Air Transport Services Group, Inc. (NASDAQ:ATSG – Free Report) – Analysts at Zacks Research increased their FY2025 earnings estimates for Air Transport Services Group in a report issued on Monday, March 24th. Zacks Research analyst R. Department now expects that the transportation company will post earnings of $1.13 per share for the year, up from their previous forecast of $1.12. The consensus estimate for Air Transport Services Group’s current full-year earnings is $0.83 per share.
Air Transport Services Group (NASDAQ:ATSG – Get Free Report) last posted its quarterly earnings data on Monday, March 3rd. The transportation company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.05. Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $521.36 million.
Get Our Latest Report on Air Transport Services Group
Air Transport Services Group Price Performance
Shares of ATSG opened at $22.34 on Wednesday. The firm has a market cap of $1.47 billion, a PE ratio of -558.36 and a beta of 0.79. Air Transport Services Group has a 52-week low of $11.69 and a 52-week high of $22.38. The business’s 50 day moving average price is $22.26 and its two-hundred day moving average price is $20.35. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81.
Institutional Investors Weigh In On Air Transport Services Group
A number of hedge funds have recently added to or reduced their stakes in ATSG. Alpine Associates Management Inc. bought a new position in shares of Air Transport Services Group in the 4th quarter worth $31,377,000. FIL Ltd bought a new position in shares of Air Transport Services Group in the fourth quarter valued at $31,146,000. TIG Advisors LLC acquired a new position in shares of Air Transport Services Group during the fourth quarter valued at about $29,290,000. Nexpoint Asset Management L.P. bought a new stake in shares of Air Transport Services Group during the fourth quarter worth about $22,907,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Air Transport Services Group during the fourth quarter worth about $17,922,000. Institutional investors and hedge funds own 91.81% of the company’s stock.
About Air Transport Services Group
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. It operates in two segments, Cargo Aircraft Management Inc (CAM) and ACMI Services. The company offers aircraft, flight crews, 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.
Featured Articles
- Five stocks we like better than Air Transport Services Group
- Investing in Travel Stocks Benefits
- Energy Transfer: Powering Data With Dividends and Diversification
- About the Markup Calculator
- Qualcomm Stock Is Coiling for a Breakout
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- Is Alphabet Too Cheap to Ignore After Its Recent Correction?
Receive News & Ratings for Air Transport Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Transport Services Group and related companies with MarketBeat.com's FREE daily email newsletter.