Air Transport Services Group (ATSG) will release its results on Thursday

Air Transport Services Group (NASDAQ:ATSG – Get Rating) is expected to release earnings data after market close on Thursday, August 4. Analysts expect Air Transport Services Group to post earnings of $0.50 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, May 5. The transportation company reported earnings per share of $0.56 for the quarter, beating consensus analyst estimates of $0.45 by $0.11. The company posted revenue of $485.86 million in the quarter, compared to analyst estimates of $474.93 million. Air Transport Services Group achieved a return on equity of 13.30% and a net margin of 12.96%. The company’s revenue increased 29.2% year over year. In the same quarter last year, the company posted EPS of $0.19. 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

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The NASDAQ ATSG opened at $30.28 on Thursday. Air Transport Services Group has a fifty-two week minimum of $22.83 and a fifty-two week maximum of $34.54. The company has a debt ratio of 0.94, a quick ratio of 0.89 and a current ratio of 1.04. The company has a market capitalization of $2.25 billion, a P/E ratio of 11.13 and a beta of 0.54. The stock has a 50-day simple moving average of $29.50 and a 200-day simple moving average of $29.71.

Changes to analyst ratings

A number of research companies have recently commented on the ATSG. Cowen raised its target price on Air Transport Services Group from $31.00 to $40.00 in a Monday, May 9 research report. Cowen raised its target price on Air Transport Services Group from $31.00 to $40.00 in a Monday, May 9 research report. Finally, StockNews.com upgraded the Air Transport Services Group from a “buy” rating to a “hold” rating in a Saturday, June 18 report.

Institutional investors weigh on Air Transport Services Group

Institutional investors have recently been buying and selling shares of the company. Charles Schwab Investment Management Inc. increased its equity stake in Air Transport Services Group by 5.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 650,928 shares of the transportation company worth $21,774,000 after buying 30,890 additional shares in the last quarter. Bank of New York Mellon Corp increased its equity stake in Air Transport Services Group by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 331,441 shares of the transportation company worth $11,087,000 after buying 9,681 additional shares in the last quarter. First Trust Advisors LP increased its equity stake in Air Transport Services Group by 22.2% during the first quarter. First Trust Advisors LP now owns 171,064 shares of the transportation company worth $5,722,000 after buying an additional 31,134 shares in the last quarter. Bank of Montreal Can increased its holdings of Airline Services Group shares by 41.3% during the 1st quarter. Bank of Montreal Can now owns 161,108 shares of the transportation company worth $5,497,000 after buying an additional 47,129 shares in the last quarter. Finally, Penserra Capital Management LLC acquired a new position in shares of Air Transport Services Group during Q1 worth approximately $3,846,000. 93.34% of the shares are currently held by institutional investors and hedge funds.

About Airline Services Group

(Get a rating)

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.

See also

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

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