Zacks: Analysts Expect Air Transport Services Group Inc. (NASDAQ:ATSG) Will Announce Earnings of $0.27 Per Share

Wall Street analysts expect that Air Transport Services Group Inc. (NASDAQ:ATSG) will post earnings per share of $0.27 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Air Transport Services Group’s earnings, with the highest EPS estimate coming in at $0.29 and the lowest estimate coming in at $0.25. Air Transport Services Group posted earnings of $0.31 per share in the same quarter last year, which suggests a negative year over year growth rate of 12.9%. The company is scheduled to issue its next earnings report on Thursday, November 7th.

According to Zacks, analysts expect that Air Transport Services Group will report full year earnings of $1.30 per share for the current financial year, with EPS estimates ranging from $1.22 to $1.35. For the next financial year, analysts anticipate that the company will post earnings of $1.43 per share, with EPS estimates ranging from $1.30 to $1.50. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Air Transport Services Group.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings data on Monday, August 5th. The transportation company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. Air Transport Services Group had a net margin of 2.13% and a return on equity of 21.56%. The firm had revenue of $334.60 million for the quarter, compared to analysts’ expectations of $333.05 million. During the same period in the previous year, the company posted $0.28 EPS. The company’s quarterly revenue was up 64.3% compared to the same quarter last year.

Several research firms have weighed in on ATSG. BidaskClub cut shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a research report on Thursday, October 10th. TheStreet cut shares of Air Transport Services Group from a “b-” rating to a “c” rating in a research report on Monday, August 5th. Finally, Zacks Investment Research upgraded shares of Air Transport Services Group from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $27.80.

NASDAQ ATSG traded up $0.32 on Friday, hitting $21.43. 9,526 shares of the stock were exchanged, compared to its average volume of 266,640. Air Transport Services Group has a 52-week low of $17.06 and a 52-week high of $25.82. The company has a debt-to-equity ratio of 3.89, a current ratio of 0.92 and a quick ratio of 0.78. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 17.18 and a beta of 0.95. The company’s 50-day moving average price is $20.73 and its two-hundred day moving average price is $22.13.

In related news, Director Raymond E. Johns, Jr. purchased 2,400 shares of the stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of $20.74 per share, for a total transaction of $49,776.00. Following the acquisition, the director now directly owns 7,125 shares in the company, valued at approximately $147,772.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider W Joseph Payne sold 4,300 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $23.01, for a total transaction of $98,943.00. Following the transaction, the insider now owns 148,381 shares in the company, valued at $3,414,246.81. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 13,400 shares of company stock worth $269,516. 2.30% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of ATSG. Creative Planning boosted its holdings in Air Transport Services Group by 8.8% in the second quarter. Creative Planning now owns 12,884 shares of the transportation company’s stock worth $314,000 after purchasing an additional 1,046 shares in the last quarter. Financial Gravity Wealth Inc. boosted its holdings in Air Transport Services Group by 294.1% in 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 in the last quarter. Swiss National Bank boosted its holdings in Air Transport Services Group by 5.4% in the second quarter. Swiss National Bank now owns 27,550 shares of the transportation company’s stock worth $672,000 after purchasing an additional 1,400 shares in the last quarter. Northern Trust Corp boosted its holdings in Air Transport Services Group by 0.3% in the second quarter. Northern Trust Corp now owns 754,972 shares of the transportation company’s stock worth $18,422,000 after purchasing an additional 1,907 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in Air Transport Services Group by 47.6% in 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 in the last quarter. Institutional investors and hedge funds own 87.09% of the company’s stock.

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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