Equities research analysts predict that Air Transport Services Group Inc. (NASDAQ:ATSG) will report earnings of $0.32 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Air Transport Services Group’s earnings, with estimates ranging from $0.30 to $0.35. Air Transport Services Group reported earnings of $0.22 per share during the same quarter last year, which would indicate a positive year over year growth rate of 45.5%. The firm is scheduled to issue its next quarterly earnings results on Monday, November 5th.

According to Zacks, analysts expect that Air Transport Services Group will report full year earnings of $1.34 per share for the current fiscal year, with EPS estimates ranging from $1.25 to $1.43. For the next financial year, analysts forecast that the company will report earnings of $1.46 per share, with EPS estimates ranging from $1.38 to $1.53. Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover Air Transport Services Group.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings data on Monday, August 6th. The transportation company reported $0.28 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.28. The firm had revenue of $203.61 million for the quarter, compared to the consensus estimate of $208.24 million. Air Transport Services Group had a net margin of 10.44% and a return on equity of 20.53%. The business’s revenue for the quarter was down 19.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.21 EPS.

A number of equities analysts have issued reports on the stock. BidaskClub raised shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a report on Thursday. ValuEngine downgraded shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 29th. Zacks Investment Research downgraded shares of Air Transport Services Group from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Susquehanna Bancshares set a $23.00 price objective on shares of Air Transport Services Group and gave the stock a “hold” rating in a report on Wednesday, August 8th. Finally, Cowen cut their price objective on shares of Air Transport Services Group from $30.00 to $28.00 and set an “outperform” rating on the stock in a report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $26.17.

ATSG opened at $22.09 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.91 and a debt-to-equity ratio of 1.16. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 18.94 and a beta of 1.87. Air Transport Services Group has a 1 year low of $19.17 and a 1 year high of $27.67.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TCW Group Inc. raised its stake in shares of Air Transport Services Group by 1.0% during the 1st quarter. TCW Group Inc. now owns 231,663 shares of the transportation company’s stock worth $5,402,000 after purchasing an additional 2,300 shares during the period. Rhumbline Advisers raised its stake in shares of Air Transport Services Group by 4.8% during the 2nd quarter. Rhumbline Advisers now owns 59,369 shares of the transportation company’s stock worth $1,341,000 after purchasing an additional 2,710 shares during the period. Tygh Capital Management Inc. raised its stake in shares of Air Transport Services Group by 0.8% during the 2nd quarter. Tygh Capital Management Inc. now owns 386,959 shares of the transportation company’s stock worth $8,741,000 after purchasing an additional 2,965 shares during the period. Globeflex Capital L P raised its stake in shares of Air Transport Services Group by 7.9% during the 2nd quarter. Globeflex Capital L P now owns 57,200 shares of the transportation company’s stock worth $1,292,000 after purchasing an additional 4,200 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of Air Transport Services Group by 8.9% during the 1st quarter. Wells Fargo & Company MN now owns 60,179 shares of the transportation company’s stock worth $1,404,000 after purchasing an additional 4,926 shares during the period. Institutional investors own 88.30% 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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