Air Transport Services Group (ATSG) Earns Daily News Impact Score of 0.14
News coverage about Air Transport Services Group (NASDAQ:ATSG) has been trending somewhat positive on Sunday, Accern Sentiment reports. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Air Transport Services Group earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news coverage about the transportation company an impact score of 47.3646785377579 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
- Air Transport Services Group Inc. (ATSG) CFO Sells $99,520.00 in Stock (americanbankingnews.com)
- Zacks: Analysts Expect Air Transport Services Group Inc. (ATSG) Will Post Quarterly Sales of $262.75 Million (americanbankingnews.com)
- Technical Facts tell us that more about the Air Transport Services Group, Inc. (ATSG) – Wall Street Morning (wallstreetmorning.com)
- Air Transport Not Just An Amazon Story – Seeking Alpha (seekingalpha.com)
- OppenheimerFunds Inc. Purchases 22,945 Shares of Air Transport Services Group Inc. (ATSG) (americanbankingnews.com)
A number of equities analysts recently commented on the stock. Imperial Capital reaffirmed an “in-line” rating and set a $26.00 price target (up from $23.00) on shares of Air Transport Services Group in a research report on Thursday, March 1st. BidaskClub raised shares of Air Transport Services Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 25th. TheStreet raised shares of Air Transport Services Group from a “c” rating to a “b” rating in a report on Wednesday, February 28th. ValuEngine raised shares of Air Transport Services Group from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Susquehanna Bancshares set a $27.00 target price on shares of Air Transport Services Group and gave the company a “hold” rating in a report on Friday, March 2nd. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $27.14.
Air Transport Services Group (NASDAQ:ATSG) last released its earnings results on Tuesday, February 27th. The transportation company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.27 by $0.03. Air Transport Services Group had a net margin of 1.73% and a return on equity of 18.48%. The firm had revenue of $322.97 million for the quarter, compared to analyst estimates of $270.16 million. equities research analysts predict that Air Transport Services Group will post 1.3 earnings per share for the current year.
Air Transport Services Group declared that its board has approved a stock repurchase plan on Tuesday, February 27th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the transportation company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
In other news, insider W Joseph Payne sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $26.09, for a total value of $195,675.00. Following the sale, the insider now directly owns 155,060 shares in the company, valued at approximately $4,045,515.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Quint O. Turner sold 4,900 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $23.34, for a total transaction of $114,366.00. Following the completion of the sale, the chief financial officer now owns 242,673 shares in the company, valued at $5,663,987.82. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,150 shares of company stock worth $787,336. Insiders own 2.20% of the company’s stock.
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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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