Air Transport Services Group (ATSG) Scheduled to Post Quarterly Earnings on Monday

Air Transport Services Group (NASDAQ:ATSG) will announce its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.13 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings data on Monday, February 26th. The transportation company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.11). Air Transport Services Group had a net margin of 2.91% and a return on equity of 7.93%. The firm had revenue of $517.04 million during the quarter, compared to analyst estimates of $521.04 million. On average, analysts expect Air Transport Services Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Air Transport Services Group Price Performance

Shares of NASDAQ:ATSG opened at $12.91 on Monday. The company’s fifty day moving average price is $12.93 and its 200 day moving average price is $15.37. Air Transport Services Group has a 12 month low of $11.62 and a 12 month high of $24.96. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.86 and a quick ratio of 0.74. The firm has a market capitalization of $847.93 million, a P/E ratio of 17.21 and a beta of 0.85.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ATSG shares. Truist Financial cut their price target on shares of Air Transport Services Group from $20.00 to $14.00 and set a “hold” rating on the stock in a research note on Friday, April 19th. StockNews.com downgraded shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a research report on Tuesday, March 26th. Finally, Susquehanna lowered their price objective on shares of Air Transport Services Group from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $23.33.

About Air Transport Services Group

Air Transport Services Group, Inc, together with its subsidiaries, provides aircraft leasing, and air cargo transportation and related services in the United States and internationally. It operates in two segments, Cargo Aircraft Management Inc (CAM) and ACMI Services. The company offers aircraft, flight crews, aircraft hull and liability insurance, and aviation fuel services; and aircraft maintenance and modification services, including airframe modification and heavy maintenance, component repairs, engineering services, and aircraft line maintenance.