Air Transport Services Group (NASDAQ:ATSG) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Air Transport Services Group (NASDAQ:ATSG) announced its earnings results on Friday. The transportation company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.04), Briefing.com reports. The business had revenue of $471.00 million for the quarter, compared to analyst estimates of $507.46 million. Air Transport Services Group had a return on equity of 4.24% and a net margin of 0.90%. The company’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.32 earnings per share.

Air Transport Services Group Stock Up 0.1 %

NASDAQ:ATSG traded up $0.02 during trading hours on Monday, hitting $22.03. The company had a trading volume of 1,807,376 shares, compared to its average volume of 1,460,780. The company has a quick ratio of 0.62, a current ratio of 0.74 and a debt-to-equity ratio of 1.08. The company has a 50-day moving average of $16.55 and a 200 day moving average of $15.11. Air Transport Services Group has a 1 year low of $11.62 and a 1 year high of $22.27.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ATSG. Loop Capital reissued a “hold” rating and issued a $22.50 price objective (up from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Truist Financial increased their price objective on Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus increased their price objective on 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. Four 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 has an average rating of “Hold” and an average target price of $20.60.

About Air Transport Services Group

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.