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Here's Why Investors Should Hold Acadia (ACHC) Stock for Now
ZACKS· 2024-08-14 19:20
Acadia Healthcare Company, Inc. (ACHC) is aided by growing patient volumes, an extensive healthcare network resulting from numerous joint ventures (JVs) and other expansion initiatives, as well as improved cash reserves.Zacks Rank & Price PerformanceAcadia Healthcare currently carries a Zacks Rank #3 (Hold).The stock has gained 5.5% in the past three months.Image Source: Zacks Investment ResearchRobust Growth ProspectsThe Zacks Consensus Estimate for Acadia Healthcare’s 2024 earnings is pegged at $3.51 per ...
Acadia Healthcare(ACHC) - 2024 Q2 - Earnings Call Transcript
2024-08-01 20:41
Acadia Healthcare Company, Inc (NASDAQ:ACHC) Q2 2024 Results Conference Call August 1, 2024 9:00 AM ET Company Participants Patrick Feeley - Head of Investor Relations Chris Hunter - Chief Executive Officer Heather Dixon - Chief Financial Officer Conference Call Participants Whit Mayo - Leerink Partners A.J. Rice - UBS Brian Tanquilut - Jefferies Kevin Fischbeck - Bank of America Ben Hendrix - RBC Capital Markets John Ransom - Raymond James Scott Fidel - Stephens Pito Chickering - Deutsche Bank Andrew Mok - ...
Acadia Healthcare(ACHC) - 2024 Q2 - Quarterly Report
2024-08-01 20:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 001-35331 Acadia Healthcare Company, Inc. (Exact name of registrant as specified in its charter) Delaware ...
Acadia Healthcare (ACHC) Beats Q2 Earnings and Revenue Estimates
ZACKS· 2024-07-31 23:26
Acadia Healthcare (ACHC) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $0.92 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.41%. A quarter ago, it was expected that this provider of inpatient behavioral health care services would post earnings of $0.80 per share when it actually produced earnings of $0.84, delivering a surprise of 5 ...
Acadia Healthcare(ACHC) - 2024 Q2 - Quarterly Results
2024-07-31 21:23
Exhibit 99 ACADIA HEALTHCARE REPORTS SECOND QUARTER 2024 RESULTS PROVIDES UPDATED GUIDANCE FOR 2024 FRANKLIN, Tenn. (July 31, 2024) – Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced financial results for the second quarter and six months ended June 30, 2024. Second Quarter Highlights ● Revenue totaled $796.0 million, an increase of 8.8% over the second quarter of 2023 ● Same facility revenue increased 8.3% compared with the second quarter of 2023, including an increase in revenue per patient ...
5 Hospital Stocks Set to Gain From Robust Industry Trends
zacks.com· 2024-05-27 15:36
The near-term prospects of the Zacks Medical-Hospital industry will be shaped by various factors, including rising patient volumes, resumption of elective procedures, and technological and cybersecurity advancements. While increasing salaries and moderate staffing constraints will play a deterrent, the effects of it would be largely offset by higher revenue per admission. Consolidation activities are making a strong comeback in the hospital space.Capacity expansions are expected to be prevalent as hospital ...
Acadia (ACHC), Geisinger JV Begin Construction of New Hospital
Zacks Investment Research· 2024-05-09 16:26
Acadia Healthcare Company, Inc. (ACHC) recently announced a collaboration with Geisinger, a provider of value-based care services, to begin construction on a new behavioral health hospital in Danville, PA. The 96-bed state-of-the-art facility is scheduled to open in spring 2025. It’ll be named Geisinger Behavioral Health Center Danville.The new hospital is expected to address the growing demand for high-quality behavioral health services in the central part of the state. It will provide inpatient, intensive ...
Acadia Healthcare (ACHC) Shares Down 9% Despite Q1 Earnings Beat
Zacks Investment Research· 2024-05-06 17:51
Shares of Acadia Healthcare Company, Inc. (ACHC) declined 9.4% since it reported first-quarter 2024 earnings on May 1. The results were hurt by a decline in admissions, which remain the most significant contributor to a healthcare facility operator’s top line. Additionally, an elevated expense level resulting from higher salaries, wages and benefits led to the downside as well. Nevertheless, improved patient days provided some respite to its revenues while sustained demand for behavioral health services and ...
Acadia Healthcare(ACHC) - 2024 Q1 - Earnings Call Transcript
2024-05-03 07:05
Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Q1 2024 Earnings Conference Call May 2, 2024 9:00 AM ET Company Participants Patrick Feeley - Head, Investor Relations Chris Hunter - Chief Executive Officer Heather Dixon - Chief Financial Officer Conference Call Participants Scott Fidel - Stephens Whit Mayo - Leerink Partners Brian Tanquilut - Jefferies Andrew Mok - Barclays Ben Hendrix - RBC Capital Markets A.J. Rice - UBS John Ransom - Raymond James Pito Chickering - Deutsche Bank Operator Good day, and welc ...
Acadia Healthcare(ACHC) - 2024 Q1 - Quarterly Report
2024-05-02 20:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 001-35331 Acadia Healthcare Company, Inc. (Exact name of registrant as specified in its charter) Delaware ...