Brokerages Anticipate Air Transport Services Group Inc. (ATSG) to Announce $0.34 Earnings Per Share

Analysts expect that Air Transport Services Group Inc. (NASDAQ:ATSG) will post earnings per share of $0.34 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Air Transport Services Group’s earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at $0.31. Air Transport Services Group reported earnings of $0.30 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 13.3%. The firm is scheduled to issue its next earnings results on Tuesday, February 26th.

According to Zacks, analysts expect that Air Transport Services Group will report full year earnings of $1.29 per share for the current year, with EPS estimates ranging from $1.25 to $1.32. For the next fiscal year, analysts forecast that the firm will report earnings of $1.82 per share, with EPS estimates ranging from $1.50 to $2.03. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Air Transport Services Group.

Air Transport Services Group (NASDAQ:ATSG) last released its earnings results on Friday, November 2nd. The transportation company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). The company had revenue of $204.90 million for 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 firm’s quarterly revenue was down 19.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.22 EPS.

A number of research firms have issued reports on ATSG. Stifel Nicolaus set a $27.00 target price on shares of Air Transport Services Group and gave the company a “buy” rating in a research note on Monday, October 15th. Seaport Global Securities set a $30.00 target price on shares of Air Transport Services Group and gave the company a “buy” rating in a research note on Wednesday, January 2nd. Zacks Investment Research upgraded shares of Air Transport Services Group from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Thursday, October 18th. ValuEngine upgraded shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 3rd. Finally, BidaskClub raised shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a research report on Friday, December 21st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $26.50.

Large investors have recently added to or reduced their stakes in the company. Creative Planning bought a new position in shares of Air Transport Services Group in the third quarter valued at approximately $258,000. MetLife Investment Advisors LLC raised its position in shares of Air Transport Services Group by 55.2% in the third quarter. MetLife Investment Advisors LLC now owns 42,742 shares of the transportation company’s stock valued at $918,000 after purchasing an additional 15,204 shares during the period. Equitable Trust Co. raised its position in shares of Air Transport Services Group by 65.7% in the third quarter. Equitable Trust Co. now owns 50,132 shares of the transportation company’s stock valued at $1,076,000 after purchasing an additional 19,882 shares during the period. Commonwealth Equity Services LLC bought a new position in shares of Air Transport Services Group in the third quarter valued at approximately $1,242,000. Finally, Bank of Montreal Can raised its position in shares of Air Transport Services Group by 11.0% in the third quarter. Bank of Montreal Can now owns 100,583 shares of the transportation company’s stock valued at $2,160,000 after purchasing an additional 9,987 shares during the period. 87.72% of the stock is currently owned by institutional investors.

Shares of ATSG stock traded down $0.21 during trading on Thursday, hitting $24.00. 5,716 shares of the company were exchanged, compared to its average volume of 447,520. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.88 and a current ratio of 1.02. The stock has a market cap of $1.43 billion, a P/E ratio of 26.66 and a beta of 1.17. Air Transport Services Group has a twelve month low of $17.06 and a twelve month 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.

Read More: Bollinger Bands

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

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.

Leave a Reply