Acadia Healthcare (ACHC) to Release Quarterly Earnings on Tuesday

Acadia Healthcare (NASDAQ:ACHCGet Rating) is scheduled to announce its earnings results after the market closes on Tuesday, May 3rd. Analysts expect the company to announce earnings of $0.63 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Acadia Healthcare (NASDAQ:ACHCGet Rating) last issued its quarterly earnings data on Monday, February 28th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). Acadia Healthcare had a net margin of 8.24% and a return on equity of 9.66%. The firm had revenue of $593.48 million during the quarter, compared to analyst estimates of $587.80 million. During the same period in the prior year, the company earned $1.13 earnings per share. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, analysts expect Acadia Healthcare to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of NASDAQ ACHC opened at $69.37 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.22 and a quick ratio of 1.22. The stock’s fifty day moving average price is $65.15 and its two-hundred day moving average price is $60.34. Acadia Healthcare has a one year low of $50.07 and a one year high of $76.69. The firm has a market cap of $6.28 billion, a price-to-earnings ratio of 33.03, a P/E/G ratio of 2.42 and a beta of 1.40.

Several research firms have recently issued reports on ACHC. SVB Leerink increased their target price on Acadia Healthcare from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, April 8th. Credit Suisse Group increased their target price on Acadia Healthcare from $74.00 to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, March 2nd. Finally, StockNews.com began coverage on Acadia Healthcare in a report on Thursday, March 31st. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Acadia Healthcare has an average rating of “Buy” and an average price target of $72.85.

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Acadia Healthcare by 3.5% in the fourth quarter. BlackRock Inc. now owns 7,588,129 shares of the company’s stock valued at $460,597,000 after purchasing an additional 259,180 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Acadia Healthcare by 22.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,331,746 shares of the company’s stock valued at $80,836,000 after purchasing an additional 240,932 shares during the last quarter. Morgan Stanley raised its position in Acadia Healthcare by 251.1% in the second quarter. Morgan Stanley now owns 196,080 shares of the company’s stock valued at $12,305,000 after purchasing an additional 140,231 shares during the last quarter. Renaissance Technologies LLC bought a new position in Acadia Healthcare in the fourth quarter valued at about $2,653,000. Finally, Wells Fargo & Company MN raised its position in Acadia Healthcare by 38.1% in the fourth quarter. Wells Fargo & Company MN now owns 73,892 shares of the company’s stock valued at $4,486,000 after purchasing an additional 20,398 shares during the last quarter.

About Acadia Healthcare (Get Rating)

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 and Puerto Rico.

Further Reading

Earnings History for Acadia Healthcare (NASDAQ:ACHC)

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