Air Transport Services Group - ATSG Stock Forecast, Price & News

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. The company offers aircraft, flight crews, aircraft maintenance, 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. It also provides equipment maintenance services; cargo load transfer and package sorting services; crew training services; and airline express operation, line and heavy maintenance, and ground handling services. The company's ground support services include labor and management for cargo load transfer and sorting; design, installation, and maintenance of material handling equipment; leasing and maintenance of ground support equipment; and general facilities maintenance. In addition, it offers equipment installation and maintenance, vehicle maintenance and repair, jet fuel, and deicing services. Further, the company operates cargo and passenger transportation business; resells and brokers aircraft parts; and performs passenger-to-freighter and passenger-to-combi conversions of aircrafts. It provides its services to delivery companies, freight forwarders, airlines, air transportation, e-commerce, package delivery, and logistics industries, as well as government customers. As of December 31, 2021, the company's in-service aircraft fleet consisted of 107 owned aircraft and ten leased aircraft. The company was formerly known as ABX Holdings, Inc. Air Transport Services Group, Inc. was founded in 1980 and is based in Wilmington, Ohio.

Wall Street Analysts Forecast Growth

ATSG has been the subject of several research reports. StockNews.com cut shares of Air Transport Services Group from a "buy" rating to a "hold" rating in a research note on Saturday, June 18th. Cowen lifted their target price on shares of Air Transport Services Group from $31.00 to $40.00 in a report on Monday, May 9th. Finally, Cowen lifted their target price on shares of Air Transport Services Group from $31.00 to $40.00 in a report on Monday, May 9th.

Air Transport Services Group Price Performance

NASDAQ:ATSG traded up $0.09 on Friday, hitting $32.01. The company had a trading volume of 2,862 shares, compared to its average volume of 299,530. The company has a market capitalization of $2.38 billion, a PE ratio of 12.28 and a beta of 0.56. The company's fifty day moving average price is $29.91 and its 200-day moving average price is $30.08. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.19 and a quick ratio of 0.89. Air Transport Services Group has a 12-month low of $23.68 and a 12-month high of $34.54.

Air Transport Services Group (NASDAQ:ATSG - Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The transportation company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.50 by $0.09. The company had revenue of $510.00 million during the quarter, compared to analyst estimates of $505.54 million. Air Transport Services Group had a net margin of 11.01% and a return on equity of 14.39%. The firm's revenue was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 EPS. As a group, analysts predict that Air Transport Services Group will post 2.12 earnings per share for the current year.