Air Transport Services Group (ATSG) is expected to report results on Thursday

Air Transport Services Group (NASDAQ:ATSG – Get Rating) is set to release earnings data after market close on Thursday, November 3. Analysts expect Air Transport Services Group to post earnings of $0.53 per share for the quarter. Those interested in listening to the company’s earnings conference call can do so using this link.

Air Transport Services Group (NASDAQ:ATSG – Get Rating) last released quarterly earnings data on Thursday, August 4. The transportation company reported earnings per share of $0.59 for the quarter, beating the consensus estimate of $0.51 by $0.08. Air Transport Services Group achieved a return on equity of 14.39% and a net margin of 11.01%. The company posted revenue of $510.00 million in the quarter, versus analyst estimates of $505.54 million. During the same period last year, the company posted EPS of $0.35. The company’s quarterly revenue increased 24.4% year over year. On average, analysts expect Air Transport Services Group to post EPS of $2 for the current fiscal year and EPS of $2 for the next fiscal year.

Performance of shares in the Air transport services group

Shares of Air Transport Services Group opened at $28.21 on Thursday. Air Transport Services Group has a one-year low of $23.32 and a one-year high of $34.54. The company has a market capitalization of $2.10 billion, a price-earnings ratio of 10.85 and a beta of 0.65. The company has a 50-day simple moving average of $27.74 and a 200-day simple moving average of $29.43. The company has a debt ratio of 0.96, a current ratio of 1.19 and a quick ratio of 1.02.

Insider Buying and Selling at Air Transport Services Group

In other Air Transport Services Group news, major shareholder Amazon Com Inc sold 250,000 Air Transport Services Group shares in a trade dated Friday, October 7. The stock was sold at an average price of $23.61, for a total transaction of $5,902,500.00. Following completion of the transaction, the insider now owns 14,178,445 shares of the company, valued at approximately $334,753,086.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Insiders of the company own 1.70% of the shares of the company.

Hedge funds weigh on airline services group

A number of hedge funds have recently increased or reduced their stakes in ATSG. Raymond James Trust NA bought a new position in shares of Air Transport Services Group in Q1 for a value of approximately $216,000. Quantamental Technologies LLC bought a new position in shares of Air Transport Services Group in Q1 for a value of approximately $233,000. APG Asset Management NV bought a new position in shares of Air Transport Services Group in the 1st quarter for a value of approximately $385,000. PNC Financial Services Group Inc. increased its stake in shares of Air Transport Services Group by 714.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,706 shares of the transportation company worth $391,000 after buying an additional 10,268 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in Air Transport Services Group shares by 122.1% in the second quarter. UBS Asset Management Americas Inc. now owns 16,640 shares of the transportation company worth $478,000 after buying 9,147 additional shares in the last quarter. Institutional investors and hedge funds hold 95.84% of the company’s shares.

Wall Street analysts predict growth

A number of analysts have recently commented on ATSG shares. Truist Financial began covering Air Transport Services Group in a research report on Friday, October 21. They issued a “hold” rating and a target price of $26.00 for the company. StockNews.com began covering the airline services group in a research report on Wednesday, October 12. They issued a “hold” rating for the company.

Airline Services Group Company Profile

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Air Transport Services Group, Inc, together with its subsidiaries, provides aircraft leasing and air cargo transportation and related services in the United States and abroad. The Company offers aircraft, flight crew, aircraft maintenance, aircraft hull and liability and aviation fuel insurance; and aircraft maintenance and modification services, including airframe modification and heavy maintenance, component repairs, engineering services and aircraft line maintenance.

Further reading

Earnings History for Air Transport Services Group (NASDAQ:ATSG)

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