Air Transport Services Group (ATSG) Scheduled to Post Earnings on Thursday

Air Transport Services Group (NASDAQ:ATSG) will be releasing its earnings data after the market closes on Thursday, August 8th. Analysts expect Air Transport Services Group to post earnings of $0.16 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings data on Monday, May 6th. The transportation company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The firm had revenue of $485.50 million during the quarter, compared to analyst estimates of $479.77 million. Air Transport Services Group had a return on equity of 6.61% and a net margin of 2.37%. The company’s revenue was down 3.1% on a year-over-year basis. During the same period last year, the company earned $0.36 earnings per share. On average, analysts expect Air Transport Services Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Air Transport Services Group Stock Performance

Shares of NASDAQ:ATSG opened at $13.94 on Wednesday. The stock has a market capitalization of $916.19 million, a P/E ratio of 22.13 and a beta of 0.84. The company has a current ratio of 0.75, a quick ratio of 0.63 and a debt-to-equity ratio of 1.20. Air Transport Services Group has a 1-year low of $11.62 and a 1-year high of $24.09. The business has a 50-day moving average price of $14.05 and a two-hundred day moving average price of $13.81.

Wall Street Analysts Forecast Growth

ATSG has been the topic of a number of analyst reports. Susquehanna increased their price target on Air Transport Services Group from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. StockNews.com upgraded shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. TD Cowen lifted their target price on Air Transport Services Group from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Finally, Truist Financial cut their price objective on Air Transport Services Group from $20.00 to $14.00 and set a “hold” rating on the stock in a report on Friday, April 19th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $21.83.

About Air Transport Services Group

Air Transport Services Group, Inc, together with its subsidiaries, provides aircraft leasing, and air cargo transportation and related services in the United States and internationally. It operates in two segments, Cargo Aircraft Management Inc (CAM) and ACMI Services. The company offers aircraft, flight crews, aircraft hull and liability insurance, and aviation fuel services; and aircraft maintenance and modification services, including airframe modification and heavy maintenance, component repairs, engineering services, and aircraft line maintenance.