Zacks: Brokerages Anticipate Air Transport Services Group, Inc. (NASDAQ: ATSG) To Show Quarterly Sales Of $ 446.15 Million

Brokerages expect Air Transport Services Group, Inc. (NASDAQ: ATSG) to report sales of $ 446.15 million for the current quarter, reports Zacks Investment Research. Two analysts provided earnings estimates for Air Transport Services Group, with the highest sales estimate at $ 446.50 million and the lower estimate at $ 445.80 million. Air Transport Services Group reported sales of $ 399.36 million in the same quarter last year, indicating a positive year-over-year growth rate of 11.7%. The company is expected to release its next quarterly results on Thursday, February 24.

On average, analysts expect Air Transport Services Group to report annual revenue of $ 1.70 billion for the current fiscal year. For the next fiscal year, analysts expect the company to post revenue of $ 1.86 billion. Zacks’ sales calculations are an average based on a survey of seller-side analysts who cover Air Transport Services Group.

Air Transport Services Group (NASDAQ: ATSG) last released its quarterly results on Thursday, November 4. The transportation company reported earnings per share 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 $ 437.37 million expected by analysts. Air Transport Services Group achieved a return on equity of 11.74% and a net margin of 11.63%. Quarterly revenues of the Air Transport Services Group increased by 15.3% compared to the same quarter last year. In the same quarter of the previous year, the company made EPS of $ 0.44.

Separately, TheStreet lowered the airline services group from a “c” rating to a “b-” rating in a research report released on Friday August 6.

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NASDAQ: ATSG opened at $ 27.57 on Friday. The company has a fifty-day moving average of $ 25.85 and a 200-day moving average of $ 25.18. Air Transport Services Group has a one-year minimum at $ 21.42 and a one-year maximum at $ 32.43. The stock has a market cap of $ 2.05 billion, a price-to-earnings ratio of 12.88, and a beta of 0.55. The company has a leverage ratio of 1.16, a quick ratio of 0.92, and a current ratio of 1.09.

Several institutional investors have recently changed their positions in the title. Ohio’s public employee pension system strengthened its position in Air Transport Services Group shares by 16.5% in the second quarter. The Ohio Public Employee Retirement System now owns 2,962 shares of the transportation company worth $ 69,000 after purchasing an additional 420 shares during the period. RE Advisers Corp increased its stake in Air Transport Services Group by 149.5% in the third quarter. RE Advisers Corp now owns 1,038 shares of the transport company valued at $ 27,000 after purchasing 622 additional shares during the period. Phocas Financial Corp. increased its stake in Air Transport Services Group by 0.5% in the third quarter. Phocas Financial Corp. now owns 197,221 shares of the transportation company valued at $ 5,090,000 after purchasing an additional 974 shares during the period. Fifth Third Bancorp increased its stake in Air Transport Services Group shares by 125.0% during the second quarter. Fifth Third Bancorp now owns 1,800 shares of the transportation company valued at $ 42,000 after purchasing an additional 1,000 shares during the period. Finally, Equitable Trust Co. increased its stake in Air Transport Services Group shares by 6.4% during the second quarter. Equitable Trust Co. now owns 20,577 shares of the transportation company valued at $ 478,000 after purchasing an additional 1,230 shares during the period. 93.94% of the shares are held by institutional investors and hedge funds.

Airline Services Group Company Profile

Air Transport Services Group, Inc is engaged in the provision of flight operations, aircraft rental, aircraft maintenance and other support services primarily to the cargo 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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Airline Services Group Profit History and Estimates (NASDAQ: ATSG)

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