Air Transport Services Group Inc. (NASDAQ:ATSG) – Equities research analysts at Imperial Capital dropped their FY2018 earnings per share estimates for shares of Air Transport Services Group in a research note issued on Wednesday, January 30th. Imperial Capital analyst M. Derchin now anticipates that the transportation company will post earnings of $1.30 per share for the year, down from their prior forecast of $1.32. Imperial Capital has a “Outperform” rating and a $31.00 price target on the stock. Imperial Capital also issued estimates for Air Transport Services Group’s Q4 2018 earnings at $0.36 EPS.
Get Air Transport Services Group alerts:ATSG has been the subject of a number of other reports. Stifel Nicolaus set a $27.00 price target on Air Transport Services Group and gave the stock a “buy” rating in a report on Monday, October 15th. Seaport Global Securities set a $30.00 price target on Air Transport Services Group and gave the stock a “buy” rating in a report on Wednesday, January 2nd. Zacks Investment Research upgraded Air Transport Services Group from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Thursday, October 18th. ValuEngine lowered Air Transport Services Group from a “sell” rating to a “strong sell” rating in a report on Thursday, October 18th. Finally, BidaskClub upgraded Air Transport Services Group from a “sell” rating to a “hold” rating in a report on Friday, December 21st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $27.17.
Shares of ATSG stock opened at $23.67 on Friday. Air Transport Services Group has a 12 month low of $17.06 and a 12 month high of $26.91. The company has a market cap of $1.41 billion, a PE ratio of 26.30 and a beta of 1.17. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.02 and a quick ratio of 0.88.
Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings results on Friday, November 2nd. The transportation company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). Air Transport Services Group had a return on equity of 19.89% and a net margin of 18.06%. The business had revenue of $204.90 million for the quarter, compared to analyst estimates of $209.60 million. During the same quarter last year, the firm earned $0.22 earnings per share. The firm’s quarterly revenue was down 19.4% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. IPG Investment Advisors LLC raised its stake in shares of Air Transport Services Group by 6.1% in the fourth quarter. IPG Investment Advisors LLC now owns 645,024 shares of the transportation company’s stock valued at $14,713,000 after purchasing an additional 37,199 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its stake in shares of Air Transport Services Group by 36.0% in the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 387,600 shares of the transportation company’s stock valued at $8,841,000 after purchasing an additional 102,520 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Air Transport Services Group by 44.7% in the fourth quarter. Rhumbline Advisers now owns 80,817 shares of the transportation company’s stock valued at $1,843,000 after purchasing an additional 24,984 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Air Transport Services Group in the fourth quarter valued at $30,000. Finally, Ackerman Capital Advisors LLC raised its stake in shares of Air Transport Services Group by 1,927.6% in the fourth quarter. Ackerman Capital Advisors LLC now owns 182,480 shares of the transportation company’s stock valued at $8,000,000 after purchasing an additional 173,480 shares in the last quarter. Institutional investors and hedge funds own 87.69% of the company’s stock.
Air Transport Services Group Company Profile
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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