Research analysts provide guidance for fourth quarter 2021 earnings for Air Transport Services Group, Inc. (NASDAQ: ATSG)

Air Transport Services Group, Inc. (NASDAQ: ATSG) – Stock analysts at Truist Securiti lowered their earnings per share (EPS) estimates for the fourth quarter of 2021 for Air Transport Services Group in a research note released on Monday, November 8 . Truist Securiti analyst S. Benjamin now expects the transport company to earn $ 0.55 per share for the quarter, down from its previous forecast of $ 0.57. Truist Securiti has 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.

Separately, TheStreet downgraded the Airline Services group from a “c” rating to a “b-” rating in a Friday August 6 research note.

NASDAQ ATSG shares opened at $ 26.90 on Tuesday. The company has a fifty-day simple moving average of $ 25.81 and a 200-day simple moving average of $ 25.18. The company has a current ratio of 0.99, a quick ratio of 0.86 and a debt ratio of 1.25. The company has a market cap of $ 2.00 billion, a price-to-earnings ratio of 12.57 and a beta of 0.55. Air Transport Services Group has a one-year minimum of $ 21.42 and a one-year maximum of $ 32.43. Air Transport Services Group (NASDAQ: ATSG) last released its quarterly results on Thursday, November 4. The transportation company reported $ 0.60 of EPS for the quarter, beating analyst consensus estimates of $ 0.46 by $ 0.14. The company posted revenue of $ 465.96 million in the quarter, compared to analysts’ estimate 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 increased 15.3% compared to the same quarter last year. During the same period of the previous year, the company achieved earnings per share of $ 0.44.

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Several hedge funds and other institutional investors have recently changed their holdings of equities. Amazon com Inc increased its position in Air Transport Services Group by 1,567.0% in the second quarter. Amazon com Inc now owns 14,428,445 shares of the shipping company valued at $ 335,173,000 after acquiring 13,562,897 additional shares during the period. River Road Asset Management LLC increased its position in Air Transport Services Group by 8.6% in the second quarter. River Road Asset Management LLC now owns 8,735,619 shares of the transportation company valued at $ 202,928,000 after acquiring an additional 689,623 shares during the period. Vanguard Group Inc. increased its position in Air Transport Services Group by 1.9% in the second quarter. Vanguard Group Inc. now owns 5,367,356 shares of the transportation company valued at $ 124,684,000 after acquiring an additional 97,794 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in Air Transport Services Group by 62.9% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,959,585 shares of the shipping company valued at $ 68,751,000 after acquiring an additional 1,142,297 shares during the period. Finally, State Street Corp strengthened its position in Air Transport Services Group by 4.9% in the second quarter. State Street Corp now owns 1,619,824 shares of the transportation company valued at $ 37,629,000 after acquiring an additional 75,355 shares during the period. 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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