Air Transport Services Group (ATSG) Earns News Sentiment Rating of 0.20
Press coverage about Air Transport Services Group (NASDAQ:ATSG) has trended somewhat positive on Monday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news 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 media sentiment score of 0.20 on Accern’s scale. Accern also gave news stories about the transportation company an impact score of 46.4587186399064 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- Air Transport Services Group Reaches Analyst Target Price (nasdaq.com)
- Air Transport Services Group, Inc (ATSG) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Air Transport Services Group, I (NASDAQ:ATSG) Experiences Lighter than Usual Trading Volume – First News 24 (firstnewspaper24.com)
- What Are The Quant Signals Telling Us About Air Transport Services Group, Inc. (NasdaqGS:ATSG) – Collins Courier (collinscourier.com)
- PEMCO hosts inaugural door cutting ceremony for the B737-700 … – American Journal of Transportation (ajot.com)
Shares of Air Transport Services Group (NASDAQ:ATSG) traded down 3.06% during trading on Monday, reaching $24.39. 251,860 shares of the company were exchanged. Air Transport Services Group has a one year low of $12.94 and a one year high of $25.91. The firm’s 50 day moving average price is $24.15 and its 200 day moving average price is $22.40. The company’s market capitalization is $1.44 billion.
Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings results on Monday, August 7th. The transportation company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The business had revenue of $253.21 million during the quarter, compared to analyst estimates of $235.69 million. Air Transport Services Group had a positive return on equity of 14.27% and a negative net margin of 4.42%. Air Transport Services Group’s quarterly revenue was up 43.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 EPS. Equities research analysts forecast that Air Transport Services Group will post $0.86 earnings per share for the current fiscal year.
A number of analysts have recently issued reports on ATSG shares. Zacks Investment Research downgraded shares of Air Transport Services Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 17th. Stifel Nicolaus restated a “hold” rating and set a $20.00 target price on shares of Air Transport Services Group in a report on Friday, August 4th. Cowen and Company restated an “outperform” rating and set a $27.00 target price (up from $25.00) on shares of Air Transport Services Group in a report on Thursday, August 10th. BidaskClub downgraded shares of Air Transport Services Group from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, TheStreet downgraded shares of Air Transport Services Group from a “b+” rating to a “c+” rating in a report on Monday, August 7th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $23.13.
In related news, insider W Joseph Payne sold 5,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $24.52, for a total value of $122,600.00. Following the completion of the sale, the insider now directly owns 185,452 shares of the company’s stock, valued at approximately $4,547,283.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard M. Baudouin sold 8,100 shares of the stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $21.71, for a total value of $175,851.00. The disclosure for this sale can be found here. Insiders sold a total of 20,600 shares of company stock valued at $479,951 over the last three months. 2.20% of the stock is currently owned by insiders.
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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