$226.66 Million in Sales Expected for Air Transport Services Group Inc. (ATSG) This Quarter

Equities analysts predict that Air Transport Services Group Inc. (NASDAQ:ATSG) will report $226.66 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Air Transport Services Group’s earnings. The highest sales estimate is $230.51 million and the lowest is $220.68 million. Air Transport Services Group posted sales of $322.97 million during the same quarter last year, which suggests a negative year-over-year growth rate of 29.8%. The business is expected to announce its next quarterly earnings report on Tuesday, February 26th.

On average, analysts expect that Air Transport Services Group will report full year sales of $838.21 million for the current fiscal year, with estimates ranging from $832.25 million to $842.07 million. For the next year, analysts expect that the company will post sales of $1.35 billion, with estimates ranging from $1.32 billion to $1.37 billion. Zacks Investment Research’s 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 results on Friday, November 2nd. The transportation company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). The firm had revenue of $204.90 million for the quarter, compared to analysts’ expectations of $209.60 million. Air Transport Services Group had a return on equity of 19.89% and a net margin of 18.06%. Air Transport Services Group’s revenue was down 19.4% compared to the same quarter last year. During the same period last year, the firm earned $0.22 EPS.

ATSG has been the topic of several research analyst reports. BidaskClub raised Air Transport Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 22nd. Zacks Investment Research lowered Air Transport Services Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. ValuEngine raised Air Transport Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 3rd. Finally, Imperial Capital decreased their price target on Air Transport Services Group from $25.00 to $19.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 6th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $25.50.

A number of hedge funds have recently bought and sold shares of ATSG. Amalgamated Bank purchased a new stake in Air Transport Services Group in the 2nd quarter valued at approximately $202,000. Engineers Gate Manager LP purchased a new stake in Air Transport Services Group in the 2nd quarter valued at approximately $206,000. Cornerstone Wealth Management LLC purchased a new stake in Air Transport Services Group in the 2nd quarter valued at approximately $226,000. Creative Planning purchased a new stake in Air Transport Services Group in the 3rd quarter valued at approximately $258,000. Finally, MetLife Investment Advisors LLC lifted its stake 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 buying an additional 15,204 shares in the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:ATSG opened at $18.64 on Tuesday. The company has a market cap of $1.09 billion, a PE ratio of 20.71 and a beta of 1.82. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.88 and a current ratio of 1.02. Air Transport Services Group has a 12 month low of $17.67 and a 12 month high of $27.67.

Air Transport Services Group Company Profile

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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