Air Transport Services Group, Inc Expected to Post FY2017 Earnings of $0.85 Per Share (ATSG)
Air Transport Services Group, Inc (NASDAQ:ATSG) – Research analysts at Imperial Capital dropped their FY2017 earnings per share estimates for shares of Air Transport Services Group in a report issued on Wednesday. Imperial Capital analyst M. Derchin now forecasts that the transportation company will earn $0.85 per share for the year, down from their previous estimate of $0.95. Imperial Capital currently has a “In-Line” rating and a $23.00 target price on the stock. Imperial Capital also issued estimates for Air Transport Services Group’s FY2018 earnings at $1.05 EPS and FY2019 earnings at $1.25 EPS.
Several other research analysts also recently commented on ATSG. BidaskClub downgraded Air Transport Services Group from a “buy” rating to a “hold” rating in a research note on Friday. TheStreet cut Air Transport Services Group from a “b+” rating to a “c+” rating in a report on Monday. Cowen and Company reaffirmed an “outperform” rating and issued a $27.00 price target (up previously from $25.00) on shares of Air Transport Services Group in a report on Thursday. Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 price target on shares of Air Transport Services Group in a report on Friday, August 4th. Finally, Sidoti reaffirmed a “buy” rating and issued a $26.00 price target (up previously from $23.00) on shares of Air Transport Services Group in a report on Sunday, May 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $23.29.
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Shares of Air Transport Services Group (ATSG) traded down 1.83% on Friday, reaching $22.50. The company’s stock had a trading volume of 103,827 shares. The firm’s 50-day moving average price is $23.31 and its 200-day moving average price is $19.87. The stock’s market cap is $1.33 billion. Air Transport Services Group has a 12 month low of $12.94 and a 12 month high of $25.75.
Air Transport Services Group (NASDAQ:ATSG) last issued its earnings results on Monday, August 7th. The transportation company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The firm had revenue of $253.21 million during the quarter, compared to the consensus estimate 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%. The business’s quarterly revenue was up 43.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 earnings per share.
In other Air Transport Services Group news, VP Matthew E. Fedders sold 4,102 shares of the firm’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $22.24, for a total value of $91,228.48. Following the sale, the vice president now owns 24,842 shares of the company’s stock, valued at approximately $552,486.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Willem Mesdag sold 4,377,330 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $22.42, for a total value of $98,139,738.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,414,480 shares of company stock worth $99,000,315. Insiders own 2.20% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its stake in Air Transport Services Group by 87.5% in the first quarter. Envestnet Asset Management Inc. now owns 11,136 shares of the transportation company’s stock valued at $180,000 after buying an additional 5,196 shares during the last quarter. Oxford Asset Management acquired a new stake in Air Transport Services Group during the first quarter valued at $1,507,000. Parkwood LLC acquired a new stake in Air Transport Services Group during the first quarter valued at $1,011,000. Sei Investments Co. boosted its position in shares of Air Transport Services Group by 15.0% in the first quarter. Sei Investments Co. now owns 91,250 shares of the transportation company’s stock worth $1,464,000 after buying an additional 11,912 shares in the last quarter. Finally, Intrust Bank NA purchased a new position in shares of Air Transport Services Group during the first quarter worth $233,000. 87.64% of the stock is currently owned by hedge funds and other institutional investors.
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.
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