Agiliti, Inc. Forecasted to Post FY2023 Earnings of $0.44 Per Share (NYSE:AGTI)

Agiliti, Inc. (NYSE:AGTIFree Report) – Stock analysts at KeyCorp issued their FY2023 earnings per share (EPS) estimates for shares of Agiliti in a research report issued to clients and investors on Monday, February 5th. KeyCorp analyst B. Fishbin forecasts that the company will post earnings of $0.44 per share for the year. KeyCorp has a “Sector Weight” rating on the stock. The consensus estimate for Agiliti’s current full-year earnings is $0.44 per share. KeyCorp also issued estimates for Agiliti’s Q4 2023 earnings at $0.09 EPS and FY2024 earnings at $0.48 EPS.

Agiliti (NYSE:AGTIGet Free Report) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). The firm had revenue of $291.63 million during the quarter, compared to the consensus estimate of $280.47 million. Agiliti had a negative net margin of 0.89% and a positive return on equity of 7.28%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 earnings per share.

Other analysts also recently issued reports about the company. Morgan Stanley reduced their price target on Agiliti from $10.00 to $8.00 and set an “underweight” rating for the company in a research note on Tuesday, November 14th. Craig Hallum initiated coverage on Agiliti in a research report on Thursday, January 4th. They set a “buy” rating and a $23.00 target price for the company. Finally, UBS Group upgraded Agiliti from a “neutral” rating to a “buy” rating and cut their target price for the company from $16.00 to $10.00 in a research report on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $14.17.

Read Our Latest Stock Report on AGTI

Agiliti Stock Performance

AGTI opened at $7.21 on Thursday. The business has a fifty day simple moving average of $7.47 and a 200 day simple moving average of $8.26. The company has a market capitalization of $972.20 million, a PE ratio of -90.11, a price-to-earnings-growth ratio of 8.65 and a beta of 1.80. Agiliti has a 1 year low of $5.07 and a 1 year high of $19.68. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.63 and a quick ratio of 1.25.

Insider Activity

In related news, CEO Thomas J. Leonard sold 27,558 shares of the company’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $7.31, for a total transaction of $201,448.98. Following the completion of the sale, the chief executive officer now directly owns 1,938,816 shares in the company, valued at approximately $14,172,744.96. The sale was disclosed in a filing with the SEC, which is available through this link. In the last three months, insiders sold 82,674 shares of company stock worth $622,811. 4.49% of the stock is currently owned by company insiders.

Institutional Trading of Agiliti

Several institutional investors and hedge funds have recently modified their holdings of the business. Quest Partners LLC acquired a new position in Agiliti in the 4th quarter worth about $44,000. Trexquant Investment LP increased its holdings in Agiliti by 265.1% in the 4th quarter. Trexquant Investment LP now owns 78,385 shares of the company’s stock worth $621,000 after purchasing an additional 56,913 shares in the last quarter. UBS Group AG increased its holdings in Agiliti by 270.8% in the 4th quarter. UBS Group AG now owns 46,295 shares of the company’s stock worth $367,000 after purchasing an additional 33,810 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Agiliti by 0.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,316,723 shares of the company’s stock worth $10,428,000 after purchasing an additional 5,574 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Agiliti by 9.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 290,718 shares of the company’s stock worth $2,302,000 after purchasing an additional 24,822 shares in the last quarter.

About Agiliti

(Get Free Report)

Agiliti, Inc, together with its subsidiaries, provides healthcare technology management and service solutions to the healthcare industry in the United States. The company offers onsite managed services that are comprehensive 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.

See Also

Receive News & Ratings for Agiliti Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agiliti and related companies with MarketBeat.com's FREE daily email newsletter.