Zacks: Analysts Expect Air Transport Services Group, Inc. (NASDAQ:ATSG) to Post Quarterly Sales of $446.15 Million

Wall Street analysts expect Air Transport Services Group, Inc. (NASDAQ:ATSG) to report sales of $446.15 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates of Air Transport Services Group earnings, with estimates ranging from $445.80 million to $446.50 million. The airline services group recorded sales of $399.36 million in the same quarter last year, which would indicate a positive growth rate of 11.7% year-over-year. The company is due to release its next earnings report on Thursday, February 24.

On average, analysts expect Air Transport Services Group to post annual revenue of $1.70 billion in the current fiscal year. For the next fiscal year, analysts expect the company to post sales of $1.86 billion. Zacks Investment Research sales calculations are an average based on a survey of sell-side analysts who track Air Transport Services Group.

Air Transport Services Group (NASDAQ:ATSG) last reported quarterly earnings data on Thursday, November 4. The transportation company reported earnings per share (EPS) of $0.60 for the quarter, beating Thomson Reuters consensus estimate of $0.46 by $0.14. Air Transport Services Group posted a net margin of 11.63% and a return on equity of 11.74%. The company posted revenue of $465.96 million in the quarter, compared to $437.37 million expected by analysts. During the same period of the previous year, the company achieved EPS of $0.44. The company’s quarterly revenue increased by 15.3% compared to the same quarter last year.

Shares of the NASDAQ ATSG opened at $26.63 on Thursday. Air Transport Services Group has a 52-week low of $21.42 and a 52-week high of $31.48. The company has a fifty-day moving average of $27.82 and a 200-day moving average of $26.13. The stock has a market capitalization of $1.98 billion, a PE ratio of 12.44 and a beta of 0.55. The company has a quick ratio of 0.92, a current ratio of 1.09 and a debt ratio of 1.16.

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Separately, Vice President Deborah A. Loveless sold 3,453 shares of the company in a trade on Thursday, Dec. 16. The shares were sold at an average price of $28.27, for a total transaction of $97,616.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, insider David R. Soaper purchased 40,000 shares of the company in a trade that took place on Tuesday, November 30. The shares were acquired at an average cost of $24.96 per share, with a total value of $998,400.00. Disclosure of this purchase can be found here. 2.00% of the shares are held by insiders.

A number of hedge funds have recently changed their ATSG holdings. Macquarie Group Ltd. increased its stake in shares of Air Transport Services Group by 135,080.0% in the 2nd quarter. Macquarie Group Ltd. now owns 1,386,947 shares of the transportation company valued at $32,219,000 after purchasing an additional 1,385,921 shares last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Air Transport Services Group by 62.9% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,959,585 shares of the transportation company worth $68,751,000 after acquiring an additional 1,142,297 shares during the period. River Road Asset Management LLC increased its position in Air Transport Services Group by 8.6% in Q3. River Road Asset Management LLC now owns 9,486,061 shares of the transportation company worth $244,835,000 after purchasing an additional 750,442 shares in the last quarter. Bernzott Capital Advisors increased its position in Air Transport Services Group by 24.1% in the third quarter. Bernzott Capital Advisors now owns 1,183,045 shares of the transportation company worth $30,534,000 after buying an additional 229,785 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Air Transport Services Group in the second quarter worth approximately $5,059,000. Hedge funds and other institutional investors hold 93.84% of the company’s shares.

About Airline Services Group

Air Transport Services Group, Inc engages in the provision of flight operations, aircraft rentals, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. It operates through CAM and ACMI Services segments. The CAM segment includes the company’s aircraft leasing business.

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