FY2024 EPS Estimates for ATI Physical Therapy, Inc. (NYSE:ATIP) Boosted by Analyst

ATI Physical Therapy, Inc. (NYSE:ATIP) – Research analysts at Jefferies Financial Group raised their FY2024 earnings per share (EPS) estimates for shares of ATI Physical Therapy in a note issued to investors on Tuesday, October 19th. Jefferies Financial Group analyst S. Wissink now anticipates that the company will earn $0.00 per share for the year, up from their previous forecast of ($0.05). Jefferies Financial Group has a “Hold” rating and a $5.00 price objective on the stock. Jefferies Financial Group also issued estimates for ATI Physical Therapy’s FY2025 earnings at $0.07 EPS.

ATIP has been the subject of a number of other reports. Zacks Investment Research upgraded shares of ATI Physical Therapy from a “sell” rating to a “hold” rating in a report on Tuesday, September 14th. CJS Securities lowered shares of ATI Physical Therapy to a “market perform” rating in a report on Wednesday. Benchmark lowered shares of ATI Physical Therapy from a “buy” rating to a “hold” rating and set a $4.72 price target for the company. in a report on Tuesday, July 27th. Barrington Research downgraded shares of ATI Physical Therapy from an “outperform” rating to a “market perform” rating and set a $3.98 price objective on the stock. in a research report on Tuesday, July 27th. Finally, Citigroup downgraded shares of ATI Physical Therapy from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $11.00 to $5.00 in a research report on Tuesday, July 27th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $5.94.

NYSE:ATIP opened at $2.86 on Friday. The firm’s fifty day moving average price is $3.88. ATI Physical Therapy has a 52 week low of $2.69 and a 52 week high of $13.05. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.44 and a quick ratio of 1.44.

ATI Physical Therapy (NYSE:ATIP) last posted its quarterly earnings results on Monday, August 16th. The company reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.03. The firm had revenue of $164.03 million for the quarter, compared to the consensus estimate of $169.62 million.

A number of institutional investors have recently modified their holdings of ATIP. Penserra Capital Management LLC purchased a new stake in shares of ATI Physical Therapy in the 2nd quarter worth about $66,000. Selway Asset Management purchased a new stake in shares of ATI Physical Therapy in the 2nd quarter worth about $95,000. Walleye Trading LLC purchased a new stake in shares of ATI Physical Therapy in the 2nd quarter worth about $103,000. Equitable Holdings Inc. purchased a new stake in shares of ATI Physical Therapy in the 2nd quarter worth about $119,000. Finally, New York Life Investments Alternatives purchased a new stake in shares of ATI Physical Therapy in the 2nd quarter worth about $126,000. 82.16% of the stock is currently owned by institutional investors and hedge funds.

ATI Physical Therapy Company Profile

ATI Physical Therapy, Inc provides outpatient physical therapy services in the United States. It offers physical therapy, workers' comp rehab, sports medicine, hand therapy, women's health, specialty therapies, home health, complimentary injury screenings, and fitness centers through its 900 locations.

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

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