-$0.06 EPS Expected for ATI Physical Therapy, Inc. (NYSE:ATIP) This Quarter

Posted by on Jun 1st, 2022

Equities research analysts expect that ATI Physical Therapy, Inc. (NYSE:ATIP – Get Rating) will announce earnings per share (EPS) of ($0.06) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for ATI Physical Therapy’s earnings, with estimates ranging from ($0.06) to ($0.05). ATI Physical Therapy posted earnings of $0.05 per share during the same quarter last year, which suggests a negative year over year growth rate of 220%. The firm is expected to announce its next earnings results 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 financial year, with EPS estimates ranging from ($0.12) to ($0.06). For the next financial year, analysts expect that the business will report earnings of $0.00 per share, with EPS estimates ranging from ($0.03) to $0.03. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for 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) earnings per share for the quarter, topping analysts’ consensus estimates 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%.

ATIP has been the subject of several recent research reports. Zacks Investment Research upgraded ATI Physical Therapy from a “hold” rating to a “buy” rating and set a $1.50 price target for the company in a research note on Thursday, May 12th. Citigroup cut their price target on ATI Physical Therapy from $3.50 to $2.25 in a research note on Wednesday, March 2nd. Benchmark upgraded ATI Physical Therapy from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a research note on Friday, March 4th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on ATI Physical Therapy in a research note on Wednesday, April 6th. They issued a “hold” rating and a $2.00 price target for the company. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $4.25.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bleichroeder LP acquired a new stake in ATI Physical Therapy in the third quarter valued at $2,866,000. Patriot Financial Group Insurance Agency LLC grew its holdings in ATI Physical Therapy by 81.0% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 18,100 shares of the company’s stock worth $61,000 after acquiring an additional 8,100 shares during the period. Miracle Mile Advisors LLC acquired a new stake in ATI Physical Therapy during the 4th quarter worth about $119,000. Hudson Bay Capital Management LP grew its holdings in ATI Physical Therapy by 11.3% during the 3rd quarter. Hudson Bay Capital Management LP now owns 237,250 shares of the company’s stock worth $902,000 after acquiring an additional 24,052 shares during the period. Finally, Emerald Advisers LLC acquired a new stake in ATI Physical Therapy during the 4th quarter worth about $59,000. Institutional investors and hedge funds own 91.11% of the company’s stock.

Shares of ATI Physical Therapy stock traded up $0.05 on Wednesday, hitting $1.96. The stock had a trading volume of 1,828 shares, compared to its average volume of 688,255. ATI Physical Therapy has a twelve month low of $1.25 and a twelve month high of $10.44. The business’s 50 day moving average is $1.75 and its two-hundred day moving average is $2.52. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.20. The stock has a market cap of $406.43 million, a price-to-earnings ratio of -0.35 and a beta of 0.51.

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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Earnings History and Estimates for ATI Physical Therapy (NYSE:ATIP)

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