Air Transport Services Group, Inc. (NASDAQ:ATSG) to Post First Quarter 2022 Earnings of $0.39 Per Share, According to Truist Financial Forecast

Air Transport Services Group, Inc. (NASDAQ:ATSG – Get Rating) – Truist Financial research analysts raised their first-quarter 2022 EPS estimates for Air Transport Services Group shares in a report released on Monday, February 28 . Truist Financial analyst S. Benjamin now expects the transportation company to post earnings per share of $0.39 for the quarter, up from its previous estimate of $0.35. Truist Financial also released estimates for Air Transport Services Group Q2 2022 earnings at $0.46 EPS, Q3 2022 earnings at $0.57 EPS, Q4 2022 earnings at $0.57 EPS, earnings for fiscal year 2022 at $2.00 EPS and earnings for fiscal year 2023 at $2.25 EPS.

Separately, StockNews.com cut shares of Air Transport Services Group from a “buy” rating to a “hold” rating in a research note on Friday.

ATSG stock opened at $31.51 on Tuesday. Air Transport Services Group has a one-year low of $21.42 and a one-year high of $32.73. The company has a 50-day moving average price of $27.81 and a two-hundred-day moving average price of $26.95. The stock has a market capitalization of $2.34 billion, a P/E ratio of 14.72 and a beta of 0.59. The company has a debt ratio of 1.16, a quick ratio of 0.92 and a current ratio of 1.09.

Several large investors have recently bought and sold shares of ATSG. Roubaix Capital LLC acquired a new position in Air Transport Services Group in the 3rd quarter with a value of $2,807,000. Voya Investment Management LLC increased its stake in Air Transport Services Group by 10.5% in the third quarter. Voya Investment Management LLC now owns 489,861 shares of the transportation company worth $12,643,000 after buying an additional 46,576 shares last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Air Transport Services Group in Q3 worth $5,594,000. Metropolitan Life Insurance Co NY increased its holdings in Air Transport Services Group by 109,006.3% in the 2nd quarter. Metropolitan Life Insurance Co NY now owns 17,457 shares of the transportation company worth $406,000 after purchasing an additional 17,441 shares last quarter. Finally, Squarepoint Ops LLC acquired a new position in Air Transport Services Group in Q2 worth $864,000. Institutional investors and hedge funds hold 93.67% of the company’s shares.

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In a similar vein, Vice President Deborah A. Loveless sold 3,453 shares of Air Transport Services Group in a trade on Thursday, December 16. The shares were sold at an average price of $28.27, for a total transaction of $97,616.31. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Insiders hold 2.00% of the shares of the company.

About Airline Services Group (Get a rating)

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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