Air Transport Services Group Inc. (ATSG) Expected to Earn Q3 2018 Earnings of $0.32 Per Share

Air Transport Services Group Inc. (NASDAQ:ATSG) – Equities researchers at Imperial Capital boosted their Q3 2018 earnings estimates for shares of Air Transport Services Group in a report issued on Thursday, May 17th. Imperial Capital analyst M. Derchin now forecasts that the transportation company will earn $0.32 per share for the quarter, up from their prior forecast of $0.31. Imperial Capital has a “line” rating and a $24.00 price objective on the stock.

A number of other equities research analysts have also weighed in on ATSG. BidaskClub raised Air Transport Services Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 25th. Cowen boosted their price target on Air Transport Services Group from $27.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. ValuEngine upgraded Air Transport Services Group from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. TheStreet upgraded Air Transport Services Group from a “c” rating to a “b” rating in a report on Wednesday, February 28th. Finally, Susquehanna Bancshares set a $27.00 price target on Air Transport Services Group and gave the company a “hold” rating in a report on Friday, March 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Air Transport Services Group currently has a consensus rating of “Hold” and an average price target of $27.00.

Air Transport Services Group opened at $21.62 on Friday, according to Marketbeat.com. Air Transport Services Group has a 1-year low of $21.81 and a 1-year high of $21.99. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.12 and a quick ratio of 0.99. The stock has a market capitalization of $1.28 billion, a PE ratio of 20.13 and a beta of 1.85.

Air Transport Services Group (NASDAQ:ATSG) last released its earnings results on Tuesday, May 8th. The transportation company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.13. Air Transport Services Group had a return on equity of 21.26% and a net margin of 2.36%. The company had revenue of $257.40 million during the quarter, compared to analyst estimates of $244.15 million. During the same quarter in the previous year, the company posted $0.17 EPS. Air Transport Services Group’s revenue for the quarter was up 8.2% on a year-over-year basis.

Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in shares of Air Transport Services Group during the 1st quarter worth approximately $147,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Air Transport Services Group by 73.2% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,799 shares of the transportation company’s stock worth $181,000 after acquiring an additional 3,295 shares during the period. Quantitative Systematic Strategies LLC purchased a new position in shares of Air Transport Services Group during the 1st quarter worth approximately $215,000. Bluestein R H & Co. purchased a new position in shares of Air Transport Services Group during the 1st quarter worth approximately $233,000. Finally, Paloma Partners Management Co purchased a new position in shares of Air Transport Services Group during the 4th quarter worth approximately $253,000. Hedge funds and other institutional investors own 86.39% of the company’s stock.

In related news, CFO Quint O. Turner sold 3,500 shares of the business’s stock in a transaction dated Monday, April 9th. The stock was sold at an average price of $22.64, for a total transaction of $79,240.00. Following the transaction, the chief financial officer now owns 243,874 shares in the company, valued at approximately $5,521,307.36. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider W Joseph Payne sold 7,500 shares of the business’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $26.09, for a total value of $195,675.00. Following the transaction, the insider now owns 155,060 shares in the company, valued at approximately $4,045,515.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,739 shares of company stock worth $763,097. 2.10% of the stock is owned by company insiders.

Air Transport Services Group declared that its board has authorized a share repurchase program on Tuesday, February 27th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the transportation company to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its shares are undervalued.

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.

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

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