Air Transport Services Group, Inc (NASDAQ:ATSG) – Seaport Global Securities boosted their Q4 2017 earnings per share (EPS) estimates for Air Transport Services Group in a research report issued to clients and investors on Thursday. Seaport Global Securities analyst K. Sterling now expects that the transportation company will post earnings per share of $0.27 for the quarter, up from their previous forecast of $0.26.

A number of other brokerages also recently commented on ATSG. Stifel Nicolaus reiterated a “hold” rating and set a $20.00 price objective on shares of Air Transport Services Group in a research report on Friday, August 4th. BidaskClub upgraded Air Transport Services Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. TheStreet downgraded Air Transport Services Group from a “b+” rating to a “c+” rating in a research report on Monday, August 7th. Zacks Investment Research downgraded Air Transport Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, Cowen and Company restated an “outperform” rating and issued a $27.00 target price (up previously from $25.00) on shares of Air Transport Services Group in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $23.13.

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Air Transport Services Group (NASDAQ ATSG) opened at 21.76 on Monday. The company’s market cap is $1.29 billion. The stock has a 50 day moving average of $23.22 and a 200 day moving average of $20.33. Air Transport Services Group has a one year low of $12.94 and a one year high of $25.75.

Air Transport Services Group (NASDAQ:ATSG) last issued its earnings results on Monday, August 7th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02. Air Transport Services Group had a negative net margin of 4.42% and a positive return on equity of 14.27%. The firm had revenue of $253.21 million for the quarter, compared to analysts’ expectations of $235.69 million. During the same quarter last year, the business earned $0.13 earnings per share. The business’s revenue was up 43.4% on a year-over-year basis.

Several large investors have recently modified their holdings of ATSG. Victory Capital Management Inc. boosted its stake in shares of Air Transport Services Group by 18.2% in the first quarter. Victory Capital Management Inc. now owns 6,887 shares of the transportation company’s stock worth $111,000 after buying an additional 1,058 shares during the last quarter. Advisor Group Inc. boosted its stake in shares of Air Transport Services Group by 21.4% in the second quarter. Advisor Group Inc. now owns 6,895 shares of the transportation company’s stock worth $150,000 after buying an additional 1,217 shares during the last quarter. Pacad Investment Ltd. purchased a new stake in shares of Air Transport Services Group during the second quarter worth $168,000. First Mercantile Trust Co. purchased a new stake in shares of Air Transport Services Group during the second quarter worth $169,000. Finally, SG Americas Securities LLC boosted its stake in shares of Air Transport Services Group by 17.1% in the first quarter. SG Americas Securities LLC now owns 11,196 shares of the transportation company’s stock worth $180,000 after buying an additional 1,632 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

In other Air Transport Services Group news, insider W Joseph Payne sold 5,000 shares of Air Transport Services Group stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $24.52, for a total value of $122,600.00. Following the sale, the insider now owns 185,452 shares in the company, valued at $4,547,283.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Willem Mesdag sold 4,377,330 shares of Air Transport Services Group stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $22.42, for a total value of $98,139,738.60. The disclosure for this sale can be found here. Insiders sold 4,386,432 shares of company stock worth $98,353,567 in the last 90 days. Company insiders own 2.20% of the company’s stock.

About Air Transport Services Group

Air Transport Services Group, Inc (ATSG) is a holding company. The Company provides airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. It offers aircraft, crew, maintenance and insurance (ACMI) for specified cargo operations.

Earnings History and Estimates for Air Transport Services Group (NASDAQ:ATSG)

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