AAC (AAC) Updates FY18 Earnings Guidance

AAC (NYSE:AAC) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share guidance of ($0.15-0.10) for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.72. The company issued revenue guidance of $315-320 million, compared to the consensus revenue estimate of $337.24 million.AAC also updated its FY 2018 guidance to $-0.15–0.1 EPS.

NYSE AAC traded up $0.02 on Wednesday, hitting $2.99. 1,297,899 shares of the stock were exchanged, compared to its average volume of 229,428. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 2.34. AAC has a fifty-two week low of $2.80 and a fifty-two week high of $12.96. The stock has a market capitalization of $141.43 million, a PE ratio of 4.98 and a beta of 1.60.

AAC (NYSE:AAC) last issued its earnings results on Tuesday, November 6th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.32). AAC had a negative net margin of 6.41% and a positive return on equity of 7.32%. The company had revenue of $77.47 million during the quarter, compared to analyst estimates of $84.21 million. During the same quarter in the previous year, the company posted $0.12 EPS. The company’s quarterly revenue was down 3.7% on a year-over-year basis. On average, equities research analysts expect that AAC will post 0.72 earnings per share for the current fiscal year.

A number of equities analysts have recently issued reports on AAC shares. Zacks Investment Research upgraded shares of AAC from a hold rating to a buy rating and set a $7.75 price target for the company in a report on Wednesday, October 3rd. Raymond James decreased their price target on shares of AAC from $14.00 to $12.00 and set an outperform rating on the stock in a research note on Tuesday, October 16th. Cantor Fitzgerald cut shares of AAC from an overweight rating to a neutral rating and set a $4.00 price target on the stock. in a research note on Wednesday. Finally, ValuEngine lowered shares of AAC from a sell rating to a strong sell rating in a report on Thursday, August 30th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $7.92.

TRADEMARK VIOLATION NOTICE: This piece was reported by WKRB News and is the property of of WKRB News. If you are accessing this piece on another site, it was illegally stolen and reposted in violation of U.S. and international copyright law. The legal version of this piece can be read at https://www.wkrb13.com/2018/11/07/aac-aac-updates-fy18-earnings-guidance.html.

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.

See Also: Book Value Per Share – BVPS

Earnings History and Estimates for AAC (NYSE:AAC)

Receive News & Ratings for AAC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AAC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply