Brokerages Anticipate Air Transport Services Group, Inc. (NASDAQ:ATSG) Will Announce Earnings of $0.52 Per Share

Wall Street analysts expect that Air Transport Services Group, Inc. (NASDAQ:ATSG) will report $0.52 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Air Transport Services Group’s earnings. The highest EPS estimate is $0.55 and the lowest is $0.50. Air Transport Services Group reported earnings of $0.38 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 36.8%. The business is scheduled to report its next quarterly earnings results on Thursday, February 24th.

On average, analysts expect that Air Transport Services Group will report full-year earnings of $1.67 per share for the current year, with EPS estimates ranging from $1.63 to $1.70. For the next fiscal year, analysts anticipate that the company will post earnings of $1.84 per share, with EPS estimates ranging from $1.77 to $1.90. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Air Transport Services Group.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings data on Thursday, November 4th. The transportation company reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.14. Air Transport Services Group had a return on equity of 11.74% and a net margin of 11.63%. The company had revenue of $465.96 million during the quarter, compared to the consensus estimate of $437.37 million. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The firm’s revenue was up 15.3% compared to the same quarter last year.

Separately, TheStreet raised Air Transport Services Group from a “c” rating to a “b-” rating in a research note on Friday, August 6th.

Hedge funds have recently made changes to their positions in the stock. RE Advisers Corp boosted its holdings in Air Transport Services Group by 149.5% in the third quarter. RE Advisers Corp now owns 1,038 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 622 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in Air Transport Services Group in the second quarter valued at approximately $39,000. Fifth Third Bancorp boosted its holdings in Air Transport Services Group by 125.0% in the second quarter. Fifth Third Bancorp now owns 1,800 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 1,000 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Air Transport Services Group by 16.5% in the second quarter. Public Employees Retirement System of Ohio now owns 2,962 shares of the transportation company’s stock valued at $69,000 after acquiring an additional 420 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Air Transport Services Group in the second quarter valued at approximately $73,000. Institutional investors and hedge funds own 93.94% of the company’s stock.

Shares of Air Transport Services Group stock traded up $0.06 on Thursday, hitting $28.14. The stock had a trading volume of 232,890 shares, compared to its average volume of 485,170. The stock has a 50 day moving average of $25.96 and a 200 day moving average of $25.20. Air Transport Services Group has a twelve month low of $21.42 and a twelve month high of $32.43. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.92 and a current ratio of 1.09. The firm has a market capitalization of $2.09 billion, a P/E ratio of 13.15 and a beta of 0.55.

About Air Transport Services Group

Air Transport Services Group, Inc engages in the provision of airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. It operates through the CAM and ACMI Services segments. The CAM segment consists of the company’s aircraft leasing operations.

See Also: Leveraged Buyout (LBO) Explained

Get a free copy of the Zacks research report on Air Transport Services Group (ATSG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Air Transport Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Transport Services Group and related companies with MarketBeat.com's FREE daily email newsletter.