William Blair Comments on AAC Holdings Inc’s FY2018 Earnings (AAC)

AAC Holdings Inc (NYSE:AAC) – Research analysts at William Blair lowered their FY2018 earnings per share (EPS) estimates for shares of AAC in a note issued to investors on Tuesday, November 6th. William Blair analyst R. Daniels now forecasts that the company will post earnings per share of $0.39 for the year, down from their prior forecast of $0.71.

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

NYSE AAC opened at $2.99 on Friday. AAC has a 1 year low of $2.68 and a 1 year high of $12.96. The company has a debt-to-equity ratio of 2.34, a quick ratio of 2.59 and a current ratio of 2.59. The company has a market capitalization of $72.81 million, a price-to-earnings ratio of 4.90 and a beta of 1.60.

AAC (NYSE:AAC) last posted its earnings results on Tuesday, November 6th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.32). AAC had a positive return on equity of 4.11% and a negative net margin of 10.20%. The firm had revenue of $77.47 million during the quarter, compared to analysts’ expectations of $84.21 million. During the same quarter in the prior year, the company earned $0.12 earnings per share. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year.

Several institutional investors have recently bought and sold shares of AAC. BlackRock Inc. raised its position in shares of AAC by 2.2% during the 1st quarter. BlackRock Inc. now owns 679,756 shares of the company’s stock valued at $7,803,000 after buying an additional 14,868 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of AAC by 189.9% during the 1st quarter. JPMorgan Chase & Co. now owns 61,616 shares of the company’s stock valued at $707,000 after buying an additional 40,360 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of AAC by 59.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 51,884 shares of the company’s stock valued at $596,000 after buying an additional 19,359 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of AAC by 234.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 10,724 shares of the company’s stock valued at $123,000 after buying an additional 7,522 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of AAC by 43.1% during the 1st quarter. Millennium Management LLC now owns 399,477 shares of the company’s stock valued at $4,586,000 after buying an additional 120,373 shares in the last quarter. Hedge funds and other institutional investors own 61.96% 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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