Brokerages predict that ATI Physical Therapy, Inc. (NYSE:ATIP – Get Rating) will report sales of $170.24 million for the current quarter, Zacks reports. Three analysts have made estimates for ATI Physical Therapy’s earnings. The highest sales estimate is $174.44 million and the lowest is $166.40 million. ATI Physical Therapy reported sales of $164.03 million during the same quarter last year, which would suggest a positive year over year growth rate of 3.8%. The company is scheduled to announce its next earnings results on Monday, January 1st.
On average, analysts expect that ATI Physical Therapy will report full-year sales of $682.79 million for the current fiscal year, with estimates ranging from $680.52 million to $684.25 million. For the next financial year, analysts forecast that the firm will report sales of $760.23 million, with estimates ranging from $753.60 million to $767.50 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover ATI Physical Therapy.
ATI Physical Therapy (NYSE:ATIP – Get Rating) last announced its quarterly earnings results on Monday, May 9th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.07.
Institutional investors and hedge funds have recently modified their holdings of the business. Allianz Asset Management GmbH purchased a new stake in ATI Physical Therapy in the third quarter worth about $2,941,000. Bleichroeder LP purchased a new stake in shares of ATI Physical Therapy during the third quarter worth about $2,866,000. Patriot Financial Group Insurance Agency LLC boosted its stake in ATI Physical Therapy by 81.0% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 18,100 shares of the company’s stock valued at $61,000 after buying an additional 8,100 shares during the last quarter. Miracle Mile Advisors LLC bought a new position in ATI Physical Therapy during the fourth quarter valued at approximately $119,000. Finally, Hudson Bay Capital Management LP boosted its stake in ATI Physical Therapy by 11.3% during the third quarter. Hudson Bay Capital Management LP now owns 237,250 shares of the company’s stock valued at $902,000 after buying an additional 24,052 shares during the last quarter. Institutional investors and hedge funds own 91.11% of the company’s stock.
Shares of ATI Physical Therapy stock opened at $1.56 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.06. The business’s 50 day simple moving average is $1.73 and its two-hundred day simple moving average is $2.66. ATI Physical Therapy has a one year low of $1.25 and a one year high of $10.44.
ATI Physical Therapy Company Profile (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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