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

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

Air Transport Services Group Price Performance

Shares of NASDAQ:ATSG opened at $22.29 on Wednesday. The firm has a 50 day simple moving average of $22.17 and a 200 day simple moving average of $19.68. The company has a market cap of $1.47 billion, a price-to-earnings ratio of -557.11 and a beta of 0.84. Air Transport Services Group has a one year low of $11.62 and a one 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.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ATSG shares. StockNews.com began coverage on Air Transport Services Group in a research note on Wednesday. They issued a “hold” rating for the company. Loop Capital reiterated a “hold” rating and set a $22.50 target price (up from $22.00) on shares of Air Transport Services Group in a research report on Tuesday, November 5th. Finally, Truist Financial raised their price target on Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Air Transport Services Group has a consensus rating of “Hold” and an average price target 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.