EPS of $0.42 expected for Air Transport Services Group, Inc. (NASDAQ:ATSG) this quarter
Wall Street analysts expect Air Transport Services Group, Inc. (NASDAQ:ATSG – Get Rating) to report earnings per share (EPS) of $0.42 for the current fiscal quarter, according to Zacks Investment Research. Two analysts provided earnings estimates for Air Transport Services Group, with the lowest EPS estimate of $0.39 and the highest estimate of $0.45. Air Transport Services Group reported earnings of $0.19 per share in the same quarter last year, suggesting a positive year-over-year growth rate of 121.1%. The company is due to announce its next quarterly earnings report on Monday, January 1.
On average, analysts expect Air Transport Services Group to report annual earnings of $1.98 per share for the current year, with EPS estimates ranging from $1.95 to $2.00. For the next fiscal year, analysts expect the company to post earnings of $2.20 per share, with EPS estimates ranging from $2.10 to $2.30. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts who cover the airline services group.
Air Transport Services Group (NASDAQ:ATSG – Get Rating) last announced its results on Thursday, February 24. The transportation company reported EPS of $0.52 for the quarter. The company had revenue of $482.37 million for the quarter. Air Transport Services Group achieved a return on equity of 11.57% and a net margin of 13.34%.
A number of research analysts have weighed in on ATSG shares. StockNews.com began covering Air Transport Services Group in a research note on Thursday, March 31. They have placed a “holding” rating on the stock. Stephens raised his price target on Air Transport Services Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a Wednesday, March 2 research note. Finally, Truist Financial raised its price target on Air Transport Services Group from $35.00 to $40.00 in a Monday, February 28 research note. One research analyst rated the stock with a sell rating, another assigned a hold rating and two assigned the stock a buy rating. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $33.86.
Shares of Air Transport Services Group were up $0.64 during Friday trading hours, hitting $31.40. 370,634 shares of the company were traded, against an average volume of 608,007. Air Transport Services Group has a 52-week low of $21.42 and a 52-week high of $34.54. The company has a market capitalization of $2.33 billion, a price-earnings ratio of 11.89 and a beta of 0.52. The company has a fifty-day moving average of $30.52 and a 200-day moving average of $28.17. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt ratio of 0.98.
In other Air Transport Services Group news, insider James T. Pradetto sold 3,242 shares of the company in a trade dated Friday, March 11. The stock was sold at an average price of $31.47, for a total value of $102,025.74. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, director Jeffrey J. Vorholt acquired 2,000 shares of the company in a transaction on Friday, March 25. The stock was purchased at an average price of $32.94 per share, for a total transaction of $65,880.00. Disclosure of this purchase can be found here. Insiders of the company own 2.00% of the shares of the company.
A number of large investors have recently increased or reduced their stakes in ATSG. River Road Asset Management LLC increased its position in Air Transport Services Group by 8.6% in 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 during the period. Hillcrest Asset Management LLC acquired a new equity stake in Air Transport Services Group during the fourth quarter valued at approximately $12,678,000. Arrowstreet Capital Limited Partnership acquired a new equity stake in Air Transport Services Group during the third quarter valued at approximately $5,594,000. State Street Corp increased its stake in shares of 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 acquiring an additional 175,991 shares last quarter. Finally, Comerica Bank acquired a new stake in shares of Air Transport Services Group during the third quarter valued at approximately $3,820,000. 93.67% of the shares are currently held by institutional investors.
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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