AAC (NYSE:AAC) Issues Quarterly Earnings Results, Misses Expectations By $0.40 EPS

AAC (NYSE:AAC) issued its earnings results on Friday. The company reported ($0.50) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.40), MarketWatch Earnings reports. The firm had revenue of $62.72 million during the quarter, compared to analyst estimates of $71.40 million. AAC had a negative net margin of 26.42% and a negative return on equity of 39.45%. AAC updated its FY 2019 guidance to $-1.8–1.5 EPS.

NYSE:AAC traded down $0.09 during mid-day trading on Friday, hitting $0.60. The stock had a trading volume of 494,830 shares, compared to its average volume of 246,986. The stock has a 50-day simple moving average of $0.85 and a two-hundred day simple moving average of $1.52. The company has a market capitalization of $14.92 million, a PE ratio of -0.57 and a beta of 2.43. AAC has a twelve month low of $0.50 and a twelve month high of $9.49. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 3.37.

In other news, insider Stephen Ebbett bought 55,549 shares of AAC stock in a transaction that occurred on Tuesday, June 11th. The shares were purchased at an average price of $0.80 per share, with a total value of $44,439.20. Following the completion of the acquisition, the insider now directly owns 65,549 shares in the company, valued at $52,439.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lucius E. Burch III bought 51,003 shares of AAC stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average cost of $0.81 per share, for a total transaction of $41,312.43. Following the acquisition, the director now owns 1,270,482 shares of the company’s stock, valued at $1,029,090.42. The disclosure for this purchase can be found here. 31.22% of the stock is owned by company insiders.

AAC has been the topic of several analyst reports. Zacks Investment Research raised shares of AAC from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 18th. Raymond James cut shares of AAC from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 13th. Finally, ValuEngine cut shares of AAC from a “buy” rating to a “hold” rating in a report on Friday, August 16th.

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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