Air Transport Services Group (ATSG) Scheduled to Post Quarterly Earnings on Friday

Air Transport Services Group (NASDAQ:ATSG) will be releasing its earnings data before the market opens on Friday, November 8th. Analysts expect Air Transport Services Group to post earnings of $0.19 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings results on Thursday, August 8th. The transportation company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The company had revenue of $488.41 million for the quarter, compared to analyst estimates of $513.67 million. Air Transport Services Group had a net margin of 0.90% and a return on equity of 4.24%. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.57 earnings per share. 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 Price Performance

NASDAQ ATSG opened at $17.24 on Friday. Air Transport Services Group has a 1 year low of $11.62 and a 1 year high of $20.79. The company has a fifty day simple moving average of $15.84 and a 200 day simple moving average of $14.63. The company has a current ratio of 0.74, a quick ratio of 0.62 and a debt-to-equity ratio of 1.08. The company has a market cap of $1.13 billion, a P/E ratio of 27.37 and a beta of 0.82.

Analyst Upgrades and Downgrades

ATSG has been the topic of several research analyst reports. Truist Financial raised their price target on Air Transport Services Group from $14.00 to $15.00 and gave the company a “hold” rating in a research report on Monday, August 12th. Stifel Nicolaus raised their target price on Air Transport Services Group from $23.00 to $25.00 and gave the company a “buy” rating in a report on Monday, August 12th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $18.25.

Air Transport Services Group Company Profile

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.