FY2024 Earnings Forecast for Acadia Healthcare Company, Inc. Issued By KeyCorp (NASDAQ:ACHC)

Acadia Healthcare Company, Inc. (NASDAQ:ACHC) – Analysts at KeyCorp issued their FY2024 earnings estimates for shares of Acadia Healthcare in a note issued to investors on Thursday, October 10th. KeyCorp analyst M. Gillmor expects that the company will earn $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 research firms have also commented on ACHC. Barclays lowered their price objective on shares of Acadia Healthcare from $83.00 to $76.00 and set an “overweight” rating on the stock in a research note on Monday, September 30th. Cantor Fitzgerald reiterated a “neutral” rating and set a $90.00 price target on shares of Acadia Healthcare in a research report on Tuesday, October 1st. Royal Bank of Canada restated an “outperform” rating and issued a $94.00 price objective on shares of Acadia Healthcare in a report on Friday, September 20th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Acadia Healthcare from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Acadia Healthcare presently has an average rating of “Hold” and an average price target of $86.67.

Acadia Healthcare Price Performance

Shares of NASDAQ ACHC opened at $56.96 on Monday. The stock has a market cap of $5.28 billion, a P/E ratio of -406.86, a P/E/G ratio of 1.57 and a beta of 1.29. The firm’s 50-day simple moving average is $71.64 and its 200 day simple moving average is $69.88. Acadia Healthcare has a fifty-two week low of $53.22 and a fifty-two 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.

Acadia Healthcare (NASDAQ:ACHC) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The business had revenue of $796.00 million during 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%. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.92 EPS.

Hedge Funds Weigh In On Acadia Healthcare

Large investors have recently made changes to their positions in the business. Blue Trust Inc. grew its position in Acadia Healthcare by 86.1% during 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 holdings in shares of Acadia Healthcare by 57.1% during the 3rd quarter. GAMMA Investing LLC now owns 663 shares of the company’s stock valued at $42,000 after acquiring an additional 241 shares in the last quarter. Mather Group LLC. acquired a new position in shares of Acadia Healthcare in the first quarter worth $48,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Acadia Healthcare during the second quarter worth $59,000. Finally, nVerses Capital LLC acquired a new stake in Acadia Healthcare during the second quarter valued at $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.