Agiliti (NYSE:AGTI) Issues FY 2022 Earnings Guidance

Agiliti (NYSE:AGTIGet Rating) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.89-$0.94 for the period, compared to the consensus estimate of $0.85. The company issued revenue guidance of $1.16 billion-$1.19 billion, compared to the consensus revenue estimate of $1.18 billion.

Shares of AGTI opened at $18.30 on Tuesday. Agiliti has a 1 year low of $16.09 and a 1 year high of $26.36. The stock has a market capitalization of $2.43 billion and a P/E ratio of 76.25. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.41 and a current ratio of 1.68. The company’s fifty day moving average is $20.13 and its two-hundred day moving average is $20.18.

Agiliti (NYSE:AGTIGet Rating) last issued its quarterly earnings results on Tuesday, May 10th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.08. Agiliti had a net margin of 3.13% and a return on equity of 13.89%. During the same quarter last year, the business earned $0.28 EPS. Sell-side analysts predict that Agiliti will post 0.83 EPS for the current year.

A number of brokerages recently weighed in on AGTI. The Goldman Sachs Group dropped their price objective on Agiliti from $32.00 to $28.00 and set a buy rating on the stock in a report on Friday, March 11th. Raymond James cut their price target on shares of Agiliti from $30.00 to $25.00 and set an outperform rating for the company in a report on Friday, March 11th. Citigroup lowered their target price on shares of Agiliti from $28.00 to $25.00 and set a buy rating on the stock in a research report on Wednesday, March 9th. Morgan Stanley lowered their target price on Agiliti from $30.00 to $24.00 and set an overweight rating on the stock in a report on Thursday, March 10th. Finally, Zacks Investment Research upgraded shares of Agiliti from a sell rating to a hold rating in a research report on Tuesday, May 10th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Agiliti currently has a consensus rating of Buy and an average price target of $25.71.

In other Agiliti news, EVP Bettyann Bird sold 15,000 shares of Agiliti stock in a transaction on Wednesday, March 2nd. The shares were sold at an average price of $18.51, for a total value of $277,650.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Thomas J. Leonard sold 30,000 shares of the company’s stock in a transaction on Thursday, March 10th. The stock was sold at an average price of $18.04, for a total value of $541,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 154,947 shares of company stock worth $2,904,758 over the last ninety days. 4.16% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AGTI. Eaton Vance Management raised its position in Agiliti by 16.9% in the first quarter. Eaton Vance Management now owns 3,466,572 shares of the company’s stock valued at $73,145,000 after purchasing an additional 500,541 shares during the period. Norges Bank acquired a new position in Agiliti during the 4th quarter worth approximately $6,647,000. BlackRock Inc. boosted its holdings in Agiliti by 6.6% in the 4th quarter. BlackRock Inc. now owns 3,195,929 shares of the company’s stock worth $74,017,000 after acquiring an additional 197,766 shares during the period. Wells Fargo & Company MN acquired a new stake in Agiliti in the second quarter valued at approximately $1,432,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Agiliti by 398.5% during the first quarter. The Manufacturers Life Insurance Company now owns 59,471 shares of the company’s stock valued at $1,252,000 after purchasing an additional 47,540 shares during the period. 99.27% of the stock is currently owned by institutional investors and hedge funds.

Agiliti Company Profile (Get Rating)

Agiliti, Inc provides healthcare technology management and service solutions to the healthcare industry in the United States. The company offers onsite managed services, including programs for the management, reprocessing, and logistics of medical equipment at individual facilities and integrated delivery networks to monitor and adjust equipment quantities and availability to address fluctuations in patient census and acuity.

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