Air Transport Services Group (NASDAQ:ATSG) Issues Quarterly Earnings Results

Air Transport Services Group (NASDAQ:ATSG) posted its quarterly earnings results on Monday. The transportation company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05, Zacks reports. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $521.36 million.

Air Transport Services Group Stock Down 0.0 %

Shares of Air Transport Services Group stock opened at $22.32 on Tuesday. Air Transport Services Group has a one year low of $11.62 and a one year high of $22.38. The company has a market cap of $1.47 billion, a P/E ratio of -557.86 and a beta of 0.84. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81. The firm has a fifty day moving average of $22.15 and a two-hundred day moving average of $19.58.

Wall Street Analyst Weigh In

ATSG has been the topic of a number of analyst reports. Truist Financial increased their price target on Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Loop Capital reiterated a “hold” rating and issued a $22.50 price target (up previously from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Finally, StockNews.com began coverage on shares of Air Transport Services Group in a research note on Tuesday, February 25th. They set a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Air Transport Services Group has a consensus rating of “Hold” and a consensus price target of $20.60.

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.