Wall Street analysts forecast that Air Transport Services Group, Inc (NASDAQ:ATSG) will announce sales of $255.82 million for the current quarter, Zacks reports. Three analysts have provided estimates for Air Transport Services Group’s earnings. The highest sales estimate is $269.00 million and the lowest is $236.83 million. Air Transport Services Group posted sales of $193.26 million during the same quarter last year, which suggests a positive year-over-year growth rate of 32.4%. The firm is expected to announce its next quarterly earnings report after the market closes on Monday, November 6th.

According to Zacks, analysts expect that Air Transport Services Group will report full year sales of $255.82 million for the current financial year, with estimates ranging from $984.88 million to $1.06 billion. For the next financial year, analysts expect that the business will post sales of $1.22 billion per share, with estimates ranging from $1.20 billion to $1.23 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Air Transport Services Group.

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

A number of research firms have commented on ATSG. Zacks Investment Research raised shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. Cowen and Company set a $27.00 target price on shares of Air Transport Services Group and gave the stock a “buy” rating in a research report on Friday, October 13th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 target price on shares of Air Transport Services Group in a research report on Tuesday, September 12th. Susquehanna Bancshares Inc assumed coverage on shares of Air Transport Services Group in a research report on Thursday, August 17th. They set a “neutral” rating and a $22.00 price objective for the company. Finally, BidaskClub downgraded shares of Air Transport Services Group from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $23.13.

In other news, insider W Joseph Payne sold 7,500 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $24.20, for a total transaction of $181,500.00. Following the completion of the sale, the insider now owns 177,952 shares of the company’s stock, valued at approximately $4,306,438.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard M. Baudouin sold 8,100 shares of the business’s stock in a transaction 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. Insiders own 2.20% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Inc. lifted its stake in shares of Air Transport Services Group by 21.4% during the 2nd quarter. Advisor Group Inc. now owns 6,895 shares of the transportation company’s stock valued at $150,000 after buying an additional 1,217 shares in the last quarter. Pacad Investment Ltd. purchased a new position in shares of Air Transport Services Group during the 2nd quarter valued at $168,000. First Mercantile Trust Co. purchased a new position in shares of Air Transport Services Group during the 2nd quarter valued at $169,000. Prudential Financial Inc. purchased a new position in shares of Air Transport Services Group during the 3rd quarter valued at $262,000. Finally, Bayesian Capital Management LP purchased a new position in shares of Air Transport Services Group during the 2nd quarter valued at $263,000. Institutional investors own 91.92% of the company’s stock.

Shares of Air Transport Services Group (ATSG) opened at $24.49 on Monday. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.11 and a quick ratio of 1.01. Air Transport Services Group has a 1 year low of $12.97 and a 1 year high of $25.91. The company has a market cap of $1,447.93, a P/E ratio of 34.49 and a beta of 2.00.

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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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