Air Transport Services Group (NASDAQ:ATSG) Posts Earnings Results

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

Air Transport Services Group Trading Down 0.0 %

Shares of ATSG stock opened at $22.32 on Tuesday. The company has a 50-day moving average of $22.15 and a two-hundred day moving average of $19.58. The firm has a market cap of $1.47 billion, a PE ratio of -557.86 and a beta of 0.84. Air Transport Services Group has a 1-year low of $11.62 and a 1-year high of $22.38. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ATSG shares. Truist Financial upped their target price on shares of Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Loop Capital reissued a “hold” rating and issued a $22.50 target price (up from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Finally, StockNews.com started coverage on Air Transport Services Group in a report on Tuesday, February 25th. They issued a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Air Transport Services Group has a consensus rating of “Hold” and a consensus target price of $20.60.

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.