$157.51 Million in Sales Expected for ATI Physical Therapy, Inc. (NYSE:ATIP) This Quarter

Analysts expect ATI Physical Therapy, Inc. (NYSE:ATIPGet Rating) to announce $157.51 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for ATI Physical Therapy’s earnings, with estimates ranging from $157.00 million to $158.02 million. The firm is scheduled to issue its next quarterly earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that ATI Physical Therapy will report full-year sales of $687.42 million for the current financial year, with estimates ranging from $684.70 million to $690.13 million. For the next fiscal year, analysts forecast that the business will report sales of $765.70 million, with estimates ranging from $762.60 million to $768.80 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow ATI Physical Therapy.

ATIP has been the subject of several research reports. Jefferies Financial Group raised ATI Physical Therapy from a “hold” rating to a “buy” rating and raised their price target for the company from $3.50 to $5.00 in a report on Friday, January 14th. Citigroup cut their price target on shares of ATI Physical Therapy from $3.50 to $2.25 in a report on Wednesday, March 2nd. Benchmark raised shares of ATI Physical Therapy from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a report on Friday, March 4th. Zacks Investment Research downgraded shares of ATI Physical Therapy from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of ATI Physical Therapy in a research report on Wednesday, April 6th. They set a “hold” rating and a $2.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $4.53.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Coastal Investment Advisors Inc. bought a new stake in ATI Physical Therapy during the 4th quarter valued at $35,000. Capstone Financial Advisors Inc. bought a new stake in ATI Physical Therapy during the 3rd quarter valued at $38,000. Patriot Financial Group Insurance Agency LLC raised its holdings in ATI Physical Therapy by 42.9% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 10,000 shares of the company’s stock valued at $38,000 after buying an additional 3,000 shares during the last quarter. Penserra Capital Management LLC raised its holdings in ATI Physical Therapy by 51.7% in the 3rd quarter. Penserra Capital Management LLC now owns 10,524 shares of the company’s stock worth $39,000 after purchasing an additional 3,586 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in ATI Physical Therapy in the 4th quarter worth $44,000. Hedge funds and other institutional investors own 90.37% of the company’s stock.

Shares of ATIP opened at $1.64 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. ATI Physical Therapy has a twelve month low of $1.58 and a twelve month high of $10.44. The company has a 50 day moving average of $1.95 and a 200-day moving average of $2.87.

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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