AAC (AAC) Announces Earnings Results

AAC (NYSE:AAC) posted its earnings results on Tuesday. The company reported ($0.85) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by ($0.65), MarketWatch Earnings reports. The firm had revenue of $57.45 million during the quarter. AAC had a positive return on equity of 4.21% and a negative net margin of 10.20%. AAC updated its FY 2019 guidance to $-0.3–0.2 EPS.

AAC stock opened at $1.76 on Wednesday. The firm has a market capitalization of $52.65 million, a P/E ratio of 2.93 and a beta of 2.39. AAC has a 1-year low of $1.33 and a 1-year high of $12.64. 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 been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of AAC from a “hold” rating to a “buy” rating and set a $3.00 price objective on the stock in a report on Monday, January 21st. ValuEngine upgraded shares of AAC from a “hold” rating to a “buy” rating in a report on Wednesday, April 3rd.

A hedge fund recently raised its stake in AAC stock. Geode Capital Management LLC boosted its holdings in AAC Holdings Inc (NYSE:AAC) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,394 shares of the company’s stock after purchasing an additional 4,864 shares during the period. Geode Capital Management LLC owned about 0.45% of AAC worth $154,000 as of its most recent filing with the Securities and Exchange Commission. 48.98% of the stock is owned by institutional investors.

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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 for AAC (NYSE:AAC)

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