Wall Street brokerages predict that Air Transport Services Group, Inc (NASDAQ:ATSG) will announce $270.16 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Air Transport Services Group’s earnings, with the lowest sales estimate coming in at $257.21 million and the highest estimate coming in at $290.00 million. Air Transport Services Group reported sales of $221.68 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 21.9%. The firm is expected to report its next earnings results on Monday, March 5th.

According to Zacks, analysts expect that Air Transport Services Group will report full-year sales of $270.16 million for the current fiscal year, with estimates ranging from $1.00 billion to $1.04 billion. For the next year, analysts forecast that the firm will report sales of $1.19 billion per share, with estimates ranging from $1.18 billion to $1.22 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Air Transport Services Group.

Air Transport Services Group (NASDAQ:ATSG) last issued its earnings results on Monday, November 6th. The transportation company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. Air Transport Services Group had a positive return on equity of 16.62% and a negative net margin of 7.77%. The business had revenue of $254.10 million during the quarter, compared to analyst estimates of $256.13 million. During the same period in the previous year, the company posted $0.14 EPS. The firm’s revenue was up 31.5% compared to the same quarter last year.

A number of analysts recently commented on ATSG shares. BidaskClub raised Air Transport Services Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Cowen Inc set a $27.00 target price on Air Transport Services Group and gave the company a “buy” rating in a research report on Friday, October 13th. TheStreet lowered Air Transport Services Group from a “b+” rating to a “c+” rating in a research report on Monday, August 7th. 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 Friday, August 4th. Finally, Zacks Investment Research raised Air Transport Services Group from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $24.25.

Shares of Air Transport Services Group (NASDAQ:ATSG) opened at $23.61 on Friday. Air Transport Services Group has a 12-month low of $14.97 and a 12-month high of $26.75. The company has a market capitalization of $1,387.57, a PE ratio of 29.71 and a beta of 2.00. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.97 and a quick ratio of 0.87.

In other Air Transport Services Group news, insider W Joseph Payne sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was 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 directly owns 177,952 shares of the company’s stock, valued at approximately $4,306,438.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph Edward Roux sold 10,012 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $23.61, for a total value of $236,383.32. Following the sale, the director now directly owns 27,862 shares of the company’s stock, valued at $657,821.82. The disclosure for this sale can be found here. Insiders have sold a total of 25,612 shares of company stock valued at $593,734 over the last three months. Corporate insiders own 2.20% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of ATSG. Victory Capital Management Inc. increased its holdings in Air Transport Services Group by 16,471.6% during the 2nd quarter. Victory Capital Management Inc. now owns 1,141,285 shares of the transportation company’s stock worth $24,857,000 after purchasing an additional 1,134,398 shares in the last quarter. Hodges Capital Management Inc. bought a new stake in Air Transport Services Group during the 2nd quarter worth approximately $14,497,000. Emerald Advisers Inc. PA bought a new stake in Air Transport Services Group during the 3rd quarter worth approximately $10,783,000. Rice Hall James & Associates LLC increased its holdings in Air Transport Services Group by 271.8% during the 3rd quarter. Rice Hall James & Associates LLC now owns 575,088 shares of the transportation company’s stock worth $13,998,000 after purchasing an additional 420,399 shares in the last quarter. Finally, Castleark Management LLC bought a new stake in Air Transport Services Group during the 2nd quarter worth approximately $8,242,000. 89.24% of the stock is owned by hedge funds and other institutional investors.

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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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