Air Transport Services Group (ATSG) Set to Announce Quarterly Earnings on Thursday

Air Transport Services Group (NASDAQ:ATSG) is set to announce its earnings results after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Air Transport Services Group (NASDAQ:ATSG) last issued its earnings results on Monday, May 6th. The transportation company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The firm had revenue of $485.50 million for the quarter, compared to analyst estimates of $479.77 million. Air Transport Services Group had a net margin of 2.37% and a return on equity of 6.61%. The company’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the business posted $0.36 earnings per share. On average, analysts expect Air Transport Services Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Air Transport Services Group Stock Performance

NASDAQ ATSG opened at $13.94 on Wednesday. Air Transport Services Group has a fifty-two week low of $11.62 and a fifty-two week high of $24.09. The stock has a market cap of $916.19 million, a PE ratio of 22.13 and a beta of 0.84. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.63 and a current ratio of 0.75. The firm’s fifty day moving average price is $14.05 and its two-hundred day moving average price is $13.81.

Analyst Ratings Changes

A number of brokerages have issued reports on ATSG. TD Cowen upped their target price on Air Transport Services Group from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. StockNews.com raised Air Transport Services Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Truist Financial cut their target price on shares of Air Transport Services Group from $20.00 to $14.00 and set a “hold” rating on the stock in a research report on Friday, April 19th. Finally, Susquehanna upped their price target on shares of Air Transport Services Group from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.83.

About Air Transport Services Group

Air Transport Services Group, Inc, together with its subsidiaries, provides aircraft leasing, and air cargo transportation and related services in the United States and internationally. It operates in two segments, Cargo Aircraft Management Inc (CAM) and ACMI Services. The company offers aircraft, flight crews, aircraft hull and liability insurance, and aviation fuel services; and aircraft maintenance and modification services, including airframe modification and heavy maintenance, component repairs, engineering services, and aircraft line maintenance.