Equities analysts expect Air Transport Services Group, Inc (NASDAQ:ATSG) to announce $0.27 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Air Transport Services Group’s earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.25. Air Transport Services Group posted earnings of $0.19 per share during the same quarter last year, which indicates a positive year over year growth rate of 42.1%. The business is expected to announce its next earnings report on Monday, March 5th.
According to Zacks, analysts expect that Air Transport Services Group will report full-year earnings of $0.86 per share for the current year, with EPS estimates ranging from $0.84 to $0.91. For the next year, analysts anticipate that the business will report earnings of $1.14 per share, with EPS estimates ranging from $1.05 to $1.20. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Air Transport Services Group.
Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings data on Monday, November 6th. The transportation company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The firm had revenue of $254.10 million for the quarter, compared to the consensus estimate of $256.13 million. Air Transport Services Group had a positive return on equity of 16.62% and a negative net margin of 7.77%. The company’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 EPS.
Several research firms recently issued reports on ATSG. Stephens reiterated an “overweight” rating and issued a $29.00 price objective (up previously from $27.00) on shares of Air Transport Services Group in a report on Tuesday, November 7th. Stifel Nicolaus restated a “hold” rating and set a $22.00 price target (up previously from $20.00) on shares of Air Transport Services Group in a report on Tuesday, November 7th. Zacks Investment Research downgraded Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Cowen set a $27.00 price target on Air Transport Services Group and gave the stock a “buy” rating in a report on Friday, October 13th. Finally, ValuEngine downgraded Air Transport Services Group from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $24.86.
In related news, insider W Joseph Payne sold 7,500 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $24.20, for a total value of $181,500.00. Following the completion of the sale, the insider now directly owns 177,952 shares of the company’s stock, valued at approximately $4,306,438.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Joseph Edward Roux sold 10,012 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $23.61, for a total value of $236,383.32. Following the completion of the sale, the director now directly owns 27,862 shares of the company’s stock, valued at $657,821.82. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. boosted its position in shares of Air Transport Services Group by 21.4% in the 2nd quarter. Advisor Group Inc. now owns 6,895 shares of the transportation company’s stock valued at $150,000 after purchasing an additional 1,217 shares during the period. Pacad Investment Ltd. acquired a new stake in Air Transport Services Group during the 2nd quarter worth approximately $168,000. First Mercantile Trust Co. acquired a new stake in Air Transport Services Group during the 2nd quarter worth approximately $169,000. SG Americas Securities LLC acquired a new stake in Air Transport Services Group during the 3rd quarter worth approximately $258,000. Finally, Prudential Financial Inc. acquired a new stake in Air Transport Services Group during the 3rd quarter worth approximately $262,000. 90.47% of the stock is owned by hedge funds and other institutional investors.
Air Transport Services Group (NASDAQ ATSG) traded down $0.31 during mid-day trading on Monday, hitting $23.68. The company had a trading volume of 284,400 shares, compared to its average volume of 427,717. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.97 and a quick ratio of 0.87. The stock has a market cap of $1,399.99, a P/E ratio of 29.98 and a beta of 1.96. Air Transport Services Group has a 52-week low of $14.97 and a 52-week high of $26.75.
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Air Transport Services Group Company Profile
Air Transport Services Group, Inc (ATSG) is a holding company. The Company provides airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. It offers aircraft, crew, maintenance and insurance (ACMI) for specified cargo operations.
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