AAC (NYSE:AAC) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $-0.3–0.2 for the period, compared to the Thomson Reuters consensus estimate of $0.08. The company issued revenue guidance of $290-310 million, compared to the consensus revenue estimate of $312.25 million.
A number of research analysts have recently weighed in on the stock. ValuEngine upgraded shares of AAC from a hold rating to a buy rating in a report on Wednesday, April 3rd. Zacks Investment Research downgraded shares of AAC from a buy rating to a hold rating in a report on Wednesday, January 23rd.
AAC stock opened at $1.74 on Wednesday. The firm has a market cap of $52.65 million, a PE ratio of 2.90 and a beta of 2.39. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 2.58. AAC has a 1-year low of $1.33 and a 1-year high of $12.64.
An institutional investor recently raised its position in AAC stock. Geode Capital Management LLC grew its holdings in shares of AAC Holdings Inc (NYSE:AAC) by 4.6% during the fourth quarter, according to its most recent 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 quarter. 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. Hedge funds and other institutional investors own 48.98% of the company’s stock.
WARNING: This piece was originally reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this piece on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece can be viewed at https://www.thelincolnianonline.com/2019/04/17/aac-aac-releases-fy-2019-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.
Featured Story: Does the discount rate affect the economy?
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.