$84.48 Million in Sales Expected for AAC Holdings Inc (AAC) This Quarter

Equities analysts expect that AAC Holdings Inc (NYSE:AAC) will announce $84.48 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for AAC’s earnings, with the highest sales estimate coming in at $85.50 million and the lowest estimate coming in at $83.47 million. AAC reported sales of $78.04 million during the same quarter last year, which indicates a positive year over year growth rate of 8.3%. The firm is expected to report its next quarterly earnings report on Wednesday, August 1st.

According to Zacks, analysts expect that AAC will report full-year sales of $338.70 million for the current fiscal year, with estimates ranging from $336.50 million to $340.90 million. For the next fiscal year, analysts expect that the firm will report sales of $390.40 million per share, with estimates ranging from $377.41 million to $403.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for AAC.

AAC (NYSE:AAC) last posted its quarterly earnings results on Wednesday, May 2nd. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. The firm had revenue of $78.50 million for the quarter, compared to the consensus estimate of $75.92 million. AAC had a negative net margin of 6.25% and a positive return on equity of 9.76%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted $0.12 earnings per share.



Several analysts have commented on the company. Zacks Investment Research raised AAC from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Tuesday, March 13th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $14.00 target price on shares of AAC in a research report on Wednesday, May 2nd. Five analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average price target of $14.00.

AAC traded down $0.14 on Thursday, hitting $10.09. 346,892 shares of the company traded hands, compared to its average volume of 142,864. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 2.28. The company has a market cap of $251.65 million, a PE ratio of 16.82 and a beta of 1.33. AAC has a 12-month low of $5.99 and a 12-month high of $13.06.

In related news, CEO Michael T. Cartwright sold 61,000 shares of the company’s stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $11.95, for a total value of $728,950.00. Following the completion of the sale, the chief executive officer now directly owns 2,719,099 shares in the company, valued at $32,493,233.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David C. Kloeppel sold 5,000 shares of the company’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $11.32, for a total transaction of $56,600.00. Following the completion of the sale, the director now owns 156,080 shares of the company’s stock, valued at $1,766,825.60. The disclosure for this sale can be found here. Insiders sold a total of 166,000 shares of company stock worth $1,963,550 over the last ninety days. Corporate insiders own 37.30% of the company’s stock.

A number of large investors have recently modified their holdings of AAC. Millennium Management LLC raised its position in AAC by 43.1% in the first quarter. Millennium Management LLC now owns 399,477 shares of the company’s stock valued at $4,586,000 after purchasing an additional 120,373 shares during the period. Hancock Holding Co. acquired a new position in AAC during the 1st quarter worth $311,000. The Manufacturers Life Insurance Company lifted its position in AAC by 234.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 10,724 shares of the company’s stock worth $123,000 after acquiring an additional 7,522 shares during the last quarter. Blair William & Co. IL lifted its position in AAC by 16.6% during the 1st quarter. Blair William & Co. IL now owns 247,634 shares of the company’s stock worth $2,843,000 after acquiring an additional 35,190 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in AAC by 59.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 51,884 shares of the company’s stock worth $596,000 after acquiring an additional 19,359 shares during the last quarter. Hedge funds and other institutional investors own 62.16% 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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Earnings History and Estimates for AAC (NYSE:AAC)

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