$0.59 Earnings Per Share Expected for Acadia Healthcare Company Inc (NASDAQ:ACHC) This Quarter

Analysts predict that Acadia Healthcare Company Inc (NASDAQ:ACHC) will post $0.59 earnings per share (EPS) for the current quarter, Zacks reports. Eight analysts have made estimates for Acadia Healthcare’s earnings. The lowest EPS estimate is $0.55 and the highest is $0.63. Acadia Healthcare reported earnings per share of $0.70 during the same quarter last year, which suggests a negative year-over-year growth rate of 15.7%. The company is expected to issue its next quarterly earnings results on Monday, July 29th.

According to Zacks, analysts expect that Acadia Healthcare will report full-year earnings of $2.21 per share for the current year, with EPS estimates ranging from $2.14 to $2.38. For the next financial year, analysts forecast that the business will post earnings of $2.50 per share, with EPS estimates ranging from $2.18 to $2.97. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Acadia Healthcare.

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



ACHC has been the topic of several recent research reports. TheStreet downgraded Acadia Healthcare from a “c” rating to a “d” rating in a report on Friday, March 1st. Robert W. Baird cut their target price on Acadia Healthcare from $40.00 to $38.00 and set a “neutral” rating on the stock in a research note on Monday, March 4th. BidaskClub downgraded Acadia Healthcare from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 7th. Mizuho set a $30.00 target price on Acadia Healthcare and gave the company a “hold” rating in a research note on Friday, May 31st. Finally, Citigroup cut their target price on Acadia Healthcare from $43.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $36.80.

Several hedge funds have recently modified their holdings of ACHC. Dimensional Fund Advisors LP raised its holdings in shares of Acadia Healthcare by 3.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,591,881 shares of the company’s stock worth $143,767,000 after purchasing an additional 176,791 shares during the period. Sapience Investments LLC grew its stake in shares of Acadia Healthcare by 7.0% in the fourth quarter. Sapience Investments LLC now owns 249,060 shares of the company’s stock valued at $6,403,000 after buying an additional 16,280 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in shares of Acadia Healthcare in the fourth quarter valued at about $2,337,000. Condor Capital Management grew its stake in shares of Acadia Healthcare by 10.5% in the fourth quarter. Condor Capital Management now owns 21,570 shares of the company’s stock valued at $555,000 after buying an additional 2,044 shares in the last quarter. Finally, Xact Kapitalforvaltning AB grew its stake in shares of Acadia Healthcare by 2.8% in the fourth quarter. Xact Kapitalforvaltning AB now owns 14,574 shares of the company’s stock valued at $375,000 after buying an additional 400 shares in the last quarter.

Shares of NASDAQ ACHC opened at $33.92 on Friday. The company has a market capitalization of $3.00 billion, a P/E ratio of 15.14, a P/E/G ratio of 1.81 and a beta of 0.64. Acadia Healthcare has a 12-month low of $24.27 and a 12-month high of $45.35. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.07 and a current ratio of 1.07.

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.

Recommended Story: What are no-load funds?

Get a free copy of the Zacks research report on Acadia Healthcare (ACHC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Acadia Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acadia Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.