Equities analysts predict that Air Transport Services Group, Inc (NASDAQ:ATSG) will announce earnings of $0.21 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Air Transport Services Group’s earnings, with the highest EPS estimate coming in at $0.23 and the lowest estimate coming in at $0.20. Air Transport Services Group reported earnings of $0.14 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 50%. The business is scheduled to issue its next quarterly earnings results on Thursday, November 2nd.

According to Zacks, analysts expect that Air Transport Services Group will report full year earnings of $0.86 per share for the current year, with EPS estimates ranging from $0.85 to $0.90. For the next year, analysts expect that the firm will report earnings of $1.11 per share, with EPS estimates ranging from $1.05 to $1.20. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Air Transport Services Group.

Air Transport Services Group (NASDAQ:ATSG) last released its earnings results on Monday, August 7th. The transportation company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The firm had revenue of $253.21 million during the quarter, compared to the consensus estimate of $235.69 million. Air Transport Services Group had a positive return on equity of 14.27% and a negative net margin of 4.42%. The firm’s revenue for the quarter was up 43.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 earnings per share.

A number of analysts recently weighed in on the stock. Susquehanna Bancshares Inc assumed coverage on shares of Air Transport Services Group in a report on Thursday, August 17th. They issued a “neutral” rating and a $22.00 price target for the company. BidaskClub lowered shares of Air Transport Services Group from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Cowen and Company reissued an “outperform” rating and issued a $27.00 price target (up previously from $25.00) on shares of Air Transport Services Group in a report on Thursday, August 10th. Zacks Investment Research lowered shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, TheStreet lowered shares of Air Transport Services Group from a “b+” rating to a “c+” rating in a report on Monday, August 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $23.13.

Air Transport Services Group (NASDAQ:ATSG) traded down 0.30% during midday trading on Friday, reaching $23.43. The company’s stock had a trading volume of 63,311 shares. The stock’s market capitalization is $1.39 billion. The firm has a 50-day moving average price of $23.16 and a 200 day moving average price of $20.71. Air Transport Services Group has a 52-week low of $12.94 and a 52-week high of $25.75.

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In other Air Transport Services Group news, VP Matthew E. Fedders sold 4,102 shares of the firm’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $22.24, for a total value of $91,228.48. Following the transaction, the vice president now directly owns 24,842 shares of the company’s stock, valued at $552,486.08. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard M. Baudouin sold 8,100 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $21.71, for a total transaction of $175,851.00. The disclosure for this sale can be found here. In the last three months, insiders sold 17,202 shares of company stock valued at $389,679. 2.20% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. boosted its stake in Air Transport Services Group by 18.2% in the first quarter. Victory Capital Management Inc. now owns 6,887 shares of the transportation company’s stock valued at $111,000 after acquiring an additional 1,058 shares during the last quarter. Advisor Group Inc. boosted its stake in Air Transport Services Group by 21.4% in the second quarter. Advisor Group Inc. now owns 6,895 shares of the transportation company’s stock valued at $150,000 after acquiring an additional 1,217 shares during the last quarter. Pacad Investment Ltd. bought a new position in Air Transport Services Group in the second quarter valued at approximately $168,000. First Mercantile Trust Co. bought a new position in Air Transport Services Group in the second quarter valued at approximately $169,000. Finally, SG Americas Securities LLC boosted its stake in Air Transport Services Group by 17.1% in the first quarter. SG Americas Securities LLC now owns 11,196 shares of the transportation company’s stock valued at $180,000 after acquiring an additional 1,632 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

About Air Transport Services Group

Air Transport Services Group, Inc (ATSG) is a holding company. The Company provides airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. It offers aircraft, crew, maintenance and insurance (ACMI) for specified cargo operations.

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

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