Air Transport Services Group (ATSG) to Release Quarterly Earnings on Friday

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) is set to release its earnings data before the market opens on Friday, November 8th. Analysts expect Air Transport Services Group to post earnings of $0.19 per share for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last posted its earnings results on Thursday, August 8th. The transportation company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. The business had revenue of $488.41 million during the quarter, compared to the consensus estimate of $513.67 million. Air Transport Services Group had a return on equity of 4.24% and a net margin of 0.90%. The business's quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.57 EPS. 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 Stock Performance

NASDAQ:ATSG traded up $0.16 during mid-day trading on Friday, reaching $17.40. 421,795 shares of the stock were exchanged, compared to its average volume of 519,514. The company has a quick ratio of 0.62, a current ratio of 0.74 and a debt-to-equity ratio of 1.08. Air Transport Services Group has a 1 year low of $11.62 and a 1 year high of $20.79. The company has a 50 day simple moving average of $15.87 and a 200-day simple moving average of $14.65. The stock has a market capitalization of $1.14 billion, a P/E ratio of 69.12 and a beta of 0.82.

Wall Street Analyst Weigh In

ATSG has been the topic of a number of recent research reports. Truist Financial lifted their target price on shares of Air Transport Services Group from $14.00 to $15.00 and gave the company a "hold" rating in a report on Monday, August 12th. Stifel Nicolaus lifted their price objective on shares of Air Transport Services Group from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Monday, August 12th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $18.25.

Air Transport Services Group Company Profile

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.