Air Transport Services Group (NASDAQ:ATSG) Releases Fiscal 2022 Earnings Guidance
Air Transport Services Group (NASDAQ:ATSG – Get Rating) updated its earnings guidance for fiscal 2022 on Friday. The company provided EPS guidance of $2,000 to $2,000 for the period, compared to Thomson Reuters consensus EPS estimate of $1,880. The company released a revenue forecast of -.
Several research companies have recently published reports on ATSG. Truist Financial raised its price target on Air Transport Services Group from $35.00 to $40.00 in a Monday, February 28 report. Stephens raised its 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. Finally, StockNews.com upgraded Air Transport Services Group from a buy rating to a hold rating in a Friday, February 25 report. One research analyst rated the stock with a sell rating, one issued a hold rating and two issued a buy rating for the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $33.86.
Shares of the NASDAQ ATSG opened at $31.71 on Friday. Air Transport Services Group has a 1-year low of $21.42 and a 1-year high of $32.73. The company has a market capitalization of $2.35 billion, a price-earnings ratio of 12.01 and a beta of 0.52. The company has a debt ratio of 0.98, a quick ratio of 0.97 and a current ratio of 1.13. The stock’s 50-day simple moving average is $28.15 and its 200-day simple moving average is $27.19.
In other Air Transport Services Group news, Vice President Deborah A. Loveless sold 3,453 shares in a trade that took place on Thursday, December 16. The stock was sold at an average price of $28.27, for a total transaction of $97,616.31. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.00% of the shares are currently held by insiders.
A number of hedge funds have recently bought and sold shares of ATSG. The Ohio Public Employees Retirement System increased its stake in shares of Air Transport Services Group by 12.9% during the fourth quarter. The Ohio Public Employees Retirement System now owns 3,813 shares of the transportation company valued at $112,000 after buying 435 additional shares last quarter. California State Teachers Retirement System increased its stake in shares of Air Transport Services Group by 1.6% during the fourth quarter. California State Teachers Retirement System now owns 47,789 shares of the transportation company valued at $1,404,000 after buying 742 additional shares last quarter. Royal Bank of Canada increased its stake in shares of Air Transport Services Group by 39.4% during the third quarter. Royal Bank of Canada now owns 10,007 shares of the shipping company valued at $258,000 after buying 2,829 more shares last quarter. Zullo Investment Group Inc. purchased a new stake in shares of Air Transport Services Group during the fourth quarter, valued at approximately $88,000. Finally, Credit Suisse AG increased its stake in shares of Air Transport Services Group by 21.4% during the fourth quarter. Credit Suisse AG now owns 20,040 shares of the transportation company valued at $589,000 after buying 3,535 additional shares last quarter. Institutional investors hold 93.67% of the company’s shares.
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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