Equities research analysts predict that Air Transport Services Group Inc. (NASDAQ:ATSG) will report sales of $306.01 million for the current quarter, according to Zacks. Three analysts have made estimates for Air Transport Services Group’s earnings, with the highest sales estimate coming in at $327.50 million and the lowest estimate coming in at $273.01 million. Air Transport Services Group reported sales of $203.04 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 50.7%. The firm is expected to announce its next earnings report on Monday, May 6th.

On average, analysts expect that Air Transport Services Group will report full year sales of $1.31 billion for the current year, with estimates ranging from $1.21 billion to $1.36 billion. For the next financial year, analysts expect that the business will post sales of $1.47 billion, with estimates ranging from $1.45 billion to $1.49 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Air Transport Services Group.

Air Transport Services Group (NASDAQ:ATSG) last posted its earnings results on Wednesday, February 27th. The transportation company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. Air Transport Services Group had a return on equity of 20.19% and a net margin of 7.76%. The firm had revenue of $280.78 million for the quarter, compared to analysts’ expectations of $228.42 million. During the same period last year, the firm earned $0.30 EPS. The firm’s revenue was down 13.1% compared to the same quarter last year.

Several analysts recently commented on ATSG shares. Imperial Capital raised their target price on Air Transport Services Group from $27.00 to $31.00 and gave the company an “outperform” rating in a research report on Thursday, January 31st. Seaport Global Securities set a $30.00 price target on shares of Air Transport Services Group and gave the stock a “buy” rating in a research note on Wednesday, January 2nd. BidaskClub raised shares of Air Transport Services Group from a “hold” rating to a “buy” rating in a research note on Friday, January 4th. ValuEngine raised shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a research note on Thursday, December 27th. Finally, Zacks Investment Research lowered shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a research note on Wednesday, February 20th. Three equities research analysts have rated the stock with a sell rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $27.83.

In other Air Transport Services Group news, Director Robert K. Coretz bought 25,000 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was acquired at an average cost of $20.05 per share, with a total value of $501,250.00. Following the completion of the purchase, the director now directly owns 100,000 shares in the company, valued at $2,005,000. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jeffrey C. Crippen bought 5,700 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were acquired at an average cost of $20.58 per share, with a total value of $117,306.00. Following the completion of the purchase, the insider now owns 36,700 shares of the company’s stock, valued at $755,286. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 38,275 shares of company stock valued at $778,477. Company insiders own 2.10% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in ATSG. River Road Asset Management LLC lifted its stake in Air Transport Services Group by 113.4% during the fourth quarter. River Road Asset Management LLC now owns 2,305,364 shares of the transportation company’s stock valued at $52,585,000 after purchasing an additional 1,225,151 shares during the last quarter. Moab Capital Partners LLC lifted its stake in Air Transport Services Group by 45.6% during the fourth quarter. Moab Capital Partners LLC now owns 2,053,356 shares of the transportation company’s stock valued at $46,837,000 after purchasing an additional 643,279 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Air Transport Services Group by 22.4% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,031,138 shares of the transportation company’s stock valued at $69,140,000 after purchasing an additional 555,498 shares during the last quarter. Raymond James & Associates lifted its stake in Air Transport Services Group by 209.9% during the fourth quarter. Raymond James & Associates now owns 507,670 shares of the transportation company’s stock valued at $11,580,000 after purchasing an additional 343,833 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Air Transport Services Group during the third quarter valued at approximately $6,092,000. 89.18% of the stock is owned by institutional investors and hedge funds.

ATSG opened at $22.05 on Friday. Air Transport Services Group has a 12 month low of $17.06 and a 12 month high of $25.82. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.98 and a current ratio of 1.13. The company has a market capitalization of $1.31 billion, a P/E ratio of 17.64 and a beta of 0.96.

Air Transport Services Group Company Profile

Air Transport Services Group, Inc, through its subsidiaries, operates in the airfreight and logistics industry. The company owns and leases cargo aircraft to airlines and other customers. It also provides airline operations to delivery companies, airlines, freight forwarders, and the U.S. Military, as well as operates charter agreements.

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

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