AAC Holdings (AAC) Earning Somewhat Negative News Coverage, Report Finds
Media coverage about AAC Holdings (NYSE:AAC) has trended somewhat negative this week, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. AAC Holdings earned a media sentiment score of -0.12 on Accern’s scale. Accern also assigned media stories about the company an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern’s scoring:
- Edited Transcript of AAC earnings conference call or presentation 3-Aug-17 1:00pm GMT (finance.yahoo.com)
- AAC Holdings, Inc. (AAC) Releases Quarterly Earnings Results, Beats Expectations By $0.12 EPS (americanbankingnews.com)
- BRIEF-AAC Holdings Inc Q2 loss per share $0.08 (reuters.com)
- AAC Holdings reports 2Q loss (finance.yahoo.com)
- AAC Holdings, Inc. Reports Second Quarter 2017 Results (finance.yahoo.com)
AAC has been the subject of several research analyst reports. Zacks Investment Research raised shares of AAC Holdings from a “sell” rating to a “hold” rating in a research report on Friday, April 14th. Mizuho dropped their target price on shares of AAC Holdings from $9.00 to $6.00 and set a “neutral” rating for the company in a research report on Tuesday, May 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $21.33.
Shares of AAC Holdings (NYSE AAC) traded up 11.66% on Friday, reaching $8.14. 440,417 shares of the company were exchanged. AAC Holdings has a 52 week low of $5.99 and a 52 week high of $21.45. The company’s market capitalization is $189.19 million. The company’s 50-day moving average is $6.69 and its 200-day moving average is $7.49.
AAC Holdings (NYSE:AAC) last issued its earnings results on Wednesday, August 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.12. AAC Holdings had a negative net margin of 1.55% and a positive return on equity of 10.69%. The company had revenue of $78.04 million for the quarter, compared to analysts’ expectations of $73.40 million. During the same period in the prior year, the business earned $0.18 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities analysts expect that AAC Holdings will post $0.54 EPS for the current fiscal year.
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About AAC Holdings
AAC Holdings, Inc is a provider of inpatient and outpatient substance abuse treatment services for individuals with drug and alcohol addiction. The Company performs drug testing and diagnostics laboratory services and provides physician services to its clients. As of June 30, 2016, the Company operated 12 residential substance abuse treatment facilities located throughout the United States, focused on delivering clinical care and treatment solutions across 1,139 beds, which includes 636 licensed detoxification beds, and 18 standalone outpatient centers.
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