For its fourth fiscal quarter (ending December 31), Air Transport Services Group Inc (NASDAQ: ATSG) has reported a -141% decline in E.P.S. from $0.58 a year ago to $-0.24 in the current quarter. This performance was $-0.52 short of the consensus estimate of $0.28. E.P.S. were $0.87 for the latest four quarters through December 31 versus $2.67 for the same period a year ago — a decline of -67%.
Recent Price Action
On 2/26/24, Air Transport Services Group Inc (NASDAQ: ATSG) stock declined by -4.1%, closing at $13.37. Moreover, unusually high trading volume at 193% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -9.2% during the last week.
Current PriceTarget Research Rating
ATSG is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Air Transport Services Group has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Air Transport Services Group has a very high Appreciation Score of 87 but a poor Power Rating of 21, with the Neutral Value Trend Rating the result.
Rating Review
In light of this discouraging new earnings information and negative market action we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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