Brokers Offer Predictions for Acadia Healthcare Company, Inc.’s FY2024 Earnings (NASDAQ:ACHC)

Acadia Healthcare Company, Inc. (NASDAQ:ACHC) – Analysts at Zacks Research issued their FY2024 earnings per share estimates for shares of Acadia Healthcare in a research report issued on Wednesday, August 14th. Zacks Research analyst Z. Masood forecasts that the company will earn $3.50 per share for the year. The consensus estimate for Acadia Healthcare’s current full-year earnings is $3.51 per share. Zacks Research also issued estimates for Acadia Healthcare’s Q4 2024 earnings at $0.85 EPS, Q3 2025 earnings at $1.01 EPS and Q4 2025 earnings at $0.98 EPS.

A number of other research analysts have also commented on ACHC. Bank of America decreased their price objective on Acadia Healthcare from $105.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. TD Cowen decreased their price objective on Acadia Healthcare from $101.00 to $91.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. Barclays decreased their price objective on Acadia Healthcare from $89.00 to $83.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Royal Bank of Canada restated an “outperform” rating and issued a $94.00 price target on shares of Acadia Healthcare in a research report on Wednesday, May 22nd. Finally, Mizuho reduced their price target on Acadia Healthcare from $84.00 to $70.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $87.44.

Acadia Healthcare Stock Up 1.0 %

Shares of ACHC opened at $75.19 on Monday. The firm has a market capitalization of $6.98 billion, a price-to-earnings ratio of -537.07, a PEG ratio of 2.21 and a beta of 1.32. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.27 and a current ratio of 1.18. The business’s fifty day moving average price is $68.19 and its two-hundred day moving average price is $72.72. Acadia Healthcare has a 52 week low of $62.04 and a 52 week high of $87.77.

Acadia Healthcare (NASDAQ:ACHC) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The business had revenue of $796.00 million for the quarter, compared to analyst estimates of $784.38 million. Acadia Healthcare had a positive return on equity of 11.42% and a negative net margin of 0.17%. Acadia Healthcare’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.92 EPS.

Institutional Trading of Acadia Healthcare

Several hedge funds have recently added to or reduced their stakes in the business. New York State Teachers Retirement System raised its stake in Acadia Healthcare by 0.3% during the 1st quarter. New York State Teachers Retirement System now owns 76,054 shares of the company’s stock worth $6,025,000 after buying an additional 200 shares during the period. Blue Trust Inc. raised its stake in Acadia Healthcare by 86.1% during the 2nd quarter. Blue Trust Inc. now owns 536 shares of the company’s stock worth $36,000 after buying an additional 248 shares during the period. Commonwealth Equity Services LLC raised its stake in Acadia Healthcare by 3.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 7,595 shares of the company’s stock worth $513,000 after buying an additional 257 shares during the period. Quent Capital LLC raised its stake in Acadia Healthcare by 8.1% during the 1st quarter. Quent Capital LLC now owns 3,784 shares of the company’s stock worth $300,000 after buying an additional 284 shares during the period. Finally, Retirement Systems of Alabama raised its stake in Acadia Healthcare by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 115,799 shares of the company’s stock worth $9,174,000 after buying an additional 303 shares during the period.

Acadia Healthcare Company Profile

Acadia Healthcare Company, Inc provides behavioral healthcare services in the United States and Puerto Rico. The company develops and operates acute inpatient psychiatric facilities, specialty treatment facilities comprising residential recovery facilities and eating disorder facilities, comprehensive treatment centers, and residential treatment centers, as well as facilities offering outpatient behavioral healthcare services for the behavioral healthcare and recovery needs of communities.