Brokerages Anticipate Air Transport Services Group Inc. (NASDAQ:ATSG) to Announce $0.24 Earnings Per Share

Wall Street brokerages expect Air Transport Services Group Inc. (NASDAQ:ATSG) to report $0.24 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Air Transport Services Group’s earnings, with the highest EPS estimate coming in at $0.26 and the lowest estimate coming in at $0.20. Air Transport Services Group posted earnings per share of $0.28 in the same quarter last year, which suggests a negative year-over-year growth rate of 14.3%. The firm is expected to report its next earnings results on Monday, August 5th.

According to Zacks, analysts expect that Air Transport Services Group will report full-year earnings of $1.32 per share for the current financial year, with EPS estimates ranging from $1.22 to $1.45. For the next year, analysts expect that the firm will post earnings of $1.45 per share, with EPS estimates ranging from $1.15 to $1.70. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that follow Air Transport Services Group.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings data on Tuesday, May 7th. The transportation company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.09. The firm had revenue of $348.18 million for the quarter, compared to analysts’ expectations of $306.01 million. Air Transport Services Group had a net margin of 7.33% and a return on equity of 20.87%.

A number of brokerages have issued reports on ATSG. Zacks Investment Research raised shares of Air Transport Services Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 2nd. Imperial Capital reaffirmed an “outperform” rating and issued a $31.00 target price (up from $28.00) on shares of Air Transport Services Group in a report on Thursday, May 9th. BidaskClub cut shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Saturday, May 4th. Stifel Nicolaus set a $26.00 price target on shares of Air Transport Services Group and gave the stock a “buy” rating in a research note on Thursday, May 16th. Finally, ValuEngine lowered shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Air Transport Services Group currently has a consensus rating of “Buy” and a consensus target price of $28.17.

Shares of ATSG stock traded up $0.12 on Wednesday, hitting $22.95. 168,578 shares of the company’s stock traded hands, compared to its average volume of 408,646. The company has a quick ratio of 0.85, a current ratio of 0.99 and a debt-to-equity ratio of 3.60. Air Transport Services Group has a one year low of $17.06 and a one year high of $25.82. The firm’s fifty day moving average is $22.77. The stock has a market cap of $1.36 billion, a PE ratio of 18.36 and a beta of 0.93.

In other Air Transport Services Group news, CFO Quint O. Turner sold 3,000 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $23.34, for a total transaction of $70,020.00. Following the completion of the sale, the chief financial officer now directly owns 244,303 shares of the company’s stock, valued at $5,702,032.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider W Joseph Payne sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $23.06, for a total transaction of $115,300.00. Following the sale, the insider now directly owns 160,881 shares in the company, valued at approximately $3,709,915.86. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 27,200 shares of company stock worth $592,104 and sold 18,334 shares worth $430,071. Corporate insiders own 2.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. First Trust Advisors LP grew its holdings in Air Transport Services Group by 415.5% in the 1st quarter. First Trust Advisors LP now owns 125,485 shares of the transportation company’s stock valued at $2,892,000 after buying an additional 101,141 shares during the last quarter. TCW Group Inc. boosted its stake in Air Transport Services Group by 4.9% in the 1st quarter. TCW Group Inc. now owns 552,718 shares of the transportation company’s stock valued at $12,740,000 after buying an additional 25,696 shares in the last quarter. State of Wisconsin Investment Board raised its position in Air Transport Services Group by 33.6% in the 1st quarter. State of Wisconsin Investment Board now owns 360,650 shares of the transportation company’s stock valued at $8,313,000 after purchasing an additional 90,650 shares during the last quarter. Bluestein R H & Co. bought a new position in Air Transport Services Group in the 1st quarter valued at $231,000. Finally, Rothschild & Co. Asset Management US Inc. raised its position in Air Transport Services Group by 0.5% in the 1st quarter. Rothschild & Co. Asset Management US Inc. now owns 322,775 shares of the transportation company’s stock valued at $7,440,000 after purchasing an additional 1,521 shares during the last quarter. 90.52% 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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