Analysts expect that Acadia Healthcare Company Inc (NASDAQ:ACHC) will report $0.59 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Acadia Healthcare’s earnings. The lowest EPS estimate is $0.55 and the highest is $0.63. Acadia Healthcare reported earnings of $0.70 per share during the same quarter last year, which would indicate a negative year over year growth rate of 15.7%. The business is expected to announce its next quarterly earnings report on Monday, July 29th.
According to Zacks, analysts expect that Acadia Healthcare will report full-year earnings of $2.21 per share for the current year, with EPS estimates ranging from $2.14 to $2.38. For the next financial year, analysts forecast that the company will post earnings of $2.50 per share, with EPS estimates ranging from $2.18 to $2.97. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Acadia Healthcare.
Acadia Healthcare (NASDAQ:ACHC) last announced its earnings results on Tuesday, April 30th. The company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.04. Acadia Healthcare had a positive return on equity of 7.33% and a negative net margin of 6.50%. The business had revenue of $760.60 million during the quarter, compared to analysts’ expectations of $762.02 million. During the same quarter last year, the business posted $0.52 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis.
Several equities research analysts have recently commented on the company. BidaskClub downgraded Acadia Healthcare from a “buy” rating to a “hold” rating in a report on Tuesday, June 11th. Mizuho set a $30.00 target price on Acadia Healthcare and gave the company a “hold” rating in a report on Friday, May 31st. Deutsche Bank set a $32.00 target price on Acadia Healthcare and gave the company a “hold” rating in a report on Thursday, May 2nd. BMO Capital Markets upped their target price on Acadia Healthcare from $33.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, May 1st. Finally, ValuEngine raised Acadia Healthcare from a “strong sell” rating to a “sell” rating in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $36.80.
Institutional investors have recently made changes to their positions in the stock. Private Capital Group LLC lifted its stake in Acadia Healthcare by 67.3% in the 1st quarter. Private Capital Group LLC now owns 865 shares of the company’s stock worth $25,000 after acquiring an additional 348 shares in the last quarter. Premia Global Advisors LLC purchased a new stake in shares of Acadia Healthcare during the 1st quarter worth about $28,000. Cresset Asset Management LLC purchased a new stake in shares of Acadia Healthcare during the 1st quarter worth about $40,000. Twin Tree Management LP raised its stake in shares of Acadia Healthcare by 3,472.3% during the 1st quarter. Twin Tree Management LP now owns 2,965 shares of the company’s stock worth $87,000 after purchasing an additional 2,882 shares in the last quarter. Finally, Advisor Group Inc. raised its stake in shares of Acadia Healthcare by 23.9% during the 4th quarter. Advisor Group Inc. now owns 3,039 shares of the company’s stock worth $78,000 after purchasing an additional 587 shares in the last quarter.
Shares of NASDAQ ACHC traded down $0.82 during mid-day trading on Friday, hitting $33.03. 435,861 shares of the company traded hands, compared to its average volume of 721,722. Acadia Healthcare has a 1 year low of $24.27 and a 1 year high of $45.35. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 14.75, a P/E/G ratio of 1.76 and a beta of 0.64. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.55.
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 in the United States, the United Kingdom, and Puerto Rico.
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