Air Transport Services Group (ATSG) Announces Quarterly Results
Air Transport Services Group (NASDAQ:ATSG) released its earnings data on Wednesday. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.11 by $0.01, American Banking News.com reports. The company had revenue of $143.59 million for the quarter, compared to the consensus estimate of $148.95 million. The company’s quarterly revenue was up .2% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at RBC Capital initiated coverage on shares of Air Transport Services Group in a research note on Monday, March 10th. They set an “outperform” rating on the stock. Analysts at Cowen and Company upgraded shares of Air Transport Services Group from a “market perform” rating to an “outperform” rating in a research note on Monday, March 10th. They now have a $8.50 price target on the stock, up previously from $6.50.
Shares of Air Transport Services Group (NASDAQ:ATSG) opened at 7.66 on Wednesday. Air Transport Services Group has a 52-week low of $5.61 and a 52-week high of $8.20. The stock has a 50-day moving average of $7.78 and a 200-day moving average of $7.33. The company’s market cap is $495.2 million.
Air Transport Services Group, Inc (NASDAQ:ATSG) provides airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries.
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