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NASDAQ:ATSG

Air Transport Services Group (ATSG) Stock Price, News & Analysis

$16.52
+0.03 (+0.18%)
(As of 10/17/2024 ET)

About Air Transport Services Group Stock (NASDAQ:ATSG)

Key Stats

Today's Range
$16.34
$16.62
50-Day Range
$13.26
$16.86
52-Week Range
$11.62
$21.14
Volume
325,405 shs
Average Volume
524,827 shs
Market Capitalization
$1.09 billion
P/E Ratio
66.08
Dividend Yield
N/A
Price Target
$18.25
Consensus Rating
Moderate Buy

Company Overview

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. It also provides equipment maintenance services; cargo load transfer and package sorting services; crew training services; and airline express operation, line and heavy maintenance, and ground handling services. The company's ground support services include labor and management for cargo load transfer and sorting; design, installation, and maintenance of material handling equipment; leasing and maintenance of ground support equipment; general facilities maintenance; and resells aviation fuel at the air park in Wilmington, Ohio. Further, the company operates cargo and passenger transportation business; resells and brokers aircraft parts; and performs passenger-to-freighter and passenger-to-combi conversions of aircraft. It provides its services to delivery companies, freight forwarders, airlines, air transportation, e-commerce, package delivery, and logistics industries, as well as government customers. As of December 31, 2023, the company's in-service aircraft fleet consisted of 107 owned Boeing aircraft, three Airbus aircraft, and 20 leased aircraft. The company was formerly known as ABX Holdings, Inc. and changed its name to Air Transport Services Group, Inc. Air Transport Services Group, Inc. was founded in 1980 and is headquartered in Wilmington, Ohio.

Air Transport Services Group Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
75th Percentile Overall Score

ATSG MarketRank™: 

Air Transport Services Group scored higher than 75% of companies evaluated by MarketBeat, and ranked 51st out of 122 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Air Transport Services Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Air Transport Services Group has only been the subject of 2 research reports in the past 90 days.

  • Read more about Air Transport Services Group's stock forecast and price target.
  • Earnings Growth

    Earnings for Air Transport Services Group are expected to grow by 38.10% in the coming year, from $0.84 to $1.16 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Air Transport Services Group is 66.08, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.84.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Air Transport Services Group is 66.08, which means that it is trading at a more expensive P/E ratio than the Transportation sector average P/E ratio of about 21.87.

  • Price to Book Value per Share Ratio

    Air Transport Services Group has a P/B Ratio of 0.79. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Air Transport Services Group's valuation and earnings.
  • Percentage of Shares Shorted

    6.31% of the float of Air Transport Services Group has been sold short.
  • Short Interest Ratio / Days to Cover

    Air Transport Services Group has a short interest ratio ("days to cover") of 6.8.
  • Change versus previous month

    Short interest in Air Transport Services Group has recently decreased by 4.75%, indicating that investor sentiment is improving.
  • Dividend Yield

    Air Transport Services Group does not currently pay a dividend.

  • Dividend Growth

    Air Transport Services Group does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    6.31% of the float of Air Transport Services Group has been sold short.
  • Short Interest Ratio / Days to Cover

    Air Transport Services Group has a short interest ratio ("days to cover") of 6.8.
  • Change versus previous month

    Short interest in Air Transport Services Group has recently decreased by 4.75%, indicating that investor sentiment is improving.
  • News Sentiment

    Air Transport Services Group has a news sentiment score of 0.92. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.61 average news sentiment score of Transportation companies.
  • News Coverage This Week

    MarketBeat has tracked 10 news articles for Air Transport Services Group this week, compared to 3 articles on an average week.
  • Search Interest

    Only 2 people have searched for ATSG on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Air Transport Services Group insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 3.30% of the stock of Air Transport Services Group is held by insiders.

  • Percentage Held by Institutions

    91.81% of the stock of Air Transport Services Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Air Transport Services Group's insider trading history.
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ATSG Stock News Headlines

ATSG to Host Third Quarter 2024 Investor Conference Call
Crypto’s next big bull run?
Juan Villaverde may be America’s top crypto expert. And he says something big is coming for crypto – on November 5. Just a day after the American election, Juan believes crypto could start a massive run up …
ATSG donates books to Putnam Elementary School
See More Headlines

ATSG Stock Analysis - Frequently Asked Questions

Air Transport Services Group's stock was trading at $17.61 at the start of the year. Since then, ATSG shares have decreased by 6.2% and is now trading at $16.52.
View the best growth stocks for 2024 here
.

Air Transport Services Group, Inc. (NASDAQ:ATSG) 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's quarterly revenue was down 7.7% on a year-over-year basis.

Top institutional investors of Air Transport Services Group include Oliver Luxxe Assets LLC (0.18%), Central Pacific Bank Trust Division (0.03%), Creative Planning (0.02%) and SG Americas Securities LLC (0.02%). Insiders that own company stock include Amazon Com Inc, Joseph C Hete, Richard Francis Corrado, Michael L Berger, Randy D Rademacher, Matthew E Fedders, Jeffrey J Vorholt, Edward Joseph Koharik III, Raymond E Johns Jr, Edward Russell Smethwick, John Christopher Teets, James T Pradetto, David R Soaper, Deborah A Loveless and Quint O Turner.
View institutional ownership trends
.

Shares of ATSG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Air Transport Services Group investors own include Anworth Mortgage Asset (ANH), Fifth Third Bancorp (FITB), Automatic Data Processing (ADP), Procter & Gamble (PG), Tesla (TSLA), Advanced Micro Devices (AMD) and Meta Platforms (META).

Company Calendar

Last Earnings
8/08/2024
Today
10/17/2024
Next Earnings (Estimated)
11/04/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Air courier services
Sub-Industry
Air Freight & Logistics
Current Symbol
NASDAQ:ATSG
CUSIP
00922R10
Employees
5,095
Year Founded
2007

Price Target and Rating

Average Stock Price Target
$18.25
High Stock Price Target
$25.00
Low Stock Price Target
$15.00
Potential Upside/Downside
+10.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$60.33 million
Pretax Margin
1.54%

Debt

Sales & Book Value

Annual Sales
$2.01 billion
Cash Flow
$8.18 per share
Book Value
$20.97 per share

Miscellaneous

Free Float
63,590,000
Market Cap
$1.09 billion
Optionable
Optionable
Beta
0.82

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This page (NASDAQ:ATSG) was last updated on 10/17/2024 by MarketBeat.com Staff
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