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

Air Transport Services Group (NASDAQ:ATSG) is expected to announce its earnings results before the market opens on Monday, February 24th. Analysts expect the company to announce earnings of $0.29 per share and revenue of $521.36 million for the quarter.

Air Transport Services Group Stock Performance

Shares of ATSG stock opened at $22.30 on Friday. Air Transport Services Group has a 12 month low of $11.62 and a 12 month high of $22.35. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68. The firm has a market capitalization of $1.47 billion, a P/E ratio of -557.36 and a beta of 0.84. The company’s fifty day moving average price is $22.11 and its two-hundred day moving average price is $19.25.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ATSG shares. StockNews.com started coverage on shares of Air Transport Services Group in a report on Monday, February 17th. They issued a “hold” rating on the stock. Truist Financial boosted their price objective on shares of Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Finally, Loop Capital reiterated a “hold” rating and issued a $22.50 price objective (up previously from $22.00) on shares of Air Transport Services Group in a report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $20.60.

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.