Air Transport Services Group (ATSG) Getting Somewhat Favorable News Coverage, Report Shows

News stories about Air Transport Services Group (NASDAQ:ATSG) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Air Transport Services Group earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned media coverage about the transportation company an impact score of 45.7326214226176 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Air Transport Services Group (NASDAQ:ATSG) traded up $0.18 on Friday, hitting $23.14. The stock had a trading volume of 318,577 shares, compared to its average volume of 337,612. Air Transport Services Group has a 12 month low of $14.97 and a 12 month high of $26.75. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 1.62. The company has a market cap of $1,368.06, a P/E ratio of -17.66 and a beta of 1.96.

Air Transport Services Group (NASDAQ:ATSG) last issued its earnings results on Monday, November 6th. The transportation company reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. The business had revenue of $254.10 million for the quarter, compared to analysts’ expectations of $256.13 million. Air Transport Services Group had a positive return on equity of 16.62% and a negative net margin of 7.77%. The company’s quarterly revenue was up 31.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 EPS. research analysts expect that Air Transport Services Group will post 0.86 earnings per share for the current fiscal year.

A number of research firms have recently commented on ATSG. Stephens reissued an “overweight” rating and issued a $29.00 price objective (up previously from $27.00) on shares of Air Transport Services Group in a research note on Tuesday, November 7th. Stifel Nicolaus reissued a “hold” rating and issued a $22.00 price objective (up previously from $20.00) on shares of Air Transport Services Group in a research note on Tuesday, November 7th. Zacks Investment Research downgraded Air Transport Services Group from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Cowen set a $27.00 price objective on Air Transport Services Group and gave the stock a “buy” rating in a research note on Friday, October 13th. Finally, ValuEngine downgraded Air Transport Services Group from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $24.86.

In related news, insider W Joseph Payne sold 7,500 shares of Air Transport Services Group stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $24.20, for a total value of $181,500.00. Following the transaction, the insider now directly owns 177,952 shares in the company, valued at approximately $4,306,438.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Edward Roux sold 10,012 shares of Air Transport Services Group stock in a transaction on Monday, November 13th. The stock was sold at an average price of $23.61, for a total value of $236,383.32. Following the completion of the transaction, the director now owns 27,862 shares in the company, valued at $657,821.82. The disclosure for this sale can be found here. Insiders sold a total of 25,012 shares of company stock worth $597,748 over the last 90 days. Insiders own 2.20% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Air Transport Services Group (NASDAQ:ATSG)

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