Zacks Research Has Bullish Estimate for ATSG FY2025 Earnings

Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) - Research analysts at Zacks Research raised their FY2025 earnings per share estimates for Air Transport Services Group in a research report issued to clients and investors on Monday, March 24th. Zacks Research analyst R. Department now expects that the transportation company will earn $1.13 per share for the year, up from their prior forecast of $1.12. The consensus estimate for Air Transport Services Group's current full-year earnings is $0.83 per share.

Separately, StockNews.com began coverage on Air Transport Services Group in a research note on Saturday. They issued a "hold" rating for the company. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $20.60.

Air Transport Services Group Stock Down 0.0 %

Shares of ATSG traded down $0.01 on Wednesday, reaching $22.43. The company's stock had a trading volume of 539,286 shares, compared to its average volume of 765,051. Air Transport Services Group has a twelve month low of $11.69 and a twelve month high of $22.45. The stock has a market capitalization of $1.48 billion, a PE ratio of -560.61 and a beta of 0.79. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06. The firm has a fifty day moving average of $22.28 and a 200-day moving average of $20.47.

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Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last announced its quarterly earnings results on Monday, March 3rd. The transportation company reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.05. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $521.36 million. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%.

Institutional Investors Weigh In On Air Transport Services Group

Several institutional investors and 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 fourth quarter valued at approximately $31,377,000. FIL Ltd purchased a new position in Air Transport Services Group in the fourth quarter worth $31,146,000. TIG Advisors LLC bought a new position in Air Transport Services Group in the 4th quarter valued at $29,290,000. Nexpoint Asset Management L.P. bought a new position in Air Transport Services Group during the fourth quarter valued at about $22,907,000. Finally, Squarepoint Ops LLC bought a new stake in Air Transport Services Group in the fourth quarter worth about $17,922,000. Hedge funds and other institutional investors 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.