Air Transport Services Group Inc. (NASDAQ:ATSG) Expected to Announce Earnings of $0.39 Per Share

Brokerages expect that Air Transport Services Group Inc. (NASDAQ:ATSG) will report $0.39 earnings per share for the current quarter, Zacks reports. Two analysts have provided estimates for Air Transport Services Group’s earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.48. Air Transport Services Group reported earnings per share of $0.36 during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.3%. The firm is expected to issue its next quarterly earnings results on Wednesday, February 26th.

On average, analysts expect that Air Transport Services Group will report full-year earnings of $1.35 per share for the current year, with EPS estimates ranging from $1.27 to $1.44. For the next fiscal year, analysts forecast that the company will report earnings of $1.57 per share, with EPS estimates ranging from $1.45 to $1.68. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Air Transport Services Group.

Air Transport Services Group (NASDAQ:ATSG) last posted its earnings results on Wednesday, November 6th. The transportation company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.27 by $0.04. The firm had revenue of $366.07 million for the quarter, compared to analyst estimates of $344.72 million. Air Transport Services Group had a return on equity of 21.41% and a net margin of 7.30%. Air Transport Services Group’s revenue for the quarter was up 78.6% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share.

A number of brokerages have recently commented on ATSG. BidaskClub raised shares of Air Transport Services Group from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Zacks Investment Research upgraded shares of Air Transport Services Group from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Friday, November 8th. Finally, ValuEngine cut shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. Air Transport Services Group presently has an average rating of “Buy” and an average target price of $28.60.

NASDAQ:ATSG traded up $0.08 during trading hours on Tuesday, reaching $23.65. The company had a trading volume of 383,214 shares, compared to its average volume of 412,548. The company has a debt-to-equity ratio of 3.01, a current ratio of 0.84 and a quick ratio of 0.73. Air Transport Services Group has a 1-year low of $17.06 and a 1-year high of $25.82. The business’s 50 day moving average price is $22.86 and its 200-day moving average price is $22.15. The firm has a market cap of $1.40 billion, a PE ratio of 17.99 and a beta of 0.99.

In other Air Transport Services Group news, Director Jeffrey J. Vorholt sold 7,864 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $24.45, for a total transaction of $192,274.80. Following the transaction, the director now owns 20,000 shares in the company, valued at $489,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Quint O. Turner sold 9,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $25.01, for a total value of $225,090.00. Following the transaction, the chief financial officer now owns 216,263 shares in the company, valued at approximately $5,408,737.63. The disclosure for this sale can be found here. Insiders have sold a total of 39,164 shares of company stock worth $944,168 over the last 90 days. Insiders own 2.30% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Air Transport Services Group by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 5,119,375 shares of the transportation company’s stock worth $124,912,000 after buying an additional 32,729 shares during the period. River Road Asset Management LLC lifted its position in shares of Air Transport Services Group by 26.8% during the 3rd quarter. River Road Asset Management LLC now owns 3,245,710 shares of the transportation company’s stock valued at $68,225,000 after buying an additional 686,501 shares in the last quarter. Moab Capital Partners LLC lifted its position in shares of Air Transport Services Group by 3.0% during the 3rd quarter. Moab Capital Partners LLC now owns 1,959,537 shares of the transportation company’s stock valued at $41,189,000 after buying an additional 57,450 shares in the last quarter. Voya Investment Management LLC grew its stake in Air Transport Services Group by 41.8% in the 3rd quarter. Voya Investment Management LLC now owns 1,875,127 shares of the transportation company’s stock valued at $39,416,000 after acquiring an additional 553,149 shares during the period. Finally, Waddell & Reed Financial Inc. grew its stake in Air Transport Services Group by 8.7% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 1,860,565 shares of the transportation company’s stock valued at $45,398,000 after acquiring an additional 148,852 shares during the period. Institutional investors and hedge funds own 91.07% of the company’s stock.

About Air Transport Services Group

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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