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. In addition, the company offers mail and package sorting services, as well as related maintenance services for material handling equipment, ground equipment, and facilities; airframe modification and maintenance, component repair, engineering, aircraft line maintenance, and insurance services; and flight crew training, load transfer and sorting services. Further, it rents ground equipment and sells aviation fuel; and resells and brokers aircraft parts. As of December 31, 2018, the company owned a fleet of 91 serviceable Boeing 777,767, 757, and 737 passenger and cargo aircraft. The company, formerly known as ABX Holdings, Inc., was founded in 1980 and is headquartered in Wilmington, Ohio.
Industry, Sector and Symbol
Industry Air courier services
Sub-IndustryAir Freight & Logistics
SectorTransportation
Phone937-382-5591
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$892.34 million
Profitability
Miscellaneous
Employees3,830
Next Earnings Date5/6/2019 (Estimated)
OptionableOptionable
Air Transport Services Group (NASDAQ:ATSG) Frequently Asked Questions
What is Air Transport Services Group's stock symbol?
Air Transport Services Group trades on the NASDAQ under the ticker symbol "ATSG."
How will Air Transport Services Group's stock buyback program work?
Air Transport Services Group declared that its Board of Directors has approved a share buyback plan on Wednesday, February 28th 2018, which allows the company to repurchase $50,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its shares are undervalued.
How were Air Transport Services Group's earnings last quarter?
Air Transport Services Group Inc. (NASDAQ:ATSG) issued its quarterly earnings results on Wednesday, February, 27th. The transportation company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.33 by $0.03. The transportation company earned $280.78 million during the quarter, compared to analyst estimates of $228.42 million. Air Transport Services Group had a return on equity of 20.19% and a net margin of 7.76%. The company's revenue for the quarter was down 13.1% compared to the same quarter last year. During the same period last year, the company earned $0.30 earnings per share. View Air Transport Services Group's Earnings History.
When is Air Transport Services Group's next earnings date?
What price target have analysts set for ATSG?
5 brokers have issued 12 month price targets for Air Transport Services Group's stock. Their predictions range from $27.00 to $30.00. On average, they anticipate Air Transport Services Group's share price to reach $28.60 in the next twelve months. This suggests a possible upside of 22.2% from the stock's current price. View Analyst Price Targets for Air Transport Services Group.
What is the consensus analysts' recommendation for Air Transport Services Group?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Air Transport Services Group in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Air Transport Services Group.
Has Air Transport Services Group been receiving favorable news coverage?
Press coverage about ATSG stock has been trending somewhat positive recently, InfoTrie reports. The research group identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Air Transport Services Group earned a media sentiment score of 1.6 on InfoTrie's scale. They also gave news stories about the transportation company a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term.
Are investors shorting Air Transport Services Group?
Air Transport Services Group saw a increase in short interest in March. As of March 15th, there was short interest totalling 1,724,071 shares, an increase of 47.2% from the February 28th total of 1,171,136 shares. Based on an average trading volume of 717,556 shares, the days-to-cover ratio is presently 2.4 days. Approximately 3.0% of the company's stock are sold short. View Air Transport Services Group's Current Options Chain.
Who are some of Air Transport Services Group's key competitors?
Some companies that are related to Air Transport Services Group include JetBlue Airways (JBLU), Air France-KLM (AFLYY), Genesee & Wyoming (GWR), PANALPINA WELTT/ADR (PLWTY), COSCO SHIPPING/ADR (CICOY), Kirby (KEX), Landstar System (LSTR), Air Lease (AL), Schneider National (SNDR), BBA AVIATION PL/ADR (BBAVY), Ryder System (R), ROYAL MAIL PLC/ADR (ROYMY), Copa (CPA), Trinity Industries (TRN) and SkyWest (SKYW).
What other stocks do shareholders of Air Transport Services Group own?
Who are Air Transport Services Group's key executives?
Air Transport Services Group's management team includes the folowing people:
- Mr. Joseph C. Hete, Pres, CEO & Director (Age 64)
- Mr. Quint O. Turner, Chief Financial Officer (Age 56)
- Mr. Richard F. Corrado, Chief Operating Officer (Age 59)
- Mr. W. Joseph Payne, Chief Legal Officer & Sec. (Age 55)
- Mr. Michael L. Berger, Chief Commercial Officer & Pres of Airborne Global Solutions (Age 57)
Who are Air Transport Services Group's major shareholders?
Air Transport Services Group's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Deroy & Devereaux Private Investment Counsel Inc. (1.46%). Company insiders that own Air Transport Services Group stock include Brady Thomas Templeton, Jeffrey C Crippen, Jeffrey J Vorholt, Joseph C Hete, Joseph Edward Roux, Matthew E Fedders, Michael L Berger, Quint O Turner, Raymond E Johns Jr, Richard Francis Corrado, Richard M Baudouin, Robert K Coretz, W Joseph Payne and Willem Mesdag. View Institutional Ownership Trends for Air Transport Services Group.
Which major investors are selling Air Transport Services Group stock?
ATSG stock was sold by a variety of institutional investors in the last quarter, including Deroy & Devereaux Private Investment Counsel Inc.. Company insiders that have sold Air Transport Services Group company stock in the last year include Quint O Turner and W Joseph Payne. View Insider Buying and Selling for Air Transport Services Group.
How do I buy shares of Air Transport Services Group?
Shares of ATSG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Air Transport Services Group's stock price today?
One share of ATSG stock can currently be purchased for approximately $23.40.
How big of a company is Air Transport Services Group?
Air Transport Services Group has a market capitalization of $1.39 billion and generates $892.34 million in revenue each year. The transportation company earns $69.29 million in net income (profit) each year or $1.25 on an earnings per share basis. Air Transport Services Group employs 3,830 workers across the globe.
What is Air Transport Services Group's official website?
How can I contact Air Transport Services Group?
Air Transport Services Group's mailing address is 145 HUNTER DR, WILMINGTON OH, 45177. The transportation company can be reached via phone at 937-382-5591 or via email at [email protected]
MarketBeat Community Rating for Air Transport Services Group (NASDAQ ATSG)
MarketBeat's community ratings are surveys of what our community members think about Air Transport Services Group and other stocks. Vote "Outperform" if you believe ATSG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ATSG will underperform the S&P 500 over the long term. You may vote once every thirty days.
