Air Transport Services Group Inc. (NASDAQ:ATSG) Expected to Post Quarterly Sales of $373.90 Million

Wall Street analysts expect that Air Transport Services Group Inc. (NASDAQ:ATSG) will post sales of $373.90 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Air Transport Services Group’s earnings, with estimates ranging from $363.40 million to $384.40 million. Air Transport Services Group reported sales of $280.78 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 33.2%. The business is expected to issue its next earnings results on Wednesday, February 26th.

According to Zacks, analysts expect that Air Transport Services Group will report full year sales of $1.42 billion for the current financial year, with estimates ranging from $1.41 billion to $1.43 billion. For the next financial year, analysts expect that the company will report sales of $1.53 billion, with estimates ranging from $1.52 billion to $1.54 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Air Transport Services Group.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings results on Wednesday, November 6th. The transportation company reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.04. The firm had revenue of $366.07 million during the quarter, compared to the consensus estimate of $344.72 million. Air Transport Services Group had a return on equity of 21.41% and a net margin of 7.30%. The business’s revenue was up 78.6% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share.

ATSG has been the subject of several analyst reports. Zacks Investment Research raised shares of Air Transport Services Group from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Friday, November 8th. BidaskClub raised shares of Air Transport Services Group from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Finally, ValuEngine lowered shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $28.60.

Shares of Air Transport Services Group stock traded up $0.08 on Thursday, reaching $23.65. 383,214 shares of the company were exchanged, compared to its average volume of 412,548. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 17.99 and a beta of 0.99. The company has a current ratio of 0.84, a quick ratio of 0.73 and a debt-to-equity ratio of 3.01. Air Transport Services Group has a one year low of $17.06 and a one year high of $25.82. The company has a 50-day moving average of $22.86 and a 200 day moving average of $22.15.

In related news, CFO Quint O. Turner sold 9,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $25.01, for a total value of $225,090.00. Following the sale, the chief financial officer now owns 216,263 shares in the company, valued at approximately $5,408,737.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey J. Vorholt sold 7,864 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $24.45, for a total value of $192,274.80. Following the completion of the sale, the director now owns 20,000 shares in the company, valued at approximately $489,000. The disclosure for this sale can be found here. Insiders have sold 39,164 shares of company stock valued at $944,168 in the last quarter. 2.30% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in ATSG. Vanguard Group Inc. raised its position in shares of Air Transport Services Group by 0.6% in the second quarter. Vanguard Group Inc. now owns 5,119,375 shares of the transportation company’s stock valued at $124,912,000 after purchasing an additional 32,729 shares during the period. River Road Asset Management LLC grew its stake in Air Transport Services Group by 26.8% in the 3rd quarter. River Road Asset Management LLC now owns 3,245,710 shares of the transportation company’s stock valued at $68,225,000 after buying an additional 686,501 shares during the last quarter. Moab Capital Partners LLC grew its stake in Air Transport Services Group by 3.0% in the 3rd quarter. Moab Capital Partners LLC now owns 1,959,537 shares of the transportation company’s stock valued at $41,189,000 after buying an additional 57,450 shares during the last quarter. Voya Investment Management LLC raised its holdings in Air Transport Services Group by 41.8% in the 3rd quarter. Voya Investment Management LLC now owns 1,875,127 shares of the transportation company’s stock valued at $39,416,000 after acquiring an additional 553,149 shares during the period. Finally, Waddell & Reed Financial Inc. raised its holdings in Air Transport Services Group by 8.7% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 1,860,565 shares of the transportation company’s stock valued at $45,398,000 after acquiring an additional 148,852 shares during the period. 91.07% of the stock is owned by hedge funds and other institutional investors.

Air Transport Services Group Company Profile

Air Transport Services Group, Inc, through its subsidiaries, operates in the airfreight and logistics industry. The company owns and leases cargo aircraft to airlines and other customers. It also provides airline operations to delivery companies, airlines, freight forwarders, and the U.S. Military, as well as operates charter agreements.

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

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