Analysts Anticipate Air Transport Services Group Inc. (ATSG) Will Announce Quarterly Sales of $270.16 Million

Analysts expect that Air Transport Services Group Inc. (NASDAQ:ATSG) will post $270.16 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued 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 company is scheduled to issue its next quarterly 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 year, with estimates ranging from $1.00 billion to $1.04 billion. For the next year, analysts anticipate that the firm will report sales of $1.19 billion per share, with estimates ranging from $1.18 billion to $1.22 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Air Transport Services Group.

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

A number of research analysts have weighed in on ATSG shares. Zacks Investment Research upgraded Air Transport Services Group from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Tuesday, January 9th. Stifel Nicolaus restated a “hold” rating and issued a $22.00 price objective (up previously from $20.00) on shares of Air Transport Services Group in a report on Tuesday, November 7th. BidaskClub upgraded Air Transport Services Group from a “hold” rating to a “buy” rating in a report on Tuesday, January 9th. Stephens restated an “overweight” rating and issued a $29.00 price objective (up previously from $27.00) on shares of Air Transport Services Group in a report on Tuesday, November 7th. Finally, ValuEngine lowered Air Transport Services Group from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $25.57.

Shares of Air Transport Services Group (NASDAQ:ATSG) traded up $0.30 during mid-day trading on Tuesday, reaching $24.59. The company’s stock had a trading volume of 316,200 shares, compared to its average volume of 587,122. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 1.62. The stock has a market cap of $1,453.79, a price-to-earnings ratio of -18.77 and a beta of 1.97. Air Transport Services Group has a 12 month low of $14.97 and a 12 month high of $26.75.

In other news, Director Joseph Edward Roux sold 10,012 shares of Air Transport Services Group stock in a transaction on Monday, November 13th. The stock was sold at an average price of $23.61, for a total transaction of $236,383.32. Following the transaction, the director now owns 27,862 shares in the company, valued at approximately $657,821.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Quint O. Turner sold 7,500 shares of Air Transport Services Group stock in a transaction on Monday, January 8th. The stock was sold at an average price of $24.60, for a total value of $184,500.00. Following the transaction, the chief financial officer now owns 247,573 shares in the company, valued at approximately $6,090,295.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,512 shares of company stock worth $776,023. Insiders own 2.20% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisor Group Inc. raised its holdings 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 worth $150,000 after acquiring an additional 1,217 shares during the period. SG Americas Securities LLC purchased a new stake in Air Transport Services Group in the 3rd quarter valued at about $258,000. Prudential Financial Inc. purchased a new stake in Air Transport Services Group in the 3rd quarter valued at about $262,000. Bayesian Capital Management LP purchased a new stake in Air Transport Services Group in the 2nd quarter valued at about $263,000. Finally, Legal & General Group Plc raised its holdings in Air Transport Services Group by 4.3% in the 2nd quarter. Legal & General Group Plc now owns 12,353 shares of the transportation company’s stock valued at $269,000 after buying an additional 510 shares during the period. Institutional investors and hedge funds own 90.47% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was first published by American Banking News and is the property of of American Banking News. If you are viewing this report on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://www.americanbankingnews.com/2018/01/16/analysts-anticipate-air-transport-services-group-inc-atsg-will-announce-quarterly-sales-of-270-16-million.html.

Air Transport Services Group Company Profile

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.

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

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

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