Air Transport Services
ATSG

$14.75

6.99%

Market Cap: $969M

About: Air Transport Services Group Inc along with its subsidiaries operates within the airfreight and logistics industry. It leases aircraft and provides airline operations, ground services, aircraft modification and maintenance, and other support services mainly to the cargo transportation and package delivery industries. The company has two reportable segments namely Cargo Aircraft Management and ACMI Services (Aircraft, Crew, Maintenance, and Insurance). It generates a majority of its revenue from the ACMI services segment.

Employees: 5,095

Industrials Air Courier Services

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

24% more repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 46

9% more call options, than puts

Call options by funds: $1.54M | Put options by funds: $1.41M

0% more funds holding in top 10

Funds holding in top 10: 4 [Q1] → 4 (+0) [Q2]

0% less capital invested

Capital invested by funds: $899M [Q1] → $897M (-$1.54M) [Q2]

0.91% less ownership

Funds ownership: 99.66% [Q1] → 98.76% (-0.91%) [Q2]

6% less funds holding

Funds holding: 163 [Q1] → 153 (-10) [Q2]

26% less first-time investments, than exits

New positions opened: 28 | Existing positions closed: 38

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Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$15

2%

upside

Avg. target

$20

36%

upside

High target

$25

69%

upside

2 analyst ratings

1 positive

50%

1 neutral

50%

0 negative

0%

Truist Securities Michael Ciarmoli 64% 1-year accuracy 37 / 58 met price target	2%upside $15	Hold Maintained	12 Aug 2024
Stifel Frank Galanti 67% 1-year accuracy 2 / 3 met price target	69%upside $25	Buy Maintained	12 Aug 2024

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Financial journalist opinion

Based on 9 articles about ATSG published over the past 30 days

Zacks Investment Research

3 Air-Freight & Cargo Stocks to Watch in a Thriving Industry

Shareholder-friendly moves and cost-cutting initiatives bode well for the Zacks Transportation-Air Freight and Cargo industry. FDX, GXO and ATSG are well-poised to capitalize on the bullishness.

3 Air-Freight & Cargo Stocks to Watch in a Thriving Industry

Zacks Investment Research

Wall Street Analysts See a 26.54% Upside in Air Transport Services (ATSG): Can the Stock Really Move This High?

The average of price targets set by Wall Street analysts indicates a potential upside of 26.5% in Air Transport Services (ATSG). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts See a 26.54% Upside in Air Transport Services (ATSG): Can the Stock Really Move This High?

Air Transport Services Group: A Buy On Market Stabilization And Amazon Opportunity

Air Transport Services Group faces declining revenues and fixed costs, but the air freight market shows signs of stabilization, potentially benefiting the company. Second quarter revenues fell 7.7%, with operating income dropping 55%, highlighting the challenge of reducing costs amid soft demand. Positive developments include a new contract with Amazon and updated guidance for 2024, reflecting lower CapEx and incremental earnings improvements.

Air Transport Services Group: A Buy On Market Stabilization And Amazon Opportunity

Air Transport Services Trying To Recover From A Pandemic-Driven Air Cargo Hangover

Air Transport Services Group has been hit hard by a protracted downturn in air cargo driven by over-expansion in the boom times and weaker demand. Cargo metrics are recovering, though rates and load factors in North America still aren't great, and key customer DHL sounds more bullish on trends toward the end of the year. Larger air cargo trends were and are outside of management control, but prior management spent aggressively on uncovered capex and new management is taking a much more conservative approach.

Air Transport Services Trying To Recover From A Pandemic-Driven Air Cargo Hangover

Zacks Investment Research

Here's Why You Should Invest in Air Transport Services Stock Now

Air Transport Services' bottom line gains from declining operating expenses. The company's efforts to expand its fleet are also praiseworthy.

Here's Why You Should Invest in Air Transport Services Stock Now

Zacks Investment Research

Wall Street Analysts Think Air Transport Services (ATSG) Could Surge 28.87%: Read This Before Placing a Bet

The mean of analysts' price targets for Air Transport Services (ATSG) points to a 28.9% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Think Air Transport Services (ATSG) Could Surge 28.87%: Read This Before Placing a Bet

Air Transport Services Group, Inc. (ATSG) Q2 2024 Earnings Call Transcript

Air Transport Services Group, Inc. (NASDAQ:ATSG ) Q2 2024 Earnings Conference Call August 9, 2024 10:00 AM ET Company Participants Joe Payne - Chief Legal Officer Joe Hete - Executive Chairman Mike Berger - Chief Executive Officer Quint Turner - CFO Jeffrey Dominick - President Conference Call Participants Frank Galanti - Stifel Christopher Stathoulopoulos - SIG Michael Ciarmoli - Truist Securities Isaac Sellhausen - Oppenheimer Ben Rubenstein - Robotti & Company Operator Good day, and thank you for standing by. Welcome to the Q2 2024 Air Transport Services Group, Inc. Earnings Conference Call.

Air Transport Services Group, Inc. (ATSG) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Air Transport (ATSG) Q2 Earnings Beat Estimates & Revenues Lag

ACMI Services' revenues decrease 7.7% year over year at Air Transport (ATSG) in the second quarter of 2024.

Air Transport (ATSG) Q2 Earnings Beat Estimates & Revenues Lag

Zacks Investment Research

Air Transport Services (ATSG) Reports Q2 Earnings: What Key Metrics Have to Say

Although the revenue and EPS for Air Transport Services (ATSG) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Air Transport Services (ATSG) Reports Q2 Earnings: What Key Metrics Have to Say

Zacks Investment Research

Air Transport Services (ATSG) Tops Q2 Earnings Estimates

Air Transport Services (ATSG) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.57 per share a year ago.

Air Transport Services (ATSG) Tops Q2 Earnings Estimates

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