Brokerages expect Air Transport Services Group Inc. (NASDAQ:ATSG) to announce sales of $226.66 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Air Transport Services Group’s earnings, with the highest sales estimate coming in at $230.51 million and the lowest estimate coming in at $220.68 million. Air Transport Services Group reported sales of $322.97 million during the same quarter last year, which indicates a negative year over year growth rate of 29.8%. The business is scheduled to announce its next quarterly earnings results on Tuesday, February 26th.

According to Zacks, analysts expect that Air Transport Services Group will report full-year sales of $838.21 million for the current financial year, with estimates ranging from $832.25 million to $842.07 million. For the next financial year, analysts expect that the firm will report sales of $1.35 billion, with estimates ranging from $1.32 billion to $1.37 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Air Transport Services Group.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings data on Friday, November 2nd. The transportation company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). Air Transport Services Group had a return on equity of 19.89% and a net margin of 18.06%. The firm had revenue of $204.90 million for the quarter, compared to analyst estimates of $209.60 million. During the same period in the previous year, the business posted $0.22 EPS. Air Transport Services Group’s revenue for the quarter was down 19.4% compared to the same quarter last year.

Several analysts have recently weighed in on ATSG shares. Stifel Nicolaus set a $27.00 price objective on Air Transport Services Group and gave the stock a “buy” rating in a report on Monday, October 15th. Zacks Investment Research upgraded Air Transport Services Group from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Tuesday, October 9th. ValuEngine upgraded Air Transport Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 3rd. BidaskClub upgraded Air Transport Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 13th. Finally, Imperial Capital raised their target price on Air Transport Services Group from $22.00 to $25.00 and gave the stock an “in-line” rating in a research report on Friday, October 5th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $25.50.

Institutional investors have recently bought and sold shares of the stock. Amalgamated Bank bought a new position in shares of Air Transport Services Group during the 2nd quarter worth approximately $202,000. Engineers Gate Manager LP bought a new position in shares of Air Transport Services Group during the 2nd quarter worth approximately $206,000. Cornerstone Wealth Management LLC bought a new position in shares of Air Transport Services Group during the 2nd quarter worth approximately $226,000. Creative Planning bought a new position in Air Transport Services Group in the 3rd quarter valued at $258,000. Finally, MetLife Investment Advisors LLC raised its position in Air Transport Services Group by 55.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 42,742 shares of the transportation company’s stock valued at $918,000 after purchasing an additional 15,204 shares during the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Shares of NASDAQ:ATSG traded down $0.28 during trading on Tuesday, hitting $17.79. 330,732 shares of the stock were exchanged, compared to its average volume of 287,226. Air Transport Services Group has a 1-year low of $17.42 and a 1-year high of $27.67. The firm has a market capitalization of $1.05 billion, a PE ratio of 19.77 and a beta of 1.82. The company has a current ratio of 1.02, a quick ratio of 0.88 and a debt-to-equity ratio of 1.12.

About Air Transport Services Group

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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