Wall Street brokerages forecast that Air Transport Services Group, Inc (NASDAQ:ATSG) will report earnings of $0.21 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Air Transport Services Group’s earnings, with estimates ranging from $0.20 to $0.23. Air Transport Services Group reported earnings of $0.14 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 50%. The firm is scheduled to issue its next earnings report on Thursday, November 2nd.

On average, analysts expect that Air Transport Services Group will report full year earnings of $0.86 per share for the current financial year, with EPS estimates ranging from $0.85 to $0.90. For the next year, analysts forecast that the business will report earnings of $1.11 per share, with EPS estimates ranging from $1.05 to $1.20. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Air Transport Services Group.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings data on Monday, August 7th. The transportation company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.02. Air Transport Services Group had a negative net margin of 4.42% and a positive return on equity of 14.27%. The business had revenue of $253.21 million during the quarter, compared to analyst estimates of $235.69 million. During the same period in the prior year, the business earned $0.13 EPS. The company’s revenue for the quarter was up 43.4% on a year-over-year basis.

Several research firms have commented on ATSG. Susquehanna Bancshares Inc began coverage on shares of Air Transport Services Group in a research note on Thursday, August 17th. They set a “neutral” rating and a $22.00 price objective for the company. BidaskClub lowered shares of Air Transport Services Group from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research raised shares of Air Transport Services Group from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a research note on Tuesday, July 4th. TheStreet lowered shares of Air Transport Services Group from a “b+” rating to a “c+” rating in a research note on Monday, August 7th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $20.00 target price on shares of Air Transport Services Group in a research note on Tuesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $23.13.

Shares of Air Transport Services Group (NASDAQ ATSG) traded up 0.98% on Friday, reaching $23.76. 313,179 shares of the company’s stock traded hands. Air Transport Services Group has a 12-month low of $12.94 and a 12-month high of $25.75. The firm’s market cap is $1.40 billion. The stock has a 50-day moving average of $23.16 and a 200 day moving average of $20.87.

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In other news, VP Matthew E. Fedders sold 4,102 shares of the business’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $22.24, for a total transaction of $91,228.48. Following the completion of the sale, the vice president now directly owns 24,842 shares of the company’s stock, valued at $552,486.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider W Joseph Payne sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $24.52, for a total transaction of $122,600.00. Following the sale, the insider now directly owns 185,452 shares of the company’s stock, valued at $4,547,283.04. The disclosure for this sale can be found here. Insiders have sold 17,202 shares of company stock valued at $389,679 over the last three months. Insiders own 2.20% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Air Transport Services Group by 6.1% during the second quarter. Vanguard Group Inc. now owns 4,295,754 shares of the transportation company’s stock valued at $93,562,000 after purchasing an additional 245,120 shares during the period. FMR LLC lifted its stake in Air Transport Services Group by 79.2% in the first quarter. FMR LLC now owns 3,135,356 shares of the transportation company’s stock worth $50,323,000 after acquiring an additional 1,386,101 shares during the period. Victory Capital Management Inc. lifted its stake in Air Transport Services Group by 16,471.6% in the second quarter. Victory Capital Management Inc. now owns 1,141,285 shares of the transportation company’s stock worth $24,857,000 after acquiring an additional 1,134,398 shares during the period. State Street Corp lifted its stake in Air Transport Services Group by 7.1% in the second quarter. State Street Corp now owns 1,000,779 shares of the transportation company’s stock worth $21,794,000 after acquiring an additional 66,711 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in Air Transport Services Group by 1.6% in the first quarter. Alliancebernstein L.P. now owns 864,700 shares of the transportation company’s stock worth $13,878,000 after acquiring an additional 13,740 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

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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