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.
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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