Brokers Set Expectations for Acadia Healthcare Company Inc’s Q2 2019 Earnings (ACHC)

Acadia Healthcare Company Inc (NASDAQ:ACHC) – Stock analysts at Jefferies Financial Group boosted their Q2 2019 EPS estimates for shares of Acadia Healthcare in a note issued to investors on Wednesday, May 1st, according to Zacks Investment Research. Jefferies Financial Group analyst B. Tanquilut now anticipates that the company will post earnings per share of $0.55 for the quarter, up from their prior estimate of $0.54. Jefferies Financial Group also issued estimates for Acadia Healthcare’s Q4 2019 earnings at $0.62 EPS and FY2019 earnings at $2.17 EPS.

Acadia Healthcare (NASDAQ:ACHC) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. The firm had revenue of $760.60 million for the quarter, compared to analyst estimates of $762.02 million. Acadia Healthcare had a negative net margin of 6.50% and a positive return on equity of 7.33%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 earnings per share.

Several other research analysts have also issued reports on ACHC. BidaskClub upgraded shares of Acadia Healthcare from a “hold” rating to a “buy” rating in a research report on Wednesday, May 22nd. ValuEngine upgraded shares of Acadia Healthcare from a “strong sell” rating to a “sell” rating in a research report on Wednesday, April 24th. Zacks Investment Research upgraded shares of Acadia Healthcare from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Monday, February 18th. Deutsche Bank set a $32.00 price target on shares of Acadia Healthcare and gave the stock a “hold” rating in a research report on Thursday, May 2nd. Finally, Robert W. Baird decreased their price objective on shares of Acadia Healthcare from $40.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $36.80.

Acadia Healthcare stock traded up $0.77 during mid-day trading on Monday, hitting $32.82. The company’s stock had a trading volume of 865,218 shares, compared to its average volume of 999,989. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 14.65, a price-to-earnings-growth ratio of 1.74 and a beta of 0.70. Acadia Healthcare has a twelve month low of $24.27 and a twelve month high of $45.35.

Institutional investors have recently bought and sold shares of the stock. Elliott Management Corp acquired a new stake in shares of Acadia Healthcare during the 4th quarter valued at $83,558,000. Ares Management LLC boosted its stake in shares of Acadia Healthcare by 100.1% during the 1st quarter. Ares Management LLC now owns 2,601,923 shares of the company’s stock valued at $76,262,000 after buying an additional 1,301,554 shares during the period. P2 Capital Partners LLC boosted its stake in shares of Acadia Healthcare by 35.2% during the 1st quarter. P2 Capital Partners LLC now owns 4,278,724 shares of the company’s stock valued at $125,409,000 after buying an additional 1,115,000 shares during the period. Norges Bank acquired a new stake in shares of Acadia Healthcare during the 4th quarter valued at $24,857,000. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Acadia Healthcare by 2,686.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 897,973 shares of the company’s stock valued at $35,000 after buying an additional 865,743 shares during the period.

Acadia Healthcare Company Profile

Acadia Healthcare Company, Inc develops and operates inpatient psychiatric facilities, residential treatment centers, group homes, substance abuse facilities, and outpatient behavioral healthcare facilities to serve the behavioral health and recovery needs of communities in the United States, the United Kingdom, and Puerto Rico.

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Earnings History and Estimates for Acadia Healthcare (NASDAQ:ACHC)

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