ATSG - Air Transport Services Group, Inc.
Chart Events
Momentum
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 17.32 |
| Open | 17.78 |
| Bid | 18.28 x 800 |
| Ask | 18.34 x 2200 |
| Day's Range | 17.75 - 18.56 |
| 52 Week Range | 13.20 - 25.60 |
| Volume | 270,647 |
| Avg. Volume | 589,092 |
| Market Cap | 1.107B |
| Beta (5Y Monthly) | 0.87 |
| PE Ratio (TTM) | 23.40 |
| EPS (TTM) | 0.79 |
| Earnings Date | Mar 01, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 26.21 |
Fair Value
Related Research
- Business Wire
ATSG Wins U.S. Postal Service Contract For New Sort Center
ATSG said today its subsidiary, LGSTX Services, has been awarded a contract with the U.S. Postal Service to operate a sort facility in Aurora, IL.
- Moody's
Voyager Aviation Holdings, LLC -- Moody's takes actions on the ratings of 7 aircraft lessors; changes aircraft leasing sector outlook to negative from stable due to coronavirus uncertainty
Moody's Investors Service, ("Moody's") has affirmed the ratings of the following aircraft leasing companies and revised their outlooks to negative: AerCap Holdings N.V. (Baa3 backed issuer rating), Aviation Capital Group LLC (Baa2 issuer rating), Avolon Holdings Limited (Baa3 backed issuer rating), DAE Funding LLC (Baa3 backed long-term senior unsecured), Fly Leasing Limited (Ba3 corporate family rating), and Voyager Aviation Holdings, LLC (B1 corporate family rating). Moody's has also revised the review of Aircastle Limited's Baa3 long-term senior unsecured rating to review for downgrade from review direction uncertain.
- Simply Wall St.
What Is Air Transport Services Group's (NASDAQ:ATSG) P/E Ratio After Its Share Price Tanked?
Unfortunately for some shareholders, the Air Transport Services Group (NASDAQ:ATSG) share price has dived 32% in the...
- Simply Wall St.
How Air Transport Services Group, Inc. (NASDAQ:ATSG) Can Impact Your Portfolio Volatility
If you're interested in Air Transport Services Group, Inc. (NASDAQ:ATSG), then you might want to consider its beta (a...
- Thomson Reuters StreetEvents
Edited Transcript of ATSG earnings conference call or presentation 3-Mar-20 3:00pm GMT
Q4 2019 Air Transport Services Group, Inc. Earnings Call
- Benzinga
ATSG Gains In Q4 On Strength Of E-Commerce, Military Customers
Air Transport Services Group (NASDAQ: ATSG) reported fourth-quarter adjusted pretax earnings increased $28.1 million, or 29%, to $124.3 million, ahead of analysts' expectations, on the strength of its aircraft leasing and contract air transport divisions.ATSG's fourth-quarter revenue topped $403 million, about $40 million above consensus estimates, driven by strong growth of 5.1% in turnkey business (aircraft, crew, maintenance and insurance), most of which is attributed to the increase in outsourced flying of Boeing 767 freighters for Amazon.com, peak season flying for UPS and the 2018 acquisition of Omni Air International, which provides passenger and government charters.Full-year revenue reached a record $1.45 billion."2019 was very productive and profitable for ATSG and its family of companies, excluding warrant effects. ... Demand for our cargo aircraft and flight operations was strong, due in large part to more aircraft and more flight operations for Amazon. We are optimistic that 2020 will be just as good ... as we expect to deploy 8-10 more 767 converted freighters for customers," CEO Joe Hete, who announced a week ago that he is retiring on May 7, said in a statement.Growth this year is expected to come from several sources, boosted by the rising demand in e-commerce. The company already has commitments for leases on nine 767 freighters, four of which will be operated on behalf of Amazon. UPS Inc. will directly lease three more, one of which was already delivered in January. Contract flying for Amazon, the U.S. military and other government customers is also expected to increase. New demand from existing and new customers in 2021 will result in all of ATSG's available 767-300s being placed into service by the end of next year.Officials said they expect earnings before interest, taxes, depreciation and amortization in 2020 to increase to about $490 million from $452 million in 2019, roughly in line with Wall Street estimates. The outlook wasn't higher because ATSG plans to shift around some aircraft under new contracts, including three 767-200s being returned off lease. DHL, which represents 14% of ATSG's revenue, is also not renewing its ACMI agreement for four Boeing 757-200s that expires this month. Nonetheless, analysts said it was a positive message considering the ongoing effects of the coronavirus contagion.Company officials said the only real business risk from coronavirus appears to be for military flights from affected countries and potential quarantines.New investment in eight 767 passenger aircraft and modifying them into freighters is projected to be about $420 million — $30 million and three aircraft less than last year."We will be ready to meet their [customers'] expanding needs, even as we anticipate decreasing capital expenditures and debt leverage over the next several years," Hete said. Last year, the equipment-only leasing subsidiary added 11 aircraft through the Omni Air acquisition (the planes are leased back to Omni) and seven converted 767 freighters. Fourth-quarter revenue from external customers increased $44.5 million year-over-year. The subsidiary owned 104 aircraft at year-end, 10 more than in 2018.Airline revenues, through operating companies Omni, ABX Air and Air Transport International, increased $100 million to $293 million in the fourth quarter.Hete Retirement Hete will be succeeded by Rich Corrado, 60, who was elevated to president in September. Hete is expected to be named chairman of the board at the company's annual meeting on May 7.Hete has led the company since 2003, when it was first spun off from Airborne Express as required under airline ownership laws when German express carrier DHL acquired Airborne. He served 20 years in various management roles at ABX prior to that.Hete is credited with growing the company and the stock's value. During the past decade, ATSG's common-share price increased more than four times as much as the Dow Jones Industrial, S&P 500 and Russell 2000 indexes."He led ATSG through an incredible transformation from a one-customer, express-package airline into the world's largest source of dedicated midsize freighter aircraft and related services, now including dedicated midsize passenger aircraft services as well," current Chairman Randy Rademacher said in a statement. "He is known throughout the air cargo industry as a pioneer who saw the potential of leasing midsize converted freighters to give integrated carriers more fleet flexibility, and give others a means to build air-cargo networks without a substantial capital commitment. He also built a solid leadership team and we are confident in their abilities to build on Joe's legacy."Image Sourced from PixabaySee more from Benzinga * Truck Vs. Intermodal: Which Is The Better Choice? * Ford Officials Charged About Electric Transit Van * Mercado Libre To Invest 0 Million In Mexico Targeting Rival Amazon(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Zacks
Air Transport Services (ATSG) Q4 Earnings and Revenues Top Estimates
Air Transport Services (ATSG) delivered earnings and revenue surprises of 30.23% and 10.99%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
- Business Wire
ATSG Reports Record 2019 Results
Air Transport Services Group, Inc. (Nasdaq: ATSG), the leading provider of medium wide-body aircraft leasing, contracted air transportation and related services, today reported consolidated financial results for the quarter and year ended December 31, 2019.
- Zacks
Air Transport Services Group Enters Oversold Territory
Air Transport Services Group has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.
- Zacks
Air Transport (ATSG) to Report Q4 Earnings: What's in Store?
Low fuel costs are likely to have aided Air Transport Services' (ATSG) fourth-quarter earnings performance.
- American City Business Journals
Cincinnati public company CEO exits
The leader of one of Greater Cincinnati’s largest public companies is preparing for his exit. Joe Hete, who has been president, CEO and a director of Air Transport Services Group Inc. (Nasdaq: ATSG) since 2003, will leave the CEO role at the company’s annual meeting of shareholders on May 7. Hete, 65, is expected to be elected chairman of the board upon his retirement as current chairman Randy Rademacher becomes independent lead director.
- Business Wire
Joe Hete to Retire as Chief Executive Officer of ATSG
Air Transport Services Group, Inc. (NASDAQ:ATSG) today announced that Joe Hete will retire as chief executive officer of the aircraft leasing and air transport services company, effective at ATSG’s next annual meeting of shareholders on May 7, 2020.
- Business Wire
ATSG to Host Fourth Quarter 2019 Investor Conference Call
Air Transport Services Group, Inc. (NASDAQ:ATSG) today announced that it will host an investor conference call on Tuesday, March 3, 2020, at 10 a.m. Eastern Time to review its financial results for the fourth quarter and year ended December 31, 2019, and its outlook for 2020.
- Zacks
All You Need to Know About Air Transport Services (ATSG) Rating Upgrade to Buy
Air Transport Services (ATSG) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- Zacks
Are Investors Undervaluing Air Transport Services (ATSG) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- Zacks
Air Transport Services (ATSG) Earnings Expected to Grow: What to Know Ahead of Q4 Release
Air Transport Services (ATSG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Business Wire
ATSG to Webcast Investor Presentation at the Stifel 2020 Transportation & Logistics Conference
Air Transport Services Group, Inc. (Nasdaq:ATSG) today announced that it will make a webcast presentation at the Stifel 2020 Transportation & Logistics Conference at the Fontainebleau Miami Beach hotel in Florida on Tuesday, February 11, 2020, at 8:10 a.m. Eastern time.
- Zacks
Air Transport Services (ATSG) Outpaces Stock Market Gains: What You Should Know
Air Transport Services (ATSG) closed at $21.28 in the latest trading session, marking a +1.33% move from the prior day.
- Business Wire
ATSG Announces New President of Its Aircraft Maintenance Subsidiary
ATSG today announced that Todd France has been appointed President of Airborne Maintenance & Engineering Services, Inc., a subsidiary of ATSG.
- Zacks
How to Time the Markets Like an Investing Pro - February 03, 2020
Is the ability to time the markets more of a data-driven science or a 'gut - feeling' art?
- Zacks
Zacks.com featured highlights include: SYNNEX, Air Transport Services, Everi, Great Lakes Dredge & Dock and Anhui Conch Cement
Zacks.com featured highlights include: SYNNEX, Air Transport Services, Everi, Great Lakes Dredge & Dock and Anhui Conch Cement
- Zacks
Air Transport Services (ATSG) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Air Transport Services (ATSG) closed at $21, marking a -0.47% move from the previous day.
- Zacks
Look Beyond Profit, Buy 5 Stocks With Increasing Cash Flows
Analyzing a company's cash position can be far more rewarding as this reveals its true financial health.
- Simply Wall St.
Need To Know: Air Transport Services Group, Inc. (NASDAQ:ATSG) Insiders Have Been Buying Shares
It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...
