Shares of Acadia Healthcare Co (NASDAQ:ACHC) were flat in after-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share were up 11.90% year over year to $0.47, which beat the estimate of $0.45.
Revenue of $551,199,000 decreased by 29.59% from the same period last year, which beat the estimate of $545,240,000.
Guidance
The upcoming fiscal year’s EPS expected to be between $2.30 and $2.55.
The upcoming fiscal year’s revenue expected to be between $2,240,000,000 and $2,290,000,000.
Recent Stock Performance
Company’s 52-week high was at $63.00
52-week low: $21.27
Price action over last quarter: Up 11.17%
Company Description
Acadia Healthcare Co Inc acquires and develops behavioral healthcare facilities in the United States, United Kingdom, and Puerto Rico. Acute inpatient psychiatric facilities and specialty treatment facilities contribute the vast majority of Acadia’s revenue in the United States. The U.S. facilities receive the largest proportion of payments from Medicaid, with the second- largest proportion from commercial payors. In the United Kingdom, the majority of Acadia’s revenue comes from its healthcare facilities, and virtually all of the payment received is from the National Health Service.
