Wall Street brokers expect Air Transport Services Group, Inc. (NASDAQ: ATSG – Get a rating) to show earnings per share (EPS) of $0.42 for the current quarter, Zacks reports. Two analysts released earnings estimates for Air Transport Services Group, with estimates ranging from $0.39 to $0.45. Air Transport Services Group reported earnings per share of $0.19 in the same quarter last year, suggesting a positive year-over-year growth rate of 121.1%. The company is expected to release its next earnings report after the market closes on Monday, January 1.
According to Zacks, analysts expect Air Transport Services Group to report annual earnings of $1.98 per share for the current fiscal year, with EPS estimates ranging from $1.95 to $2.00. For next year, analysts expect the company to post earnings of $2.20 per share, with EPS estimates ranging from $2.10 to $2.30. Zacks’ earnings per share calculations are an average based on a survey of research firms that provide coverage for Air Transport Services Group.
Air Transport Services Group (NASDAQ: ATSG – Get a rating) last released its results on Thursday, February 24. The transportation company reported EPS of $0.52 for the quarter. Air Transport Services Group posted a net margin of 13.34% and a return on equity of 11.57%. The company had revenue of $482.37 million for the quarter.
Several equity research analysts have weighed in on the company recently. Stephens raised his price target on Air Transport Services Group from $34.00 to $40.00 and gave the company an “overweight” rating in a Wednesday, March 2 report. StockNews.com began covering shares of Air Transport Services Group in a research report on Thursday, March 31. They have placed a “holding” rating on the stock. Finally, Truist Financial raised its price target on shares of Air Transport Services Group from $35.00 to $40.00 in a Monday, February 28 report.
Separately, insider James T. Pradetto sold 3,242 shares of Air Transport Services Group in a trade on Friday, March 11. The stock was sold at an average price of $31.47, for a total value of $102,025.74. The sale was disclosed in a filing with the Securities & Exchange Commission, available at this link. Additionally, director Jeffrey J. Vorholt purchased 2,000 shares of the company in a transaction that took place on Friday, March 25. The shares were acquired at an average price of $32.94 per share, with a total value of $65,880.00. Disclosure of this purchase can be found here. Insiders hold 2.00% of the shares of the company.
A number of hedge funds have recently bought and sold shares of ATSG. River Road Asset Management LLC increased its stake in Air Transport Services Group by 8.6% during the third quarter. River Road Asset Management LLC now owns 9,486,061 shares of the transportation company worth $244,835,000 after purchasing an additional 750,442 shares during the period. BlackRock Inc. raised its position in Air Transport Services Group by 1.9% in the fourth quarter. BlackRock Inc. now owns 4,023,611 shares of the transportation company valued at $118,213,000 after purchasing an additional 75,298 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Air Transport Services Group by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,553,187 shares of the transportation company worth $75,010,000 after purchasing an additional 59,975 shares during the period. State Street Corp increased its equity stake in Air Transport Services Group by 12.3% during the fourth quarter. State Street Corp now owns 1,604,292 shares of the transportation company valued at $47,134,000 after purchasing an additional 175,991 shares during the period. Finally, Macquarie Group Ltd. increased its stake in Air Transport Services Group by 1.4% in the third quarter. Macquarie Group Ltd. now owns 1,406,108 shares of the transportation company worth $36,292,000 after acquiring an additional 19,161 shares during the period. 93.67% of the shares are held by hedge funds and other institutional investors.
Shares of NASDAQ ATSG traded at $0.85 during Friday trading hours, hitting $31.30. The stock had a trading volume of 379,411 shares, compared to an average volume of 436,454. The company has a market capitalization of $2.33 billion, a price-earnings ratio of 11.86 and a beta of 0. .52. Air Transport Services Group has a fifty-two week minimum of $21.42 and a fifty-two week maximum of $34.54. The company has a 50-day moving average of $31.33 and a 200-day moving average of $28.60. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt ratio of 0.98.
About Airline Services Group (Get a rating)
Air Transport Services Group, Inc, together with its subsidiaries, provides aircraft leasing and air cargo transportation and related services in the United States and abroad. The Company offers aircraft, flight crew, aircraft maintenance, aircraft hull and liability and aviation fuel insurance; and aircraft maintenance and modification services, including airframe modification and heavy maintenance, component repairs, engineering services and aircraft line maintenance.
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