Air Transport Services Group (ATSG) Projected to Post Quarterly Earnings on Monday

Air Transport Services Group (NASDAQ:ATSG) is expected to be releasing its earnings data before the market opens on Monday, February 24th. Analysts expect Air Transport Services Group to post earnings of $0.29 per share and revenue of $521.36 million for the quarter.

Air Transport Services Group Stock Performance

Shares of Air Transport Services Group stock opened at $22.30 on Friday. Air Transport Services Group has a fifty-two week low of $11.62 and a fifty-two week high of $22.35. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68. The firm has a market capitalization of $1.47 billion, a P/E ratio of -557.36 and a beta of 0.84. The company’s 50 day moving average price is $22.11 and its two-hundred day moving average price is $19.28.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ATSG. Loop Capital restated a “hold” rating and issued a $22.50 target price (up previously from $22.00) on shares of Air Transport Services Group in a research report on Tuesday, November 5th. Truist Financial raised their price target on shares of Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Finally, StockNews.com began coverage on shares of Air Transport Services Group in a research note on Monday, February 17th. They set a “hold” rating for the company. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Air Transport Services Group currently has a consensus rating of “Hold” and a consensus target price of $20.60.

Air Transport Services Group Company Profile

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.