$0.35 EPS Expected for Air Transport Services Group Inc. (ATSG) This Quarter

Wall Street brokerages expect that Air Transport Services Group Inc. (NASDAQ:ATSG) will post earnings of $0.35 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Air Transport Services Group’s earnings. The highest EPS estimate is $0.41 and the lowest is $0.31. Air Transport Services Group reported earnings of $0.30 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 16.7%. The company is expected to announce its next earnings results on Tuesday, February 26th.

On average, analysts expect that Air Transport Services Group will report full year earnings of $1.32 per share for the current fiscal year, with EPS estimates ranging from $1.25 to $1.43. For the next year, analysts expect that the company will post earnings of $1.76 per share, with EPS estimates ranging from $1.50 to $2.10. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that cover Air Transport Services Group.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings results on Friday, November 2nd. The transportation company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The company had revenue of $204.90 million during the quarter, compared to analyst estimates of $209.60 million. Air Transport Services Group had a net margin of 18.06% and a return on equity of 19.89%. The business’s revenue for the quarter was down 19.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.22 EPS.

A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of Air Transport Services Group from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Thursday, October 18th. Stifel Nicolaus reissued a “buy” rating and issued a $24.00 price target (down previously from $26.00) on shares of Air Transport Services Group in a report on Wednesday, August 8th. Imperial Capital lowered their price target on shares of Air Transport Services Group from $25.00 to $19.00 and set an “outperform” rating for the company in a report on Tuesday. ValuEngine raised shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. Finally, BidaskClub lowered shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 29th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. Air Transport Services Group presently has a consensus rating of “Hold” and a consensus price target of $25.50.

A number of hedge funds have recently made changes to their positions in ATSG. Wells Fargo & Company MN boosted its stake in Air Transport Services Group by 8.9% in the first quarter. Wells Fargo & Company MN now owns 60,179 shares of the transportation company’s stock valued at $1,404,000 after acquiring an additional 4,926 shares during the last quarter. Royal Bank of Canada boosted its stake in Air Transport Services Group by 344.1% in the first quarter. Royal Bank of Canada now owns 48,572 shares of the transportation company’s stock valued at $1,133,000 after acquiring an additional 37,634 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in Air Transport Services Group by 26.7% in the first quarter. Allianz Asset Management GmbH now owns 721,706 shares of the transportation company’s stock valued at $16,830,000 after acquiring an additional 152,227 shares during the last quarter. SG Capital Management LLC bought a new position in Air Transport Services Group in the second quarter valued at approximately $7,701,000. Finally, Bank of Montreal Can bought a new position in Air Transport Services Group in the second quarter valued at approximately $2,046,000. 87.30% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Air Transport Services Group stock traded down $0.44 during midday trading on Friday, reaching $19.53. The company had a trading volume of 671 shares, compared to its average volume of 395,486. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.02 and a quick ratio of 0.91. The firm has a market cap of $1.13 billion, a P/E ratio of 21.83 and a beta of 1.85. Air Transport Services Group has a 1-year low of $17.67 and a 1-year high of $27.67.

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.

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

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