Air Transport Services Group (ATSG) Expected to Announce Quarterly Earnings on Monday

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

Air Transport Services Group Stock Performance

Shares of ATSG opened at $22.24 on Monday. Air Transport Services Group has a 12 month low of $11.62 and a 12 month high of $22.33. The stock has a fifty day moving average price of $22.08 and a 200-day moving average price of $19.04. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06. The firm has a market cap of $1.46 billion, a PE ratio of -555.86 and a beta of 0.84.

Wall Street Analysts Forecast Growth

ATSG has been the subject of a number of research analyst reports. 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 note on Tuesday, November 5th. StockNews.com initiated coverage on Air Transport Services Group in a research note on Monday. They issued a “hold” rating for the company. Finally, Truist Financial raised their target price on Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Air Transport Services Group has a consensus rating of “Hold” and an average price target of $20.60.

About Air Transport Services Group

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.