Analysts predict that Air Transport Services Group Inc. (NASDAQ:ATSG) will post earnings of $0.32 per share for the current quarter, according to Zacks. Three analysts have made estimates for Air Transport Services Group’s earnings. The highest EPS estimate is $0.35 and the lowest is $0.30. Air Transport Services Group reported earnings per share of $0.22 during the same quarter last year, which suggests a positive year over year growth rate of 45.5%. The company is expected to issue its next quarterly earnings report on Monday, November 5th.

On average, analysts expect that Air Transport Services Group will report full-year earnings of $1.34 per share for the current year, with EPS estimates ranging from $1.25 to $1.43. For the next financial year, analysts expect that the company will post earnings of $1.48 per share, with EPS estimates ranging from $1.38 to $1.53. Zacks Investment Research’s EPS 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 results on Monday, August 6th. The transportation company reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. Air Transport Services Group had a return on equity of 20.53% and a net margin of 10.44%. The business had revenue of $203.61 million for the quarter, compared to analyst estimates of $208.24 million. During the same period last year, the company earned $0.21 EPS. Air Transport Services Group’s revenue for the quarter was down 19.6% compared to the same quarter last year.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Air Transport Services Group from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Tuesday, October 9th. Imperial Capital raised their price target on Air Transport Services Group from $22.00 to $25.00 and gave the stock an “in-line” rating in a research report on Friday, October 5th. ValuEngine upgraded Air Transport Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 3rd. BidaskClub upgraded Air Transport Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 13th. Finally, Susquehanna Bancshares set a $23.00 price objective on Air Transport Services Group and gave the stock a “hold” rating in a report on Wednesday, August 8th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Air Transport Services Group presently has a consensus rating of “Buy” and an average target price of $26.17.

ATSG traded up $0.10 on Monday, hitting $20.98. 216,449 shares of the company were exchanged, compared to its average volume of 430,014. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.06 and a quick ratio of 0.91. Air Transport Services Group has a 12 month low of $19.17 and a 12 month high of $27.67. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 23.31 and a beta of 1.81.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ATSG. BlackRock Inc. lifted its holdings in Air Transport Services Group by 12.3% in the 2nd quarter. BlackRock Inc. now owns 3,784,017 shares of the transportation company’s stock worth $85,481,000 after buying an additional 413,118 shares during the period. SG Capital Management LLC purchased a new stake in Air Transport Services Group in the 2nd quarter worth approximately $7,701,000. Millennium Management LLC lifted its stake in shares of Air Transport Services Group by 299.4% in the 1st quarter. Millennium Management LLC now owns 449,870 shares of the transportation company’s stock valued at $10,491,000 after purchasing an additional 337,224 shares during the period. Private Capital Management LLC lifted its stake in shares of Air Transport Services Group by 26.9% in the 2nd quarter. Private Capital Management LLC now owns 1,215,399 shares of the transportation company’s stock valued at $27,456,000 after purchasing an additional 257,940 shares during the period. Finally, Emerald Advisers Inc. PA lifted its stake in shares of Air Transport Services Group by 38.4% in the 2nd quarter. Emerald Advisers Inc. PA now owns 737,670 shares of the transportation company’s stock valued at $16,664,000 after purchasing an additional 204,647 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

About Air Transport Services Group

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.

Featured Article: The risks of owning bonds

Get a free copy of the Zacks research report on Air Transport Services Group (ATSG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Air Transport Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Transport Services Group and related companies with MarketBeat.com's FREE daily email newsletter.