Air Transport Services Group (ATSG) Releases Earnings Results, Beats Expectations By $0.01 EPS

Air Transport Services Group (ATSG) reported quarterly earnings results on Monday, Aug-8-2016. The company said it had a profit of $0.13 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.12. The company posted revenue of $176.50 million in the period, compared to analysts expectations of $172.87 million. The company’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.

Air Transport Services Group opened for trading at $14.06 and hit $14.4347 on the upside on Friday, eventually ending the session at $14.04, with a gain of 0.79% or 0.11 points. The heightened volatility saw the trading volume jump to 3,00,438 shares. Company has a market cap of $895 M.

In a different news, on Jun 16, 2015, Dennis A Manibusan (Subsidiary President – ATI) sold 4,671 shares at $10.49 per share price. According to the SEC, on May 18, 2015, James H Carey (director) sold 2,513 shares at $10.47 per share price. On May 12, 2015, Jeffrey J Vorholt (director) sold 10,081 shares at $10.15 per share price, according to the Form-4 filing with the securities and exchange commission.

Air Transport Services Group Inc. (ATSG) is a holding company. Through its subsidiaries the Company provides aircraft leasing airline operations aircraft maintenance and other support services to the air cargo transportation and package delivery industries. The Company offers a range of services to delivery companies freight forwarders airlines and Government customers. ATSG’s leasing subsidiary Cargo Aircraft Management Inc. which leases cargo aircraft to ATSG’s airlines and to external customers. Airborne Global Solutions Inc. that assists its businesses in marketing plans and provides sales leads to its subsidiaries by identifying customers’ business and operational requirements. Its other business operations including aircraft maintenance and modification services aircraft part sales equipment leasing and maintenance and mail handling for the United States Postal Service. Its principal subsidiaries include ABX Air Inc. and Air Transport International Inc.

Air Transport Services Group

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