Air Transport Services Group, Inc (NASDAQ:ATSG) to Post FY2017 Earnings of $0.85 Per Share, Imperial Capital Forecasts

Air Transport Services Group, Inc (NASDAQ:ATSG) – Stock analysts at Imperial Capital lowered their FY2017 earnings per share estimates for shares of Air Transport Services Group in a report issued on Wednesday. Imperial Capital analyst M. Derchin now expects that the transportation company will earn $0.85 per share for the year, down from their previous forecast of $0.95. Imperial Capital currently has a “In-Line” rating and a $23.00 price target on the stock. Imperial Capital also issued estimates for Air Transport Services Group’s FY2018 earnings at $1.05 EPS and FY2019 earnings at $1.25 EPS.

Air Transport Services Group (NASDAQ:ATSG) last posted its earnings results on Monday, August 7th. The transportation company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.02. The business had revenue of $253.21 million during the quarter, compared to analyst estimates of $235.69 million. Air Transport Services Group had a positive return on equity of 14.27% and a negative net margin of 4.42%. The company’s quarterly revenue was up 43.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 EPS.

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Several other brokerages have also commented on ATSG. Stifel Nicolaus reiterated a “hold” rating and set a $20.00 price objective on shares of Air Transport Services Group in a report on Friday, August 4th. BidaskClub upgraded Air Transport Services Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. TheStreet lowered Air Transport Services Group from a “b+” rating to a “c+” rating in a report on Monday, August 7th. Zacks Investment Research lowered Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Cowen and Company reiterated an “outperform” rating and set a $27.00 price objective (up previously from $25.00) on shares of Air Transport Services Group in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $23.29.

Shares of Air Transport Services Group (NASDAQ ATSG) opened at 22.70 on Friday. The company’s market cap is $1.34 billion. The firm has a 50 day moving average price of $23.32 and a 200-day moving average price of $19.92. Air Transport Services Group has a 12-month low of $12.94 and a 12-month high of $25.75.

A number of large investors have recently made changes to their positions in ATSG. EAM Investors LLC increased its stake in shares of Air Transport Services Group by 27.9% in the second quarter. EAM Investors LLC now owns 38,875 shares of the transportation company’s stock valued at $847,000 after buying an additional 8,477 shares in the last quarter. Advisor Group Inc. increased its stake in shares of Air Transport Services Group by 21.4% in the second quarter. Advisor Group Inc. now owns 6,895 shares of the transportation company’s stock valued at $150,000 after buying an additional 1,217 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Air Transport Services Group by 6.1% in the second quarter. Vanguard Group Inc. now owns 4,295,754 shares of the transportation company’s stock valued at $93,562,000 after buying an additional 245,120 shares in the last quarter. Northern Trust Corp increased its stake in shares of Air Transport Services Group by 14.7% in the second quarter. Northern Trust Corp now owns 683,458 shares of the transportation company’s stock valued at $14,885,000 after buying an additional 87,537 shares in the last quarter. Finally, Penn Capital Management Co. Inc. increased its stake in shares of Air Transport Services Group by 1.1% in the second quarter. Penn Capital Management Co. Inc. now owns 82,225 shares of the transportation company’s stock valued at $1,791,000 after buying an additional 899 shares in the last quarter. 87.64% of the stock is currently owned by institutional investors.

In other Air Transport Services Group news, insider W Joseph Payne sold 5,000 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $24.52, for a total transaction of $122,600.00. Following the sale, the insider now directly owns 185,452 shares of the company’s stock, valued at approximately $4,547,283.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Matthew E. Fedders sold 4,102 shares of the stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $22.24, for a total value of $91,228.48. Following the sale, the vice president now directly owns 24,842 shares in the company, valued at $552,486.08. The disclosure for this sale can be found here. Insiders sold a total of 4,414,480 shares of company stock valued at $99,000,315 in the last 90 days. 2.20% of the stock is currently owned by company insiders.

Air Transport Services Group Company Profile

Air Transport Services Group, Inc (ATSG) is a holding company. The Company provides airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. It offers aircraft, crew, maintenance and insurance (ACMI) for specified cargo operations.

Earnings History and Estimates for Air Transport Services Group (NASDAQ:ATSG)

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