Seaport Global Securities Weighs in on Air Transport Services Group Inc.’s Q4 2018 Earnings (ATSG)

Seaport Global Securities Weighs in on Air Transport Services Group Inc.’s Q4 2018 Earnings (ATSG)

Air Transport Services Group Inc. (NASDAQ:ATSG) – Stock analysts at Seaport Global Securities lifted their Q4 2018 earnings per share estimates for Air Transport Services Group in a research report issued on Thursday. Seaport Global Securities analyst K. Sterling now anticipates that the transportation company will post earnings per share of $0.42 for the quarter, up from their previous estimate of $0.40.

Other analysts have also issued reports about the company. Zacks Investment Research upgraded Air Transport Services Group from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Tuesday, January 31st. Imperial Capital lifted their price objective on Air Transport Services Group from $18.00 to $23.00 and gave the stock an “in-line” rating in a research report on Friday. Cowen and Company lifted their price objective on Air Transport Services Group from $19.00 to $25.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Stephens upgraded Air Transport Services Group from an “equal weight” rating to an “overweight” rating and set a $22.00 price objective for the company in a research report on Saturday, March 11th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $21.60.

Air Transport Services Group (NASDAQ:ATSG) traded up 4.79% during trading on Friday, hitting $22.99. 1,352,740 shares of the stock traded hands. The stock has a market cap of $1.37 billion, a P/E ratio of 62.30 and a beta of 1.75. Air Transport Services Group has a 52 week low of $12.36 and a 52 week high of $23.37. The firm’s 50-day moving average is $17.13 and its 200 day moving average is $16.30.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings data on Wednesday, May 3rd. The transportation company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.06. Air Transport Services Group had a net margin of 5.04% and a return on equity of 10.56%. The company earned $237.92 million during the quarter, compared to analyst estimates of $214.09 million.

Several institutional investors have recently bought and sold shares of the company. Nationwide Fund Advisors raised its position in Air Transport Services Group by 0.4% in the first quarter. Nationwide Fund Advisors now owns 43,693 shares of the transportation company’s stock valued at $701,000 after buying an additional 189 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its position in Air Transport Services Group by 1.1% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 97,950 shares of the transportation company’s stock valued at $1,406,000 after buying an additional 1,100 shares during the last quarter. LSV Asset Management raised its position in Air Transport Services Group by 0.7% in the first quarter. LSV Asset Management now owns 382,000 shares of the transportation company’s stock valued at $6,131,000 after buying an additional 2,500 shares during the last quarter. Uniplan Investment Counsel Inc. raised its position in Air Transport Services Group by 0.5% in the third quarter. Uniplan Investment Counsel Inc. now owns 594,163 shares of the transportation company’s stock valued at $8,526,000 after buying an additional 2,802 shares during the last quarter. Finally, Two Sigma Investments LP raised its position in Air Transport Services Group by 1.2% in the fourth quarter. Two Sigma Investments LP now owns 264,673 shares of the transportation company’s stock valued at $4,224,000 after buying an additional 3,128 shares during the last quarter. Institutional investors own 85.88% of the company’s stock.

In other news, insider Willem Mesdag sold 623,433 shares of the business’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $16.83, for a total transaction of $10,492,377.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.20% of the stock is currently owned by insiders.

Air Transport Services Group Company Profile

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.

Related posts

Leave a Comment