$0.52 Earnings Per Share Expected for Air Transport Services Group, Inc. (NASDAQ:ATSG) This Quarter

Wall Street brokerages expect Air Transport Services Group, Inc. (NASDAQ:ATSG) to announce earnings per share of $0.52 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Air Transport Services Group’s earnings. The highest EPS estimate is $0.55 and the lowest is $0.50. Air Transport Services Group posted earnings per share of $0.38 during the same quarter last year, which would suggest a positive year over year growth rate of 36.8%. The firm is scheduled to report its next earnings results on Thursday, February 24th.

On average, analysts expect that Air Transport Services Group will report full year earnings of $1.67 per share for the current financial year, with EPS estimates ranging from $1.63 to $1.70. For the next year, analysts expect that the business will post earnings of $1.84 per share, with EPS estimates ranging from $1.77 to $1.90. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Air Transport Services Group.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings results on Thursday, November 4th. The transportation company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.14. The business had revenue of $465.96 million during the quarter, compared to analyst estimates of $437.37 million. Air Transport Services Group had a return on equity of 11.74% and a net margin of 11.63%. Air Transport Services Group’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 EPS.

Separately, TheStreet raised Air Transport Services Group from a “c” rating to a “b-” rating in a research report on Friday, August 6th.

Several institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its position in shares of Air Transport Services Group by 16.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,962 shares of the transportation company’s stock valued at $69,000 after purchasing an additional 420 shares during the last quarter. RE Advisers Corp increased its position in shares of Air Transport Services Group by 149.5% during the 3rd quarter. RE Advisers Corp now owns 1,038 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 622 shares during the last quarter. Phocas Financial Corp. increased its position in shares of Air Transport Services Group by 0.5% during the 3rd quarter. Phocas Financial Corp. now owns 197,221 shares of the transportation company’s stock valued at $5,090,000 after purchasing an additional 974 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Air Transport Services Group by 125.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,800 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Equitable Trust Co. increased its position in shares of Air Transport Services Group by 6.4% during the 2nd quarter. Equitable Trust Co. now owns 20,577 shares of the transportation company’s stock valued at $478,000 after purchasing an additional 1,230 shares during the last quarter. 93.94% of the stock is owned by hedge funds and other institutional investors.

NASDAQ ATSG traded up $0.06 on Thursday, reaching $28.14. The company had a trading volume of 232,890 shares, compared to its average volume of 485,170. The stock has a market capitalization of $2.09 billion, a P/E ratio of 13.15 and a beta of 0.55. The company’s fifty day moving average is $25.96 and its 200 day moving average is $25.20. Air Transport Services Group has a 52-week low of $21.42 and a 52-week high of $32.43. The company has a quick ratio of 0.92, a current ratio of 1.09 and a debt-to-equity ratio of 1.16.

About Air Transport Services Group

Air Transport Services Group, Inc engages in the provision of airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. It operates through the CAM and ACMI Services segments. The CAM segment consists of the company’s aircraft leasing operations.

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

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