Brokerages expect AAC Holdings Inc (NYSE:AAC) to announce sales of $80.54 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for AAC’s earnings, with the lowest sales estimate coming in at $77.08 million and the highest estimate coming in at $84.00 million. AAC posted sales of $78.47 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.6%. The firm is scheduled to announce its next earnings report before the market opens on Wednesday, March 13th.
According to Zacks, analysts expect that AAC will report full year sales of $327.86 million for the current financial year, with estimates ranging from $325.33 million to $330.40 million. For the next fiscal year, analysts anticipate that the business will post sales of $346.13 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow AAC.
Several brokerages recently commented on AAC. Zacks Investment Research upgraded AAC from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 20th. ValuEngine lowered AAC from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 22nd.
Shares of AAC stock opened at $1.84 on Friday. The stock has a market capitalization of $45.27 million, a PE ratio of 7.67 and a beta of 2.44. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 2.58. AAC has a 1-year low of $1.33 and a 1-year high of $12.64.
Institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP boosted its position in shares of AAC by 89.0% during the 3rd quarter. GSA Capital Partners LLP now owns 151,000 shares of the company’s stock valued at $1,152,000 after purchasing an additional 71,100 shares in the last quarter. Vanguard Group Inc boosted its position in shares of AAC by 4.2% during the 3rd quarter. Vanguard Group Inc now owns 634,991 shares of the company’s stock valued at $4,845,000 after purchasing an additional 25,737 shares in the last quarter. Woodmont Investment Counsel LLC bought a new stake in shares of AAC during the 3rd quarter valued at about $353,000. Bank of New York Mellon Corp boosted its position in shares of AAC by 146.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 119,471 shares of the company’s stock valued at $912,000 after purchasing an additional 70,944 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of AAC by 5.7% during the 3rd quarter. Morgan Stanley now owns 1,495,158 shares of the company’s stock valued at $11,408,000 after purchasing an additional 80,865 shares in the last quarter. Institutional investors own 48.98% of the company’s stock.
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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