Air Transport Services Group (NASDAQ:ATSG) Issues Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) issued its earnings results on Monday. The transportation company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.05, Zacks reports. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $521.36 million. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%.

Air Transport Services Group Price Performance

Shares of NASDAQ ATSG remained flat at $22.29 during mid-day trading on Wednesday. The company had a trading volume of 939,758 shares, compared to its average volume of 956,597. Air Transport Services Group has a 1-year low of $11.62 and a 1-year high of $22.38. The firm has a market cap of $1.47 billion, a PE ratio of -557.11 and a beta of 0.84. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06. The firm's 50 day simple moving average is $22.17 and its 200 day simple moving average is $19.68.

Wall Street Analyst Weigh In

ATSG has been the topic of several research reports. StockNews.com initiated coverage on Air Transport Services Group in a research note on Wednesday. They set a "hold" rating on the stock. Truist Financial boosted their price target on Air Transport Services Group from $15.00 to $22.50 and gave the company a "hold" rating in a report on Tuesday, November 5th. Finally, Loop Capital restated a "hold" rating and set a $22.50 price objective (up from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average 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.