Air Transport Services Group Inc (NASDAQ: ATSG) closed the day trading at $12.19 down -4.91% from the previous closing price of $12.82. In other words, the price has decreased by -$0.63 from its previous closing price. On the day, 2171274 shares were traded.
Ratios:
For a better understanding of ATSG, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.74 and its Current Ratio is at 0.86. In the meantime, Its Debt-to-Equity ratio is 1.33 whereas as Long-Term Debt/Eq ratio is at 1.27.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Susquehanna on November 08, 2023, Downgraded its rating to Neutral and sets its target price to $15 from $26 previously.
On September 20, 2023, Oppenheimer started tracking the stock assigning a Outperform rating and target price of $27.
On October 21, 2022, Truist started tracking the stock assigning a Hold rating and target price of $26.Truist initiated its Hold rating on October 21, 2022, with a $26 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 10 when Koharik Edward Joseph III bought 816 shares for $14.64 per share. The transaction valued at 11,946 led to the insider holds 57,729 shares of the business.
Berger Michael L bought 2,385 shares of ATSG for $34,845 on Nov 09. The President now owns 52,354 shares after completing the transaction at $14.61 per share. On Nov 09, another insider, Johns Raymond E Jr, who serves as the Director of the company, bought 1,705 shares for $14.47 each. As a result, the insider paid 24,678 and bolstered with 25,048 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ATSG now has a Market Capitalization of 795.29M and an Enterprise Value of 2.56B. As of this moment, Air’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.26, and their Forward P/E ratio for the next fiscal year is 11.78. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 32.52. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.38 while its Price-to-Book (P/B) ratio in mrq is 0.58. Its current Enterprise Value per Revenue stands at 1.24 whereas that against EBITDA is 16.31.
Stock Price History:
Over the past 52 weeks, ATSG has reached a high of $24.96, while it has fallen to a 52-week low of $12.49. The 50-Day Moving Average of the stock is 15.75, while the 200-Day Moving Average is calculated to be 18.29.
Shares Statistics:
Over the past 3-months, ATSG traded about 708.31K shares per day on average, while over the past 10 days, ATSG traded about 809.36k shares per day. A total of 65.24M shares are outstanding, with a floating share count of 50.70M. Insiders hold about 22.33% of the company’s shares, while institutions hold 81.60% stake in the company. Shares short for ATSG as of Feb 15, 2024 were 4.81M with a Short Ratio of 6.80, compared to 3.97M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.38% and a Short% of Float of 11.64%.
Earnings Estimates
Current recommendations for the stock of the company come from 6 analysts. On average, analysts expect EPS of $0.25 for the current quarter, with a high estimate of $0.4 and a low estimate of $0.11, while EPS last year was $0.36. The consensus estimate for the next quarter is $0.38, with high estimates of $0.58 and low estimates of $0.16.
Analysts are recommending an EPS of between $1.85 and $0.75 for the fiscal current year, implying an average EPS of $1.33. EPS for the following year is $1.64, with 6 analysts recommending between $1.99 and $1.05.
Revenue Estimates
5 analysts predict $503.32M in revenue for the current quarter. It ranges from a high estimate of $512.3M to a low estimate of $493.5M. As of the current estimate, Air Transport Services Group Inc’s year-ago sales were $501.1M, an estimated increase of 0.40% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $531.52M, an increase of 3.30% over than the figure of $0.40% in the same quarter last year. There is a high estimate of $555M for the next quarter, whereas the lowest estimate is $517.6M.
A total of 6 analysts have provided revenue estimates for ATSG’s current fiscal year. The highest revenue estimate was $2.19B, while the lowest revenue estimate was $1.96B, resulting in an average revenue estimate of $2.11B. In the same quarter a year ago, actual revenue was $2.07B, up 1.70% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $2.14B in the next fiscal year. The high estimate is $2.25B and the low estimate is $1.98B. The average revenue growth estimate for next year is up 1.80% from the average revenue estimate for this year.
