Air Transport Services Group (NASDAQ:ATSG) announced its earnings results on Thursday. The transportation company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.01), Briefing.com reports. Air Transport Services Group had a return on equity of 20.53% and a net margin of 10.44%. The firm had revenue of $204.90 million during the quarter, compared to the consensus estimate of $209.60 million. During the same period in the prior year, the company posted $0.22 EPS. The firm’s revenue was down 19.4% on a year-over-year basis.
ATSG stock traded down $1.26 on Friday, reaching $18.75. 16,292 shares of the company traded hands, compared to its average volume of 316,031. Air Transport Services Group has a one year low of $18.52 and a one year high of $27.67. The company has a quick ratio of 0.91, a current ratio of 1.06 and a debt-to-equity ratio of 1.16. The firm has a market cap of $1.14 billion, a PE ratio of 20.86 and a beta of 1.81.
ATSG has been the subject of several research reports. Zacks Investment Research raised Air Transport Services Group from a “hold” rating to a “strong-buy” rating and set a $28.00 target price for the company in a research report on Tuesday, July 10th. BidaskClub lowered Air Transport Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 1st. ValuEngine lowered Air Transport Services Group from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $24.00 price objective (down previously from $26.00) on shares of Air Transport Services Group in a research report on Wednesday, August 8th. Finally, Imperial Capital reduced their price objective on Air Transport Services Group from $24.00 to $22.00 and set an “inline” rating for the company in a research report on Wednesday, August 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Air Transport Services Group presently has a consensus rating of “Hold” and an average target price of $26.50.
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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