Equities analysts predict that Air Transport Services Group, Inc. (NASDAQ:ATSG – Get Rating) will report sales of $455.05 million for the current quarter, according to Zacks. Two analysts have provided estimates for Air Transport Services Group’s earnings. The highest sales estimate is $458.70 million and the lowest is $451.40 million. Air Transport Services Group reported sales of $376.09 million during the same quarter last year, which would suggest a positive year over year growth rate of 21%. The firm is scheduled to issue its next earnings results after the market closes on Monday, January 1st.
According to Zacks, analysts expect that Air Transport Services Group will report full year sales of $1.90 billion for the current year, with estimates ranging from $1.89 billion to $1.91 billion. For the next financial year, analysts expect that the business will report sales of $2.00 billion, with estimates ranging from $1.95 billion to $2.04 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Air Transport Services Group.
Air Transport Services Group (NASDAQ:ATSG – Get Rating) last released its quarterly earnings results on Thursday, February 24th. The transportation company reported $0.52 earnings per share for the quarter. Air Transport Services Group had a return on equity of 11.57% and a net margin of 13.34%. The business had revenue of $482.37 million during the quarter.
Shares of ATSG opened at $31.66 on Tuesday. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 11.99 and a beta of 0.52. Air Transport Services Group has a 52-week low of $21.42 and a 52-week high of $34.54. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.97 and a current ratio of 1.13. The business’s fifty day moving average is $31.41 and its 200-day moving average is $28.62.
In related news, insider Michael L. Berger sold 7,240 shares of the firm’s stock in a transaction that occurred on Wednesday, March 16th. The shares were sold at an average price of $31.80, for a total transaction of $230,232.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey J. Vorholt bought 2,000 shares of the business’s stock in a transaction on Friday, March 25th. The stock was bought at an average cost of $32.94 per share, with a total value of $65,880.00. The disclosure for this purchase can be found here. In the last three months, insiders sold 10,924 shares of company stock worth $346,388. 1.70% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in ATSG. EFG Asset Management North America Corp. bought a new position in Air Transport Services Group during the 1st quarter valued at about $796,000. Truist Financial Corp lifted its position in shares of Air Transport Services Group by 187.3% in the 1st quarter. Truist Financial Corp now owns 20,620 shares of the transportation company’s stock worth $689,000 after purchasing an additional 13,443 shares during the period. Virginia Retirement Systems ET AL lifted its position in Air Transport Services Group by 25.3% during the first quarter. Virginia Retirement Systems ET AL now owns 10,400 shares of the transportation company’s stock valued at $348,000 after acquiring an additional 2,100 shares during the last quarter. Bernzott Capital Advisors lifted its position in Air Transport Services Group by 0.4% during the first quarter. Bernzott Capital Advisors now owns 1,264,067 shares of the transportation company’s stock valued at $42,283,000 after acquiring an additional 5,406 shares during the last quarter. Finally, Private Capital Management LLC lifted its position in Air Transport Services Group by 5.3% during the fourth quarter. Private Capital Management LLC now owns 803,160 shares of the transportation company’s stock valued at $23,597,000 after acquiring an additional 40,253 shares during the last quarter. Institutional investors and hedge funds own 93.34% of the company’s stock.
About Air Transport Services Group (Get 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 internationally. The company offers aircraft, flight crews, aircraft maintenance, aircraft hull and liability insurance, and aviation fuel services; and aircraft maintenance and modification services, including airframe modification and heavy maintenance, component repairs, engineering services, and aircraft line maintenance.
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