Analysts Anticipate Air Transport Services Group Inc. (ATSG) Will Announce Earnings of $0.28 Per Share

Wall Street analysts forecast that Air Transport Services Group Inc. (NASDAQ:ATSG) will post earnings per share of $0.28 for the current quarter, Zacks reports. Three analysts have made estimates for Air Transport Services Group’s earnings, with the highest EPS estimate coming in at $0.34 and the lowest estimate coming in at $0.24. Air Transport Services Group posted earnings of $0.21 per share during the same quarter last year, which suggests a positive year over year growth rate of 33.3%. The firm is scheduled to report its next earnings report on Monday, August 6th.

According to Zacks, analysts expect that Air Transport Services Group will report full year earnings of $1.33 per share for the current year, with EPS estimates ranging from $1.25 to $1.42. For the next fiscal year, analysts forecast that the firm will post earnings of $1.46 per share, with EPS estimates ranging from $1.40 to $1.53. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Air Transport Services Group.

Air Transport Services Group (NASDAQ:ATSG) last announced its earnings results on Tuesday, May 8th. The transportation company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.13. The company had revenue of $257.40 million for the quarter, compared to analyst estimates of $244.15 million. Air Transport Services Group had a return on equity of 21.26% and a net margin of 2.36%. Air Transport Services Group’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.17 earnings per share.

ATSG has been the topic of several recent analyst reports. TheStreet raised Air Transport Services Group from a “c” rating to a “b” rating in a research report on Wednesday, February 28th. Imperial Capital dropped their price target on Air Transport Services Group from $26.00 to $24.00 and set a “line” rating on the stock in a research report on Thursday, May 17th. ValuEngine raised Air Transport Services Group from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. BidaskClub lowered Air Transport Services Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 19th. Finally, Cowen upped their price target on Air Transport Services Group from $27.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Air Transport Services Group currently has a consensus rating of “Hold” and an average target price of $27.00.

Air Transport Services Group traded up $0.24, hitting $23.65, during trading hours on Friday, MarketBeat.com reports. 559,900 shares of the company’s stock traded hands, compared to its average volume of 348,341. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 26.28 and a beta of 1.85. Air Transport Services Group has a twelve month low of $19.17 and a twelve month high of $27.67. The company has a current ratio of 1.12, a quick ratio of 0.99 and a debt-to-equity ratio of 1.26.

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

In other Air Transport Services Group news, insider W Joseph Payne sold 12,500 shares of the company’s stock in a transaction dated Wednesday, June 6th. The stock was sold at an average price of $22.51, for a total value of $281,375.00. Following the transaction, the insider now directly owns 159,619 shares of the company’s stock, valued at approximately $3,593,023.69. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Quint O. Turner sold 3,500 shares of the company’s stock in a transaction dated Monday, April 9th. The stock was sold at an average price of $22.64, for a total value of $79,240.00. Following the completion of the transaction, the chief financial officer now directly owns 243,874 shares in the company, valued at $5,521,307.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,600 shares of company stock worth $374,133. Insiders own 2.10% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its position in Air Transport Services Group by 1.2% in the 1st quarter. BlackRock Inc. now owns 3,370,899 shares of the transportation company’s stock worth $78,609,000 after purchasing an additional 39,360 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Air Transport Services Group by 2,229.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,989,992 shares of the transportation company’s stock worth $46,048,000 after purchasing an additional 1,904,566 shares during the last quarter. Nuveen Asset Management LLC increased its position in Air Transport Services Group by 8.3% in the 1st quarter. Nuveen Asset Management LLC now owns 1,035,879 shares of the transportation company’s stock worth $24,157,000 after purchasing an additional 79,281 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Air Transport Services Group by 2.9% during the 4th quarter. Alliancebernstein L.P. now owns 798,040 shares of the transportation company’s stock worth $18,467,000 after acquiring an additional 22,140 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in shares of Air Transport Services Group by 26.7% during the 1st quarter. Allianz Asset Management GmbH now owns 721,706 shares of the transportation company’s stock worth $16,830,000 after acquiring an additional 152,227 shares in the last quarter. 88.72% of the stock is currently owned by institutional investors.

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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