$72.99 Million in Sales Expected for AAC Holdings Inc (AAC) This Quarter

Analysts predict that AAC Holdings Inc (NYSE:AAC) will post $72.99 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for AAC’s earnings. The lowest sales estimate is $71.80 million and the highest is $74.17 million. AAC posted sales of $86.76 million in the same quarter last year, which indicates a negative year-over-year growth rate of 15.9%. The business is expected to report its next earnings results on Wednesday, August 7th.

On average, analysts expect that AAC will report full-year sales of $299.11 million for the current fiscal year, with estimates ranging from $297.71 million to $300.50 million. For the next year, analysts forecast that the business will report sales of $312.34 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for AAC.

AAC (NYSE:AAC) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.79) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.66). AAC had a negative return on equity of 39.45% and a negative net margin of 26.42%. The business had revenue of $55.37 million for the quarter, compared to analysts’ expectations of $75.16 million.

A number of brokerages have weighed in on AAC. Raymond James reduced their price target on AAC from $7.00 to $5.00 and set an “outperform” rating on the stock in a research note on Thursday, April 18th. ValuEngine lowered AAC from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Finally, Zacks Investment Research lowered AAC from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 13th.

Shares of AAC stock opened at $1.65 on Thursday. AAC has a fifty-two week low of $1.33 and a fifty-two week high of $12.45. The firm has a market cap of $42.25 million, a price-to-earnings ratio of -1.56 and a beta of 2.30. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.18 and a current ratio of 0.18.

Several hedge funds have recently added to or reduced their stakes in AAC. Two Sigma Investments LP acquired a new stake in shares of AAC during the 4th quarter worth $49,000. Geode Capital Management LLC increased its holdings in shares of AAC by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 110,394 shares of the company’s stock worth $154,000 after buying an additional 4,864 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of AAC during the 4th quarter worth $202,000. Bank of New York Mellon Corp increased its holdings in shares of AAC by 47.0% during the 4th quarter. Bank of New York Mellon Corp now owns 175,579 shares of the company’s stock worth $246,000 after buying an additional 56,108 shares during the last quarter. Finally, Empirical Capital Management LLC acquired a new stake in shares of AAC during the 4th quarter worth $402,000. Institutional investors and hedge funds own 46.97% of the company’s stock.

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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