Brokerages expect that Air Transport Services Group Inc. (NASDAQ:ATSG) will announce $359.35 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Air Transport Services Group’s earnings. The lowest sales estimate is $353.40 million and the highest is $365.30 million. Air Transport Services Group posted sales of $334.58 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.4%. The business is scheduled to report its next earnings results on Monday, August 3rd.
On average, analysts expect that Air Transport Services Group will report full year sales of $1.55 billion for the current fiscal year, with estimates ranging from $1.52 billion to $1.57 billion. For the next financial year, analysts forecast that the firm will report sales of $1.72 billion, with estimates ranging from $1.71 billion to $1.73 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Air Transport Services Group.
Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings data on Tuesday, May 5th. The transportation company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.03. The business had revenue of $389.30 million for the quarter, compared to analyst estimates of $367.25 million. Air Transport Services Group had a net margin of 11.79% and a return on equity of 22.63%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 earnings per share.
In related news, Director Jeffrey J. Vorholt sold 3,728 shares of the company’s stock in a transaction dated Friday, June 19th. The shares were sold at an average price of $21.80, for a total value of $81,270.40. Following the transaction, the director now directly owns 20,000 shares in the company, valued at $436,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Kennedy Capital Management Inc. grew its stake in shares of Air Transport Services Group by 3.0% in the fourth quarter. Kennedy Capital Management Inc. now owns 352,929 shares of the transportation company’s stock valued at $8,280,000 after acquiring an additional 10,299 shares in the last quarter. Tudor Investment Corp Et Al acquired a new position in shares of Air Transport Services Group in the first quarter valued at about $520,000. Axiom International Investors LLC DE grew its stake in shares of Air Transport Services Group by 33.0% in the fourth quarter. Axiom International Investors LLC DE now owns 191,200 shares of the transportation company’s stock valued at $4,486,000 after acquiring an additional 47,450 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Air Transport Services Group by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 811,546 shares of the transportation company’s stock valued at $19,038,000 after acquiring an additional 15,571 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Air Transport Services Group by 754.0% in the first quarter. Russell Investments Group Ltd. now owns 1,465,442 shares of the transportation company’s stock valued at $26,783,000 after acquiring an additional 1,293,838 shares in the last quarter. Institutional investors and hedge funds own 91.67% of the company’s stock.
Shares of ATSG stock traded up $0.50 during trading on Friday, reaching $22.67. The company’s stock had a trading volume of 500,310 shares, compared to its average volume of 570,874. The business has a fifty day moving average price of $21.35 and a 200-day moving average price of $20.66. The company has a quick ratio of 1.04, a current ratio of 1.21 and a debt-to-equity ratio of 2.64. The company has a market cap of $1.35 billion, a price-to-earnings ratio of -1,133.50 and a beta of 0.86. Air Transport Services Group has a one year low of $13.20 and a one year high of $25.60.
About Air Transport Services Group
Air Transport Services Group, Inc, through its subsidiaries, operates in the airfreight and logistics industry. The company owns and leases cargo aircraft to airlines and other customers. It also provides airline operations to delivery companies, airlines, freight forwarders, and the U.S. Military, as well as operates charter agreements.
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