Fourth quarter 2021 EPS estimates for Air Transport Services Group, Inc. lowered by Truist Securiti (NASDAQ: ATSG)
Air Transport Services Group, Inc. (NASDAQ: ATSG) – Analysts at Truist Securiti lowered their fourth quarter 2021 EPS estimates for Air Transport Services Group in a research report released on Monday, November 8. Truist Securiti analyst S. Benjamin now expects the transportation company to post earnings of $ 0.55 per share for the quarter, down from its previous estimate of $ 0.57. Truist Securiti also released estimates for Air Transport Services Group first quarter 2022 earnings at $ 0.35 per share, fourth quarter 2022 earnings at $ 0.58 per share, and fiscal 2022 earnings at 1 , $ 81 per share. Air Transport Services Group (NASDAQ: ATSG) last released its quarterly earnings data on Thursday, November 4. The transportation company reported earnings per share (EPS) of $ 0.60 for the quarter, beating the consensus estimate of $ 0.46 by $ 0.14. The company posted revenue of $ 465.96 million for the quarter, compared to analysts’ estimates of $ 437.37 million. Air Transport Services Group achieved a return on equity of 12.44% and a net margin of 11.63%. The company’s quarterly revenue is up 15.3% from the same quarter last year. In the same quarter of last year, the company posted earnings per share of $ 0.44.
In addition, TheStreet raised Air Transport Services Group shares from a “c” rating to a “b-” rating in a Friday August 6 research note.
ATSG shares opened at $ 26.96 on Tuesday. Air Transport Services Group has a minimum of $ 21.42 over 52 weeks and a maximum of $ 32.43 over 52 weeks. The company has a market cap of $ 2.00 billion, a price-to-earnings ratio of 12.60 and a beta of 0.55. The company has a 50-day simple moving average of $ 25.80 and a 200-day simple moving average of $ 25.18. The company has a leverage ratio of 1.25, a quick ratio of 0.86, and a current ratio of 0.99.
Several institutional investors and hedge funds have recently changed their positions in ATSG. RE Advisers Corp increased its stake in Air Transport Services Group shares by 149.5% during the third quarter. RE Advisers Corp now owns 1,038 shares of the transportation company valued at $ 27,000 after purchasing an additional 622 shares during the period. Dark Forest Capital Management LP acquired a new equity interest in Air Transport Services Group during the second quarter valued at approximately $ 39,000. Fifth Third Bancorp increased its position in Air Transport Services Group by 125.0% in the second quarter. Fifth Third Bancorp now owns 1,800 shares of the transportation company valued at $ 42,000 after purchasing an additional 1,000 shares during the period. Public Employees Retirement System of Ohio increased its position in Air Transport Services Group by 16.5% in the second quarter. The Ohio Public Employee Retirement System now owns 2,962 shares of the transportation company valued at $ 69,000 after purchasing an additional 420 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Air Transport Services Group in the second quarter for a value of approximately $ 73,000. Institutional investors and hedge funds hold 93.94% of the company’s shares.
About the Air Transport Services Group
Air Transport Services Group, Inc is engaged in the provision of flight operations, aircraft rental, aircraft maintenance and other support services primarily to the freight transportation and package delivery industries. It operates through the CAM and ACMI Services segments. The CAM segment includes the aircraft leasing business of the company.
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