What is Zacks Research’s Forecast for ACHC FY2024 Earnings?

Acadia Healthcare Company, Inc. (NASDAQ:ACHC) – Investment analysts at Zacks Research upped their FY2024 earnings per share estimates for shares of Acadia Healthcare in a report released on Wednesday, December 18th. Zacks Research analyst Z. Masood now forecasts that the company will post earnings of $3.39 per share for the year, up from their previous estimate of $3.37. The consensus estimate for Acadia Healthcare’s current full-year earnings is $3.38 per share. Zacks Research also issued estimates for Acadia Healthcare’s Q4 2024 earnings at $0.73 EPS, Q1 2025 earnings at $0.77 EPS and Q4 2025 earnings at $0.99 EPS.

Several other research analysts also recently issued reports on ACHC. Royal Bank of Canada dropped their price objective on shares of Acadia Healthcare from $94.00 to $64.00 and set an “outperform” rating on the stock in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft upgraded Acadia Healthcare from a “hold” rating to a “buy” rating and boosted their price target for the company from $45.00 to $75.00 in a research note on Thursday, December 12th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $52.00 price objective on shares of Acadia Healthcare in a research report on Tuesday, December 10th. StockNews.com upgraded Acadia Healthcare from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Finally, Barclays reduced their target price on Acadia Healthcare from $76.00 to $43.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Acadia Healthcare currently has a consensus rating of “Moderate Buy” and an average target price of $75.44.

Acadia Healthcare Price Performance

NASDAQ:ACHC opened at $37.50 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.07 and a quick ratio of 1.07. Acadia Healthcare has a one year low of $36.50 and a one year high of $87.77. The company has a fifty day moving average price of $43.80 and a 200 day moving average price of $60.73. The stock has a market cap of $3.48 billion, a P/E ratio of 12.30, a PEG ratio of 1.77 and a beta of 1.30.

Acadia Healthcare (NASDAQ:ACHC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.90 by $0.01. Acadia Healthcare had a return on equity of 11.12% and a net margin of 8.99%. The company had revenue of $815.60 million for the quarter, compared to the consensus estimate of $819.42 million. During the same period in the previous year, the business posted $0.91 EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ACHC. Principal Financial Group Inc. increased its position in shares of Acadia Healthcare by 2.1% during the 3rd quarter. Principal Financial Group Inc. now owns 656,889 shares of the company’s stock worth $41,653,000 after purchasing an additional 13,368 shares in the last quarter. Oddo BHF Asset Management Sas bought a new stake in Acadia Healthcare during the third quarter worth about $1,613,000. Franklin Resources Inc. increased its holdings in shares of Acadia Healthcare by 273.1% during the third quarter. Franklin Resources Inc. now owns 105,228 shares of the company’s stock worth $6,673,000 after buying an additional 77,027 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Acadia Healthcare by 7.9% in the third quarter. Tidal Investments LLC now owns 4,664 shares of the company’s stock valued at $296,000 after acquiring an additional 340 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Acadia Healthcare by 8.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 56,594 shares of the company’s stock worth $3,589,000 after acquiring an additional 4,426 shares in the last quarter.

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.