Zacks: Analysts Anticipate Air Transport Services Group Inc. (ATSG) to Announce $0.33 EPS

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Brokerages expect that Air Transport Services Group Inc. (NASDAQ:ATSG) will post earnings per share (EPS) of $0.33 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Air Transport Services Group’s earnings. The lowest EPS estimate is $0.31 and the highest is $0.36. Air Transport Services Group reported earnings per share of $0.30 in the same quarter last year, which indicates a positive year-over-year growth rate of 10%. The company is expected to issue its next earnings report on Tuesday, February 26th.

On average, analysts expect that Air Transport Services Group will report full-year earnings of $1.28 per share for the current fiscal year, with EPS estimates ranging from $1.25 to $1.30. For the next fiscal year, analysts forecast that the firm will report earnings of $1.83 per share, with EPS estimates ranging from $1.55 to $2.03. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Air Transport Services Group.

ATSG has been the topic of several research analyst reports. BidaskClub raised Air Transport Services Group from a “hold” rating to a “buy” rating in a research report on Friday, January 4th. Susquehanna Bancshares raised Air Transport Services Group from a “neutral” rating to a “positive” rating and boosted their target price for the company from $21.00 to $30.00 in a report on Friday, February 8th. Imperial Capital dropped their target price on Air Transport Services Group from $25.00 to $19.00 and set an “outperform” rating on the stock in a report on Tuesday, November 6th. Zacks Investment Research lowered Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Monday, December 17th. Finally, ValuEngine raised Air Transport Services Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, December 12th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $28.33.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATSG. Oppenheimer Asset Management Inc. acquired a new position in shares of Air Transport Services Group in the fourth quarter worth $30,000. Great West Life Assurance Co. Can acquired a new position in shares of Air Transport Services Group in the fourth quarter worth $73,000. Amalgamated Bank acquired a new position in shares of Air Transport Services Group in the fourth quarter worth $201,000. Suntrust Banks Inc. acquired a new position in shares of Air Transport Services Group in the fourth quarter worth $226,000. Finally, Creative Planning acquired a new position in shares of Air Transport Services Group in the third quarter worth $258,000. 88.45% of the stock is owned by institutional investors.

ATSG traded up $0.73 during trading on Friday, hitting $24.90. 710,288 shares of the stock were exchanged, compared to its average volume of 413,197. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 27.67 and a beta of 0.96. Air Transport Services Group has a 1-year low of $17.06 and a 1-year high of $26.91. The company has a quick ratio of 0.88, a current ratio of 1.02 and a debt-to-equity ratio of 1.12.

About Air Transport Services Group

Air Transport Services Group, Inc, through its subsidiaries, operates in the airfreight and logistics industry. The company owns and leases cargo aircraft to airlines and other customers. It also provides airline operations to delivery companies, airlines, freight forwarders, and the U.S. Military, as well as operates charter agreements.

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

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