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.

Air Transport Services Group Stock Performance

Shares of ATSG opened at $32.07 on Monday. The company has a quick ratio of 0.89, a current ratio of 1.19 and a debt-to-equity ratio of 0.96. The company has a 50-day simple moving average of $29.93 and a 200-day simple moving average of $30.18. Air Transport Services Group has a 52-week low of $23.68 and a 52-week high of $34.54. The company has a market capitalization of $2.38 billion, a PE ratio of 12.33 and a beta of 0.56.

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

Analysts Set New Price Targets

Several research firms have recently commented on ATSG. Cowen lifted their price objective on shares of Air Transport Services Group from $31.00 to $40.00 in a research note on Monday, May 9th. Cowen boosted their target price on shares of Air Transport Services Group from $31.00 to $40.00 in a research note on Monday, May 9th. Finally, StockNews.com lowered shares of Air Transport Services Group from a "buy" rating to a "hold" rating in a report on Saturday, June 18th.