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

Acadia Healthcare Company, Inc. (NASDAQ:ACHC) – Analysts at KeyCorp issued their FY2024 earnings per share (EPS) estimates for shares of Acadia Healthcare in a research report issued on Thursday, October 10th. KeyCorp analyst M. Gillmor forecasts that the company will post earnings of $3.51 per share for the year. KeyCorp has a “Sector Weight” rating on the stock. The consensus estimate for Acadia Healthcare’s current full-year earnings is $3.51 per share. KeyCorp also issued estimates for Acadia Healthcare’s FY2025 earnings at $3.86 EPS and FY2026 earnings at $4.47 EPS.

A number of other analysts also recently commented on ACHC. Cantor Fitzgerald restated a “neutral” rating and issued a $90.00 target price on shares of Acadia Healthcare in a research note on Tuesday, October 1st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $94.00 price target on shares of Acadia Healthcare in a report on Friday, September 20th. Barclays reduced their price target on Acadia Healthcare from $83.00 to $76.00 and set an “overweight” rating for the company in a report on Monday, September 30th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Acadia Healthcare from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $86.67.

Acadia Healthcare Stock Down 1.2 %

Shares of ACHC opened at $54.82 on Monday. Acadia Healthcare has a 52 week low of $53.22 and a 52 week high of $87.77. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $5.09 billion, a price-to-earnings ratio of -391.57, a PEG ratio of 1.57 and a beta of 1.29. The stock’s 50-day moving average price is $72.20 and its 200-day moving average price is $70.19.

Acadia Healthcare (NASDAQ:ACHC) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. Acadia Healthcare had a positive return on equity of 11.42% and a negative net margin of 0.17%. The business had revenue of $796.00 million for the quarter, compared to the consensus estimate of $784.38 million. During the same quarter in the previous year, the business earned $0.92 EPS. The company’s quarterly revenue was up 8.8% compared to the same quarter last year.

Hedge Funds Weigh In On Acadia Healthcare

A number of hedge funds have recently made changes to their positions in ACHC. Blue Trust Inc. grew its position in shares of Acadia Healthcare by 86.1% in the second quarter. Blue Trust Inc. now owns 536 shares of the company’s stock valued at $36,000 after purchasing an additional 248 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Acadia Healthcare by 57.1% in the third quarter. GAMMA Investing LLC now owns 663 shares of the company’s stock valued at $42,000 after purchasing an additional 241 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Acadia Healthcare in the first quarter valued at approximately $48,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Acadia Healthcare in the second quarter valued at approximately $59,000. Finally, nVerses Capital LLC purchased a new stake in shares of Acadia Healthcare in the second quarter valued at approximately $95,000.

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.