$446.15 million in sales expected for Air Transport Services Group, Inc. (NASDAQ:ATSG) this quarter
Equity research analysts expect Air Transport Services Group, Inc. (NASDAQ:ATSG) to report sales of $446.15 million for the current quarter, reports Zacks Investment Research. Two analysts released earnings estimates for Air Transport Services Group, with the highest sales estimate of $446.50 million and the lowest estimate of $445.80 million. The airline services group recorded sales of $399.36 million in the same quarter last year, indicating a positive growth rate of 11.7% year-on-year. The company is due to announce its next results on Thursday, February 24.
According to Zacks, analysts expect Air Transport Services Group to post annual revenue of $1.70 billion in the current fiscal year. For the next fiscal year, analysts expect the company to post sales of $1.86 billion. Zacks sales calculations are an average based on a survey of research analysts who provide coverage for Air Transport Services Group.
ATSG stock opened Wednesday at $27.65. The company has a market capitalization of $2.05 billion, a P/E ratio of 12.92 and a beta of 0.59. Air Transport Services Group has a 12-month low of $21.42 and a 12-month high of $31.48. The company has a quick ratio of 0.92, a current ratio of 1.09 and a debt ratio of 1.16. The company has a fifty-day moving average of $27.55 and a 200-day moving average of $26.48.
In other Air Transport Services Group news, insider David R. Soaper purchased 40,000 shares of the company in a trade on Tuesday, November 30. The shares were purchased at an average cost of $24.96 per share, with a total value of $998,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, Vice President Deborah A. Loveless sold 3,453 shares of the company in a trade dated Thursday, Dec. 16. The shares were sold at an average price of $28.27, for a total value of $97,616.31. The disclosure of this sale can be found here. Company insiders hold 2.00% of the company’s shares.
Several hedge funds have recently bought and sold shares of ATSG. Macquarie Group Ltd. increased its position in Air Transport Services Group by 135,080.0% during the second quarter. Macquarie Group Ltd. now owns 1,386,947 shares of the transportation company valued at $32,219,000 after purchasing an additional 1,385,921 shares in the last quarter. River Road Asset Management LLC increased its position 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 valued at $244,835,000 after purchasing an additional 750,442 shares in the last quarter. Bernzott Capital Advisors increased its stake in Air Transport Services Group by 24.1% in the third quarter. Bernzott Capital Advisors now owns 1,183,045 shares of the transportation company valued at $30,534,000 after purchasing an additional 229,785 shares during the period. Marshall Wace LLP acquired a new stake in Air Transport Services Group in the second quarter worth approximately $5,059,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Air Transport Services Group in the third quarter worth approximately $5,594,000. 93.84% of the shares are held by institutional investors.
Airline Services Group Company Profile
Air Transport Services Group, Inc engages in the provision of flight operations, aircraft rentals, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. It operates through CAM and ACMI Services segments. The CAM segment includes the company’s aircraft leasing business.
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