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

Air Transport Services Group (NASDAQ:ATSG) is set to post its earnings data after the market closes on Monday, May 6th. Analysts expect Air Transport Services Group to post earnings of $0.13 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings results on Monday, February 26th. The transportation company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.11). Air Transport Services Group had a net margin of 2.91% and a return on equity of 7.93%. The firm had revenue of $517.04 million for the quarter, compared to the consensus estimate of $521.04 million. 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 Down 0.8 %

NASDAQ:ATSG opened at $13.08 on Friday. The company has a market cap of $859.09 million, a price-to-earnings ratio of 17.44 and a beta of 0.85. The company has a current ratio of 0.86, a quick ratio of 0.74 and a debt-to-equity ratio of 1.25. Air Transport Services Group has a twelve month low of $11.62 and a twelve month high of $24.96. The stock has a fifty day simple moving average of $12.83 and a 200-day simple moving average of $15.14.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ATSG. Truist Financial reduced their target price on shares of Air Transport Services Group from $20.00 to $14.00 and set a “hold” rating for the company in a report on Friday, April 19th. Susquehanna lowered their target price on shares of Air Transport Services Group from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 28th. Finally, StockNews.com lowered Air Transport Services Group from a “hold” rating to a “sell” rating in a research report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $23.33.

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.