Zacks: Brokerages Anticipate Air Transport Services Group, Inc. (NASDAQ: ATSG) to Report Quarterly Sales of $ 446.15 Million

Wall Street brokers expect Air Transport Services Group, Inc. (NASDAQ: ATSG) to post revenue of $ 446.15 million for the current quarter, according to Zacks. Two analysts estimated Air Transport Services Group earnings, with the lowest sales estimate at $ 445.80 million and the highest estimate at $ 446.50 million. Air Transport Services Group reported sales of $ 399.36 million in the same quarter of last year, indicating a positive year-over-year growth rate of 11.7%. The company is expected to release its next earnings report on Thursday, February 24.

According to Zacks, analysts expect Air Transport Services Group to report annual revenue of $ 1.70 billion for the current year. For next year, analysts predict the company will post sales of $ 1.86 billion. Zacks’ sales calculations are an average based on a survey of research companies that provide coverage for Air Transport Services Group.

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

ATSG stock opened at $ 27.84 on Friday. The company has a market cap of $ 2.07 billion, a P / E ratio of 13.01 and a beta of 0.51. Air Transport Services Group has a twelve month low of $ 21.42 and a twelve month high of $ 32.43. The company has a 50-day simple moving average of $ 26.20 and a 200-day simple moving average of $ 25.31. The company has a current ratio of 1.09, a quick ratio of 0.92, and a debt ratio of 1.16.

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In other news from the Air Transport Services group, insider David R. Soaper acquired 40,000 shares of the company in a transaction on Tuesday, November 30. The stock was purchased at an average price of $ 24.96 per share, for a total trade of $ 998,400.00. The transaction was disclosed in a file with the Securities & Exchange Commission, accessible through this link. 2.00% of the shares are held by insiders of the company.

A number of institutional investors have recently bought and sold ATSG shares. First Trust Advisors LP increased its position in Air Transport Services Group by 415.5% during the 1st quarter. First Trust Advisors LP now owns 125,485 shares of the transport company valued at $ 2,892,000 after purchasing an additional 101,141 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Air Transport Services Group shares in the 1st quarter valued at approximately $ 390,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Air Transport Services Group in the second quarter valued at approximately $ 73,000. Amazon com Inc increased its stake in Air Transport Services Group shares by 1,567.0% in the second quarter. Amazon com Inc now owns 14,428,445 shares of the shipping company valued at $ 335,173,000 after purchasing an additional 13,562,897 shares in the last quarter. Finally, We Are One Seven LLC acquired a new equity stake in Air Transport Services Group during the 2nd quarter for a value of approximately $ 327,000. Hedge funds and other institutional investors hold 93.94% of the company’s shares.

About the Air Transport Services Group

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

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