings of $2.76 per share, with EPS estimates ranging from $2.44 to $2.90. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Acadia Healthcare.
Acadia Healthcare (NASDAQ:ACHC) last issued its quarterly earnings data on Monday, July 30th. The company reported $0.70 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.70. The business had revenue of $765.70 million for the quarter, compared to analysts’ expectations of $767.93 million. Acadia Healthcare had a return on equity of 7.93% and a net margin of 7.52%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.66 EPS.
Several brokerages have recently issued reports on ACHC. Mizuho set a $37.00 price objective on Acadia Healthcare and gave the stock a “hold” rating in a report on Tuesday, August 28th. BMO Capital Markets lowered Acadia Healthcare from an “outperform” rating to a “market perform” rating and set a $45.00 price target on the stock. in a report on Wednesday, August 1st. BidaskClub lowered Acadia Healthcare from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. ValuEngine lowered Acadia Healthcare from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 1st. Finally, Jefferies Financial Group increased their price target on Acadia Healthcare from $44.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $44.36.
Shares of ACHC traded down $2.23 during mid-day trading on Friday, hitting $40.00. 1,090,600 shares of the stock were exchanged, compared to its average volume of 1,015,408. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 1.49 and a beta of 0.61. Acadia Healthcare has a 52-week low of $26.92 and a 52-week high of $49.05. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.24 and a quick ratio of 1.24.
In related news, Director Reeve B. Waud sold 8,135 shares of the stock in a transaction on Thursday, July 26th. The stock was sold at an average price of $45.00, for a total transaction of $366,075.00. Following the sale, the director now owns 14,213 shares in the company, valued at approximately $639,585. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.50% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in ACHC. FDx Advisors Inc. grew its position in Acadia Healthcare by 16.3% in the 1st quarter. FDx Advisors Inc. now owns 23,219 shares of the company’s stock valued at $910,000 after acquiring an additional 3,257 shares during the last quarter. Wells Fargo & Company MN grew its position in Acadia Healthcare by 52.4% in the 1st quarter. Wells Fargo & Company MN now owns 34,769 shares of the company’s stock valued at $1,362,000 after acquiring an additional 11,951 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in Acadia Healthcare by 6.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 72,984 shares of the company’s stock valued at $2,860,000 after acquiring an additional 4,261 shares during the last quarter. Swiss National Bank grew its position in Acadia Healthcare by 2.3% in the 1st quarter. Swiss National Bank now owns 130,068 shares of the company’s stock valued at $5,096,000 after acquiring an additional 2,900 shares during the last quarter. Finally, Stephens Investment Management Group LLC grew its position in Acadia Healthcare by 0.3% in the 1st quarter. Stephens Investment Management Group LLC now owns 1,044,716 shares of the company’s stock valued at $40,932,000 after acquiring an additional 3,473 shares during the last quarter.
About Acadia Healthcare
Acadia Healthcare Company, Inc develops and operates inpatient psychiatric facilities, residential treatment centers, group homes, substance abuse facilities, and outpatient behavioral healthcare facilities to serve the behavioral health and recovery needs of communities. The company operates acute inpatient psychiatric facilities, which offer evaluation and crisis stabilization of patients with severe psychiatric diagnoses; specialty treatment facilities, including residential recovery facilities, eating disorder facilities, and comprehensive treatment centers that provide continuum care for adults with addictive disorders and co-occurring mental disorders; and residential treatment centers, which treat patients with behavioral disorders in a non-hospital setting, including outdoor programs.
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