Equities Analysts Set Expectations for Agiliti, Inc.’s FY2023 Earnings (NYSE:AGTI)

Agiliti, Inc. (NYSE:AGTIFree Report) – Equities researchers 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 posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Agiliti had a positive return on equity of 7.28% and a negative net margin of 0.89%. The business had revenue of $291.63 million for the quarter, compared to analyst estimates of $280.47 million. During the same period last year, the firm posted $0.15 EPS. Agiliti’s quarterly revenue was up 7.5% on a year-over-year basis.

A number of other equities analysts have also recently issued reports on AGTI. Morgan Stanley lowered their target price on Agiliti from $10.00 to $8.00 and set an “underweight” rating for the company in a report on Tuesday, November 14th. UBS Group raised Agiliti from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $16.00 to $10.00 in a report on Tuesday, November 14th. Finally, Craig Hallum assumed coverage on Agiliti in a report on Thursday, January 4th. They issued a “buy” rating and a $23.00 target price for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $14.17.

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Agiliti Price Performance

Agiliti stock opened at $6.85 on Thursday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.63. Agiliti has a 52 week low of $5.07 and a 52 week high of $19.68. The stock has a market capitalization of $923.65 million, a P/E ratio of -85.61, a price-to-earnings-growth ratio of 8.39 and a beta of 1.80. The stock has a fifty day moving average of $7.51 and a 200-day moving average of $8.33.

Insiders Place Their Bets

In other news, CEO Thomas J. Leonard sold 27,558 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $7.34, for a total value of $202,275.72. Following the completion of the sale, the chief executive officer now directly owns 1,954,258 shares of the company’s stock, valued at $14,344,253.72. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have sold 82,674 shares of company stock worth $622,811. Corporate insiders own 4.16% of the company’s stock.

Institutional Trading of Agiliti

A number of institutional investors and hedge funds have recently modified their holdings of AGTI. Wells Fargo & Company MN increased its position in shares of Agiliti by 180.8% during the fourth quarter. Wells Fargo & Company MN now owns 1,536 shares of the company’s stock valued at $25,000 after acquiring an additional 989 shares during the last quarter. Macquarie Group Ltd. bought a new position in Agiliti during the second quarter valued at $28,000. Clear Street Markets LLC bought a new position in Agiliti during the fourth quarter valued at $40,000. KBC Group NV bought a new position in Agiliti during the second quarter valued at $45,000. Finally, PNC Financial Services Group Inc. grew its holdings in Agiliti by 682.0% during the third quarter. PNC Financial Services Group Inc. now owns 7,187 shares of the company’s stock valued at $47,000 after purchasing an additional 6,268 shares during the period.

Agiliti Company Profile

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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.

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