Brokerages Expect Air Transport Services Group Inc. (NASDAQ:ATSG) Will Announce Earnings of $0.39 Per Share

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Equities research analysts expect Air Transport Services Group Inc. (NASDAQ:ATSG) to report $0.39 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Air Transport Services Group’s earnings. The lowest EPS estimate is $0.32 and the highest is $0.48. Air Transport Services Group posted earnings per share of $0.36 during the same quarter last year, which would suggest a positive year over year growth rate of 8.3%. The company is expected to issue its next earnings results on Wednesday, February 26th.

According to Zacks, analysts expect that Air Transport Services Group will report full-year earnings of $1.32 per share for the current year, with EPS estimates ranging from $1.27 to $1.35. For the next year, analysts forecast that the company will report earnings of $1.46 per share, with EPS estimates ranging from $1.45 to $1.50. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Air Transport Services Group.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings results on Wednesday, November 6th. The transportation company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $366.07 million for the quarter, compared to analyst estimates of $344.72 million. Air Transport Services Group had a net margin of 2.13% and a return on equity of 21.56%. Air Transport Services Group’s revenue was up 78.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 earnings per share.

Several research firms have weighed in on ATSG. BidaskClub raised shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Zacks Investment Research raised shares of Air Transport Services Group from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Friday. TheStreet downgraded shares of Air Transport Services Group from a “b-” rating to a “c” rating in a research note on Monday, August 5th. Finally, ValuEngine downgraded shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $28.60.

In other Air Transport Services Group news, Director Robert K. Coretz bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was bought at an average cost of $20.00 per share, with a total value of $200,000.00. Following the completion of the transaction, the director now directly owns 135,000 shares in the company, valued at approximately $2,700,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Quint O. Turner sold 9,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $23.29, for a total transaction of $209,610.00. Following the sale, the chief financial officer now directly owns 233,053 shares of the company’s stock, valued at $5,427,804.37. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Financial Gravity Wealth Inc. boosted its holdings in Air Transport Services Group by 294.1% during the second quarter. Financial Gravity Wealth Inc. now owns 1,608 shares of the transportation company’s stock worth $39,000 after purchasing an additional 1,200 shares during the last quarter. NumerixS Investment Technologies Inc purchased a new position in Air Transport Services Group during the second quarter worth about $56,000. Tower Research Capital LLC TRC boosted its holdings in Air Transport Services Group by 1,773.4% during the third quarter. Tower Research Capital LLC TRC now owns 3,241 shares of the transportation company’s stock worth $68,000 after purchasing an additional 3,068 shares during the last quarter. Aperio Group LLC purchased a new position in Air Transport Services Group during the second quarter worth about $134,000. Finally, US Bancorp DE boosted its holdings in Air Transport Services Group by 47.6% during the second quarter. US Bancorp DE now owns 6,188 shares of the transportation company’s stock worth $151,000 after purchasing an additional 1,997 shares during the last quarter. 87.14% of the stock is owned by institutional investors.

Shares of NASDAQ:ATSG traded up $0.53 during mid-day trading on Friday, reaching $23.43. 605,600 shares of the company’s stock were exchanged, compared to its average volume of 366,416. Air Transport Services Group has a twelve month low of $17.06 and a twelve month high of $25.82. The company has a debt-to-equity ratio of 3.89, a quick ratio of 0.78 and a current ratio of 0.92. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 18.74 and a beta of 0.93. The business’s fifty day moving average price is $20.79 and its 200-day moving average price is $21.99.

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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