Brokerages expect Air Transport Services Group Inc. (NASDAQ:ATSG) to report earnings of $0.19 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Air Transport Services Group’s earnings. The lowest EPS estimate is $0.16 and the highest is $0.22. Air Transport Services Group reported earnings of $0.13 per share during the same quarter last year, which would indicate a positive year over year growth rate of 46.2%. The company is scheduled to report its next earnings results on Monday, August 14th.

On average, analysts expect that Air Transport Services Group will report full-year earnings of $0.95 per share for the current fiscal year, with EPS estimates ranging from $0.95 to $0.96. For the next year, analysts forecast that the company will post earnings of $1.23 per share, with EPS estimates ranging from $1.20 to $1.25. Zacks Investment Research’s earnings per share averages 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 earnings results on Wednesday, May 3rd. The transportation company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.06. The business had revenue of $237.92 million during the quarter, compared to analysts’ expectations of $214.09 million. Air Transport Services Group had a net margin of 4.12% and a return on equity of 11.68%.

ATSG has been the subject of several research analyst reports. Zacks Investment Research raised Air Transport Services Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Imperial Capital upped their price objective on Air Transport Services Group from $18.00 to $23.00 and gave the company an “in-line” rating in a research note on Friday, May 5th. Cowen and Company upped their price objective on Air Transport Services Group from $19.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, May 5th. BidaskClub raised Air Transport Services Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Finally, Sidoti reaffirmed a “buy” rating and issued a $26.00 price objective (up previously from $23.00) on shares of Air Transport Services Group in a research note on Sunday, May 14th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Air Transport Services Group has a consensus rating of “Buy” and a consensus price target of $23.50.

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Air Transport Services Group (ATSG) traded down 0.30% during midday trading on Tuesday, reaching $23.35. 225,622 shares of the company’s stock traded hands. The stock has a 50-day moving average of $22.87 and a 200 day moving average of $18.37. Air Transport Services Group has a 52-week low of $12.94 and a 52-week high of $24.21. The company has a market cap of $1.39 billion, a P/E ratio of 63.45 and a beta of 1.99.

In related news, VP Matthew E. Fedders sold 4,102 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $22.24, for a total value of $91,228.48. Following the sale, the vice president now directly owns 24,842 shares in the company, valued at $552,486.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brady Thomas Templeton sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $23.72, for a total value of $83,020.00. Following the completion of the sale, the insider now owns 90,729 shares in the company, valued at $2,152,091.88. The disclosure for this sale can be found here. Insiders sold 4,468,192 shares of company stock worth $100,226,850 over the last quarter. 2.20% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its stake in shares of Air Transport Services Group by 18.2% in the first quarter. Victory Capital Management Inc. now owns 6,887 shares of the transportation company’s stock valued at $111,000 after buying an additional 1,058 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Air Transport Services Group by 87.5% in the first quarter. Envestnet Asset Management Inc. now owns 11,136 shares of the transportation company’s stock worth $180,000 after buying an additional 5,196 shares during the last quarter. SG Americas Securities LLC boosted its position in Air Transport Services Group by 17.1% in the first quarter. SG Americas Securities LLC now owns 11,196 shares of the transportation company’s stock worth $180,000 after buying an additional 1,632 shares during the last quarter. Globeflex Capital L P boosted its position in Air Transport Services Group by 17,878.8% in the first quarter. Globeflex Capital L P now owns 11,866 shares of the transportation company’s stock worth $190,000 after buying an additional 11,800 shares during the last quarter. Finally, Intrust Bank NA acquired a new position in Air Transport Services Group during the first quarter worth about $233,000. Institutional investors and hedge funds own 87.34% of the company’s stock.

About Air Transport Services Group

Air Transport Services Group, Inc (ATSG) is a holding company. The Company provides airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. It offers aircraft, crew, maintenance and insurance (ACMI) for specified cargo operations.

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Earnings History and Estimates for Air Transport Services Group (NASDAQ:ATSG)

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