Analysts expect ATI Physical Therapy, Inc. (NYSE:ATIP – Get 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.
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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