Equities research analysts expect Air Transport Services Group, Inc (NASDAQ:ATSG) to report $236.02 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Air Transport Services Group’s earnings, with the lowest sales estimate coming in at $220.23 million and the highest estimate coming in at $254.63 million. Air Transport Services Group posted sales of $176.55 million in the same quarter last year, which suggests a positive year over year growth rate of 33.7%. The business is scheduled to report its next quarterly earnings report after the market closes on Monday, August 7th.

On average, analysts expect that Air Transport Services Group will report full year sales of $236.02 million for the current year, with estimates ranging from $948.74 million to $1.06 billion. For the next year, analysts anticipate that the business will report sales of $1.11 billion per share, with estimates ranging from $1.02 billion to $1.21 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Air Transport Services Group.

A number of equities analysts have commented on the stock. Zacks Investment Research cut 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 reaffirmed an “outperform” rating on shares of Air Transport Services Group in a research note on Monday, May 15th. Imperial Capital upped their price objective on shares of Air Transport Services Group from $18.00 to $23.00 and gave the company an “in-line” rating in a research note on Friday, May 5th. BidaskClub raised shares of Air Transport Services Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 price objective on shares of Air Transport Services Group in a research note on Friday. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Air Transport Services Group has an average rating of “Buy” and an average target price of $23.00.

In related news, insider Willem Mesdag sold 4,377,330 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $22.42, for a total transaction of $98,139,738.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider W Joseph Payne sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $24.52, for a total transaction of $122,600.00. Following the sale, the insider now 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 have sold a total of 4,473,192 shares of company stock valued at $100,349,450 over the last quarter. 2.20% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC raised its position in shares of Air Transport Services Group by 79.2% in the first quarter. FMR LLC now owns 3,135,356 shares of the transportation company’s stock valued at $50,323,000 after buying an additional 1,386,101 shares during the period. Victory Capital Management Inc. raised its position in shares of Air Transport Services Group by 16,471.6% in the second quarter. Victory Capital Management Inc. now owns 1,141,285 shares of the transportation company’s stock valued at $24,857,000 after buying an additional 1,134,398 shares during the period. Hodges Capital Management Inc. bought a new position in shares of Air Transport Services Group during the second quarter valued at approximately $14,497,000. Kennedy Capital Management Inc. raised its position in shares of Air Transport Services Group by 167.8% in the first quarter. Kennedy Capital Management Inc. now owns 786,660 shares of the transportation company’s stock valued at $12,626,000 after buying an additional 492,946 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. raised its position in shares of Air Transport Services Group by 423.2% in the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 512,489 shares of the transportation company’s stock valued at $8,225,000 after buying an additional 414,539 shares during the period. Institutional investors and hedge funds own 87.64% of the company’s stock.

Air Transport Services Group (NASDAQ:ATSG) traded up 0.92% during mid-day trading on Friday, hitting $25.14. 515,726 shares of the company traded hands. The firm has a 50 day moving average of $22.89 and a 200 day moving average of $19.51. The firm has a market capitalization of $1.50 billion, a P/E ratio of 68.32 and a beta of 2.01. Air Transport Services Group has a one year low of $12.94 and a one year high of $25.75.

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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.

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

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