$262.75 Million in Sales Expected for Air Transport Services Group Inc. (ATSG) This Quarter

Equities research analysts expect Air Transport Services Group Inc. (NASDAQ:ATSG) to post $262.75 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Air Transport Services Group’s earnings, with the highest sales estimate coming in at $316.24 million and the lowest estimate coming in at $199.20 million. Air Transport Services Group posted sales of $237.92 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.4%. The business is expected to report its next quarterly earnings report on Wednesday, May 2nd.

On average, analysts expect that Air Transport Services Group will report full-year sales of $1.15 billion for the current year, with estimates ranging from $838.20 million to $1.38 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.27 billion per share, with estimates ranging from $865.10 million to $1.61 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Air Transport Services Group.

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Air Transport Services Group (NASDAQ:ATSG) last issued its earnings results on Tuesday, February 27th. The transportation company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.03. The company had revenue of $322.97 million during the quarter, compared to the consensus estimate of $270.16 million. Air Transport Services Group had a net margin of 1.73% and a return on equity of 18.48%.

Several research analysts recently weighed in on ATSG shares. TheStreet raised shares of Air Transport Services Group from a “c” rating to a “b” rating in a report on Wednesday, February 28th. ValuEngine raised shares of Air Transport Services Group from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research raised shares of Air Transport Services Group from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Tuesday, January 9th. Imperial Capital reaffirmed an “in-line” rating and issued a $26.00 target price (up previously from $23.00) on shares of Air Transport Services Group in a report on Thursday, March 1st. Finally, BidaskClub raised shares of Air Transport Services Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $27.14.

Air Transport Services Group stock traded down $0.21 during mid-day trading on Wednesday, hitting $21.98. The stock had a trading volume of 432,655 shares, compared to its average volume of 396,373. The company has a market capitalization of $1,314.48, a P/E ratio of 24.42 and a beta of 1.82. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 1.00. Air Transport Services Group has a one year low of $16.30 and a one year high of $27.67.

Air Transport Services Group declared that its board has approved a stock repurchase plan on Tuesday, February 27th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the transportation company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

In other news, CFO Quint O. Turner sold 4,900 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $23.34, for a total transaction of $114,366.00. Following the sale, the chief financial officer now directly owns 242,673 shares in the company, valued at approximately $5,663,987.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider W Joseph Payne sold 7,500 shares of the company’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $26.09, for a total transaction of $195,675.00. Following the sale, the insider now owns 155,060 shares in the company, valued at $4,045,515.40. The disclosure for this sale can be found here. Insiders have sold a total of 35,039 shares of company stock valued at $863,945 in the last three months. Insiders own 2.10% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Legal & General Group Plc raised its position in shares of Air Transport Services Group by 19.6% during the 3rd quarter. Legal & General Group Plc now owns 14,779 shares of the transportation company’s stock valued at $363,000 after buying an additional 2,426 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Air Transport Services Group by 73.2% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,799 shares of the transportation company’s stock valued at $181,000 after buying an additional 3,295 shares in the last quarter. Rhumbline Advisers raised its position in shares of Air Transport Services Group by 5.7% during the 3rd quarter. Rhumbline Advisers now owns 64,527 shares of the transportation company’s stock valued at $1,571,000 after buying an additional 3,494 shares in the last quarter. Guggenheim Capital LLC raised its position in shares of Air Transport Services Group by 35.7% during the 4th quarter. Guggenheim Capital LLC now owns 21,546 shares of the transportation company’s stock valued at $499,000 after buying an additional 5,673 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Air Transport Services Group by 5.4% during the 4th quarter. First Trust Advisors LP now owns 117,563 shares of the transportation company’s stock valued at $2,720,000 after buying an additional 5,997 shares in the last quarter. Hedge funds and other institutional investors own 89.62% of the company’s stock.

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Air Transport Services Group Company Profile

Air Transport Services Group, Inc, through its subsidiaries, operates in the airfreight and logistics industry. The company owns and leases cargo aircraft to airlines and other customers. It also provides airline operations to delivery companies, airlines, freight forwarders, and the U.S. Military, as well as operates charter agreements.

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Earnings History and Estimates for Air Transport Services Group (NASDAQ:ATSG)

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