Air Transport Services Group, Inc (NASDAQ:ATSG) – Equities researchers at Imperial Capital reduced their Q3 2017 earnings per share (EPS) estimates for Air Transport Services Group in a note issued to investors on Wednesday. Imperial Capital analyst M. Derchin now anticipates that the transportation company will earn $0.20 per share for the quarter, down from their previous estimate of $0.26. Imperial Capital has a “In-Line” rating and a $23.00 price objective on the stock. Imperial Capital also issued estimates for Air Transport Services Group’s Q4 2017 earnings at $0.27 EPS.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings results on Monday, August 7th. The transportation company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The business had revenue of $253.21 million during the quarter, compared to the consensus estimate of $235.69 million. Air Transport Services Group had a negative net margin of 4.42% and a positive return on equity of 13.71%. The company’s quarterly revenue was up 43.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 earnings per share.

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ATSG has been the subject of a number of other reports. Zacks Investment Research lowered shares of Air Transport Services Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 17th. Cowen and Company upped their price objective on shares of Air Transport Services Group from $19.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, May 5th. Stifel Nicolaus reaffirmed a “hold” rating and set a $20.00 price objective on shares of Air Transport Services Group in a research note on Friday, August 4th. BidaskClub raised shares of Air Transport Services Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, Sidoti reaffirmed a “buy” rating and set a $26.00 price objective (up from $23.00) on shares of Air Transport Services Group in a research note on Sunday, May 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $23.29.

Shares of Air Transport Services Group (NASDAQ:ATSG) opened at 23.48 on Thursday. Air Transport Services Group has a one year low of $12.94 and a one year high of $25.75. The stock’s 50 day moving average is $23.28 and its 200-day moving average is $19.85. The stock has a market capitalization of $1.40 billion, a P/E ratio of 63.80 and a beta of 2.01.

In other news, insider Willem Mesdag sold 4,377,330 shares of the stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $22.42, for a total value of $98,139,738.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider W Joseph Payne sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $24.52, for a total transaction 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 $4,547,283.04. The disclosure for this sale can be found here. Insiders sold 4,414,480 shares of company stock valued at $99,000,315 over the last three months. 2.20% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in Air Transport Services Group by 18.2% in the first quarter. Victory Capital Management Inc. now owns 6,887 shares of the transportation company’s stock worth $111,000 after buying an additional 1,058 shares during the period. Pacad Investment Ltd. bought a new stake in Air Transport Services Group during the second quarter worth about $168,000. First Mercantile Trust Co. bought a new stake in Air Transport Services Group during the second quarter worth about $169,000. Envestnet Asset Management Inc. raised 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 worth $180,000 after buying an additional 5,196 shares during the period. Finally, SG Americas Securities LLC raised its stake in Air Transport Services Group by 17.1% in the first quarter. SG Americas Securities LLC now owns 11,196 shares of the transportation company’s stock worth $180,000 after buying an additional 1,632 shares during the period. 87.64% of the stock is owned by institutional investors and hedge funds.

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.

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

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