WILMINGTON, Ohio, July 29, 2019 – Shares of Air Transport Services Group Inc. (NASDAQ: ATSG) gained 0.59% to $23.98. The stock traded total volume of 182.599K shares lower than the average volume of 287.19K shares.
Air Transport Services Group Inc. (ATSG) reported first-quarter profit of $22.70M. The Wilmington, Ohio-based company said it had profit of 25 cents per share. Earnings, adjusted for one-time gains and costs, were 37 cents per share. The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.
The air cargo company posted revenue of $348.20M in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $306.0M.
ATSG has the market capitalization of $1.41B and its EPS growth ratio for the past five years was 39.30%. The return on assets ratio of the Company was 3.70% while its return on investment ratio stands at 5.00%. Price to sales ratio was 1.36 while 90.90% of the stock was owned by institutional investors.
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