Air Transport Services Group (ATSG) Set to Announce Earnings on Thursday

Air Transport Services Group (NASDAQ:ATSG) is scheduled to announce its earnings results after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings data on Monday, May 6th. The transportation company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. Air Transport Services Group had a return on equity of 6.61% and a net margin of 2.37%. The company had revenue of $485.50 million for the quarter, compared to the consensus estimate of $479.77 million. During the same period last year, the business posted $0.36 EPS. Air Transport Services Group’s quarterly revenue was down 3.1% on a year-over-year basis. On average, analysts expect Air Transport Services Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Air Transport Services Group Price Performance

ATSG opened at $13.94 on Wednesday. The company has a market capitalization of $916.19 million, a price-to-earnings ratio of 22.13 and a beta of 0.84. The company has a current ratio of 0.75, a quick ratio of 0.63 and a debt-to-equity ratio of 1.20. Air Transport Services Group has a 12-month low of $11.62 and a 12-month high of $24.09. The business’s fifty day simple moving average is $14.05 and its 200-day simple moving average is $13.81.

Analysts Set New Price Targets

A number of research analysts have commented on ATSG shares. Susquehanna raised their target price on shares of Air Transport Services Group from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. Truist Financial reduced their price objective on shares of Air Transport Services Group from $20.00 to $14.00 and set a “hold” rating for the company in a research note on Friday, April 19th. StockNews.com raised Air Transport Services Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Finally, TD Cowen upped their price objective on Air Transport Services Group from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $21.83.

About Air Transport Services Group

Air Transport Services Group, Inc, together with its subsidiaries, provides aircraft leasing, and air cargo transportation and related services in the United States and internationally. It operates in two segments, Cargo Aircraft Management Inc (CAM) and ACMI Services. The company offers aircraft, flight crews, aircraft hull and liability insurance, and aviation fuel services; and aircraft maintenance and modification services, including airframe modification and heavy maintenance, component repairs, engineering services, and aircraft line maintenance.