Air Transport Services Group (ATSG) Earning Somewhat Positive Media Coverage, Accern Reports
Headlines about Air Transport Services Group (NASDAQ:ATSG) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Air Transport Services Group earned a news impact score of 0.09 on Accern’s scale. Accern also gave news stories about the transportation company an impact score of 47.5351478749952 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have impacted Accern’s analysis:
- 321 Precision Conversions Announce Vallair as Launch Customer … – Business Wire (press release) (businesswire.com)
- W Joseph Payne Sells 7,500 Shares of Air Transport Services Group, Inc (ATSG) Stock (americanbankingnews.com)
- Priming the Pump: Air Transport Services Group, Inc. (NasdaqGS:ATSG) Earnings Yield in Focus – Akron Register (akronregister.com)
- Air Transport Services Group, Inc (ATSG) Expected to Announce Quarterly Sales of $255.82 Million (americanbankingnews.com)
Shares of Air Transport Services Group (ATSG) traded down 2.20% during trading on Thursday, reaching $24.44. 602,905 shares of the company’s stock were exchanged. Air Transport Services Group has a 52 week low of $12.94 and a 52 week high of $25.91. The stock’s market capitalization is $1.44 billion. The company’s 50-day moving average is $23.24 and its 200 day moving average is $21.71.
Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings data on Monday, August 7th. The transportation company reported $0.21 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $235.69 million. During the same period in the previous year, the business earned $0.13 earnings per share. The company’s revenue was up 43.4% on a year-over-year basis. On average, analysts forecast that Air Transport Services Group will post $0.86 earnings per share for the current year.
Several research analysts recently issued reports on the stock. Stifel Nicolaus restated a “hold” rating and set a $20.00 price target 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 issued a “neutral” rating and a $22.00 target price on the stock. BidaskClub lowered shares of Air Transport Services Group from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Cowen and Company restated an “outperform” rating and set a $27.00 price target (up from $25.00) on shares of Air Transport Services Group in a research report on Thursday, August 10th. Finally, Zacks Investment Research lowered shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $23.13.
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In other Air Transport Services Group news, Director Richard M. Baudouin sold 8,100 shares of Air Transport Services Group stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $21.71, for a total transaction of $175,851.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider W Joseph Payne sold 5,000 shares of Air Transport Services Group stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $24.52, for a total value of $122,600.00. Following the transaction, the insider now directly owns 185,452 shares in the company, valued at approximately $4,547,283.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,600 shares of company stock worth $479,951. Corporate insiders own 2.20% of the company’s stock.
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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