Wall Street brokerages expect that ATI Physical Therapy, Inc. (NYSE:ATIP – Get Rating) will announce ($0.06) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for ATI Physical Therapy’s earnings. The lowest EPS estimate is ($0.06) and the highest is ($0.05). ATI Physical Therapy posted earnings per share of $0.05 during the same quarter last year, which would indicate a negative year over year growth rate of 220%. The company is scheduled to announce its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that ATI Physical Therapy will report full year earnings of ($0.09) per share for the current year, with EPS estimates ranging from ($0.12) to ($0.06). For the next financial year, analysts anticipate that the business will report earnings of $0.00 per share, with EPS estimates ranging from ($0.03) to $0.03. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow ATI Physical Therapy.
ATI Physical Therapy (NYSE:ATIP – Get Rating) last released its quarterly earnings data on Monday, May 9th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.07. ATI Physical Therapy had a negative return on equity of 10.38% and a negative net margin of 145.08%.
Several research firms have recently commented on ATIP. Citigroup decreased their price objective on ATI Physical Therapy from $3.50 to $2.25 in a report on Wednesday, March 2nd. Zacks Investment Research raised ATI Physical Therapy from a “hold” rating to a “buy” rating and set a $1.50 target price on the stock in a research report on Thursday, May 12th. Benchmark raised ATI Physical Therapy from a “hold” rating to a “buy” rating and set a $4.00 target price on the stock in a research report on Friday, March 4th. Finally, Deutsche Bank Aktiengesellschaft started coverage on ATI Physical Therapy in a research report on Wednesday, April 6th. They set a “hold” rating and a $2.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $4.25.
A number of hedge funds have recently bought and sold shares of the business. SFI Advisors LLC purchased a new position in ATI Physical Therapy in the first quarter worth $28,000. State Street Corp lifted its position in shares of ATI Physical Therapy by 9.7% during the 1st quarter. State Street Corp now owns 167,910 shares of the company’s stock valued at $316,000 after buying an additional 14,810 shares during the last quarter. XTX Topco Ltd lifted its position in shares of ATI Physical Therapy by 141.0% during the 1st quarter. XTX Topco Ltd now owns 42,634 shares of the company’s stock valued at $80,000 after buying an additional 24,944 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of ATI Physical Therapy by 124.5% during the 1st quarter. Vanguard Group Inc. now owns 3,703,627 shares of the company’s stock valued at $6,963,000 after buying an additional 2,053,912 shares during the last quarter. Finally, Capstone Financial Advisors Inc. purchased a new position in shares of ATI Physical Therapy during the 1st quarter valued at $28,000. 91.11% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE ATIP traded up $0.05 during midday trading on Wednesday, hitting $1.96. 1,828 shares of the stock traded hands, compared to its average volume of 688,255. The company has a market cap of $406.43 million, a PE ratio of -0.35 and a beta of 0.51. ATI Physical Therapy has a one year low of $1.25 and a one year high of $10.44. The business has a 50 day moving average price of $1.75 and a two-hundred day moving average price of $2.52. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.62 and a current ratio of 1.62.
About ATI Physical Therapy (Get Rating)
ATI Physical Therapy, Inc operates as an outpatient physical therapy provider that specializes in outpatient rehabilitation and adjacent healthcare services in the United States. It offers a range of services to its patients, including physical therapy to treat spine, shoulder, knee, and neck injuries or pain; work conditioning and work hardening; and hand therapy, aquatic therapy, functional capacity assessment, and wellness programs.
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