Air Transport Services Group Inc. (ATSG) Expected to Post Earnings of $0.32 Per Share

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Wall Street analysts expect Air Transport Services Group Inc. (NASDAQ:ATSG) to report $0.32 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Air Transport Services Group’s earnings, with estimates ranging from $0.29 to $0.35. Air Transport Services Group reported earnings of $0.22 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 45.5%. The firm is expected to issue its next earnings results on Monday, November 5th.

According to Zacks, analysts expect that Air Transport Services Group will report full year earnings of $1.33 per share for the current financial year, with EPS estimates ranging from $1.25 to $1.43. For the next year, analysts forecast that the business will post earnings of $2.10 per share, with EPS estimates ranging from $2.07 to $2.12. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Air Transport Services Group.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings data on Monday, August 6th. The transportation company reported $0.28 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.28. Air Transport Services Group had a return on equity of 20.53% and a net margin of 10.44%. The company had revenue of $203.61 million for the quarter, compared to analyst estimates of $208.24 million. During the same quarter last year, the firm earned $0.21 EPS. Air Transport Services Group’s revenue for the quarter was down 19.6% compared to the same quarter last year.

ATSG has been the topic of several recent research reports. Stifel Nicolaus raised Air Transport Services Group from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $23.00 to $26.00 in a report on Thursday, June 28th. Zacks Investment Research raised Air Transport Services Group from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective on the stock in a report on Tuesday, July 10th. BidaskClub lowered Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. ValuEngine lowered Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. Finally, Imperial Capital decreased their price objective on Air Transport Services Group from $24.00 to $22.00 and set an “inline” rating on the stock in a report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued 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.

Shares of NASDAQ:ATSG traded down $0.21 during trading on Monday, hitting $20.28. 240,461 shares of the stock were exchanged, compared to its average volume of 408,539. Air Transport Services Group has a 1-year low of $19.17 and a 1-year high of $27.67. The firm has a market capitalization of $1.21 billion, a PE ratio of 22.53 and a beta of 1.81. The company has a current ratio of 1.06, a quick ratio of 0.91 and a debt-to-equity ratio of 1.16.

A number of hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers boosted its stake in Air Transport Services Group by 4.8% in the 2nd quarter. Rhumbline Advisers now owns 59,369 shares of the transportation company’s stock valued at $1,341,000 after buying an additional 2,710 shares in the last quarter. Tygh Capital Management Inc. boosted its stake in Air Transport Services Group by 0.8% in the 2nd quarter. Tygh Capital Management Inc. now owns 386,959 shares of the transportation company’s stock valued at $8,741,000 after buying an additional 2,965 shares in the last quarter. Globeflex Capital L P boosted its stake in Air Transport Services Group by 7.9% in the 2nd quarter. Globeflex Capital L P now owns 57,200 shares of the transportation company’s stock valued at $1,292,000 after buying an additional 4,200 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Air Transport Services Group by 8.9% in the 1st quarter. Wells Fargo & Company MN now owns 60,179 shares of the transportation company’s stock valued at $1,404,000 after buying an additional 4,926 shares in the last quarter. Finally, Cornerstone Wealth Management LLC acquired a new stake in Air Transport Services Group in the 2nd quarter valued at $226,000. 88.26% of the stock is currently owned by institutional investors and hedge funds.

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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