Air Transport Services Group (ATSG) is set to announce its quarterly results on Thursday
Air Transport Services Group (NASDAQ:ATSG – Get Rating) is expected to report quarterly results after market close on Thursday, May 5. Analysts expect Air Transport Services Group to post earnings of $0.42 per share for the quarter. Air Transport Services Group set its guidance for FY22 at $2.00 EPS.
Air Transport Services Group (NASDAQ:ATSG – Get Rating) last released its quarterly results on Thursday, February 24. The transportation company reported EPS of $0.52 for the quarter. Air Transport Services Group achieved a return on equity of 11.57% and a net margin of 13.34%. The company had revenue of $482.37 million for the quarter. On average, analysts expect Air Transport Services Group to post EPS of $2 for the current fiscal year and EPS of $2 for the next fiscal year.
Shares of the NASDAQ ATSG rose $0.08 during Thursday’s trading, hitting $31.15. 730 shares of the company were traded, against an average volume of 451,333. Air Transport Services Group has a 12-month low of $21.42 and a 12-month high of $34.54. The company has a debt ratio of 0.98, a quick ratio of 0.97 and a current ratio of 1.13. The company has a fifty-day moving average price of $31.17 and a 200-day moving average price of $28.48. The company has a market capitalization of $2.32 billion, a PE ratio of 11.80 and a beta of 0.52.
Separately, director Jeffrey J. Vorholt bought 2,000 shares of the company in a trade on Friday, March 25. The stock was purchased at an average cost of $32.94 per share, with a total value of $65,880.00. The acquisition was disclosed in a legal filing with the SEC, which is available via this link. Additionally, insider James T. Pradetto sold 3,242 shares of Air Transport Services Group in a trade dated Friday, March 11. The shares were sold at an average price of $31.47, for a total value of $102,025.74. The disclosure of this sale can be found here. 2.00% of the shares are currently held by insiders.
A number of hedge funds and other institutional investors have recently increased or reduced their stakes in ATSG. Royal Bank of Canada increased its position in the Airline Services group by 39.4% in the third quarter. Royal Bank of Canada now owns 10,007 shares of the shipping company valued at $258,000 after acquiring 2,829 more shares last quarter. Bank of New York Mellon Corp increased its position in shares of Air Transport Services Group by 3.6% during the third quarter. Bank of New York Mellon Corp now owns 349,539 shares of the transportation company worth $9,022,000 after buying an additional 11,992 shares last quarter. Citigroup Inc. increased its position in shares of Air Transport Services Group by 120.5% during the fourth quarter. Citigroup Inc. now owns 16,894 shares of the transportation company worth $496,000 after buying 9,231 additional shares last quarter. Goldman Sachs Group Inc. increased its position in shares of Air Transport Services Group by 14.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 440,019 shares of the transportation company worth $12,928,000 after buying an additional 56,600 shares last quarter. Finally, LPL Financial LLC acquired a new position in shares of Air Transport Services Group during the fourth quarter worth approximately $268,000. 93.67% of the shares are held by institutional investors.
Several analysts have recently released reports on the stock. Stephens raised his price target on shares of 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 took over coverage of Air Transport Services Group shares in a Thursday, March 31 report. They issued 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. One financial analyst has assigned the stock a sell rating, one has assigned a hold rating and two have assigned the company’s stock a buy rating. According to MarketBeat, Air Transport Services Group has a consensus rating of “Hold” and a consensus target price of $33.86.
Airline Services Group Company Profile (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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