Agiliti (NYSE:AGTI) Issues FY 2023 Earnings Guidance

Posted by on Aug 9th, 2023

Agiliti (NYSE:AGTI – Get Free Report) issued an update on its FY 2023 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.54-$0.59 for the period, compared to the consensus earnings per share estimate of $0.65. The company issued revenue guidance of $1.16 billion-$1.19 billion, compared to the consensus revenue estimate of $1.18 billion. Agiliti also updated its FY23 guidance to $0.54-0.59 EPS.

Agiliti Trading Up 0.4 %

NYSE:AGTI opened at $17.03 on Wednesday. Agiliti has a 1 year low of $14.15 and a 1 year high of $20.17. The stock has a market cap of $2.29 billion, a P/E ratio of 189.24, a P/E/G ratio of 19.42 and a beta of 1.21. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.32 and a current ratio of 1.69. The stock has a 50-day simple moving average of $16.78 and a 200-day simple moving average of $16.07.

Agiliti (NYSE:AGTI – Get Free Report) last issued its quarterly earnings data on Tuesday, May 9th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $299.90 million for the quarter, compared to analyst estimates of $288.44 million. Agiliti had a return on equity of 9.21% and a net margin of 1.18%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 earnings per share. As a group, analysts anticipate that Agiliti will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Agiliti

In other Agiliti news, CFO James B. Pekarek sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $16.43, for a total value of $164,300.00. Following the completion of the sale, the chief financial officer now owns 194,071 shares of the company’s stock, valued at $3,188,586.53. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Agiliti news, CFO James B. Pekarek sold 10,000 shares of the business’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $16.43, for a total transaction of $164,300.00. Following the sale, the chief financial officer now directly owns 194,071 shares in the company, valued at $3,188,586.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Matthew E. Mccabe sold 35,000 shares of Agiliti stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $18.51, for a total value of $647,850.00. Following the transaction, the senior vice president now directly owns 26,091 shares of the company’s stock, valued at approximately $482,944.41. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 261,859 shares of company stock valued at $4,459,541. 4.16% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Agiliti

Institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN raised its holdings in Agiliti by 180.8% in the fourth quarter. Wells Fargo & Company MN now owns 1,536 shares of the company’s stock valued at $25,000 after buying an additional 989 shares during the period. Goldman Sachs Group Inc. raised its position in Agiliti by 2.4% in the first quarter. Goldman Sachs Group Inc. now owns 49,865 shares of the company’s stock valued at $1,052,000 after purchasing an additional 1,150 shares during the period. American International Group Inc. lifted its stake in shares of Agiliti by 10.1% during the second quarter. American International Group Inc. now owns 12,845 shares of the company’s stock worth $263,000 after purchasing an additional 1,177 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Agiliti in the second quarter worth about $28,000. Finally, State Street Corp grew its stake in shares of Agiliti by 0.4% in the first quarter. State Street Corp now owns 500,176 shares of the company’s stock valued at $10,554,000 after buying an additional 1,837 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.

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