Headlines about Air Transport Services Group (NASDAQ:ATSG) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Air Transport Services Group earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned media stories about the transportation company an impact score of 48.085723489568 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of research firms have recently commented on ATSG. BidaskClub cut shares of Air Transport Services Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 19th. Imperial Capital reduced their target price on shares of Air Transport Services Group from $26.00 to $24.00 and set a “line” rating on the stock in a research report on Thursday, May 17th. TheStreet raised shares of Air Transport Services Group from a “c” rating to a “b” rating in a research report on Wednesday, February 28th. ValuEngine raised shares of Air Transport Services Group from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Susquehanna Bancshares set a $27.00 target price on shares of Air Transport Services Group and gave the stock a “hold” rating in a research report on Friday, March 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $27.00.
Shares of NASDAQ:ATSG opened at $20.92 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.12 and a quick ratio of 0.99. The firm has a market capitalization of $1.23 billion, a P/E ratio of 23.24 and a beta of 1.85. Air Transport Services Group has a 12-month low of $19.17 and a 12-month high of $27.67.
Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings results on Tuesday, May 8th. The transportation company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.13. The business had revenue of $257.40 million during the quarter, compared to analyst estimates of $244.15 million. Air Transport Services Group had a net margin of 2.36% and a return on equity of 21.26%. The business’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.17 earnings per share. equities research analysts predict that Air Transport Services Group will post 1.26 earnings per share for the current year.
Air Transport Services Group announced that its Board of Directors has initiated a share repurchase program on Tuesday, February 27th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the transportation company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
In other Air Transport Services Group news, insider W Joseph Payne sold 7,500 shares of the business’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $26.09, for a total transaction of $195,675.00. Following the completion of the sale, the insider now owns 155,060 shares in the company, valued at $4,045,515.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Quint O. Turner sold 4,000 shares of the business’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $24.88, for a total transaction of $99,520.00. Following the sale, the chief financial officer now owns 253,124 shares of the company’s stock, valued at approximately $6,297,725.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,739 shares of company stock valued at $763,097. Insiders own 2.10% of the company’s stock.
Air Transport Services Group Company Profile
Air Transport Services Group, Inc, through its subsidiaries, operates in the airfreight and logistics industry. The company owns and leases cargo aircraft to airlines and other customers. It also provides airline operations to delivery companies, airlines, freight forwarders, and the U.S. Military, as well as operates charter agreements.
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