Air Transport Services Group Reports $0.57 EPS for Quarterly Earnings
August 9, 2023
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Air Transport Services ($NASDAQ:ATSG) Group (ATSG) released their quarterly financial results on Friday, showing a profit of $0.57 per share. ATSG is a leading provider of air cargo transportation and related services to domestic and international markets, as well as providing aircraft leases and air charter services. The strong quarterly earnings are testament to ATSG’s strong business model and powerful competitive advantage. The company has built a reputation for reliable and efficient air transport services, and their quarter results reflect that.
With their large fleet of aircraft, experienced personnel, and long-term relationships with key customers, ATSG is well-positioned to capitalize on the growing demand for air cargo transportation services. With its strong business model and competitive advantages, ATSG looks set to continue to deliver strong financial performance.
Earnings
In the earning report of FY2023 Q2 ending June 30 2021, AIR TRANSPORT SERVICES Group reported $0.57 earnings per share, with total revenue of 409.87M USD and net income of 79.93M USD. Compared to the same period of the prior year, there was a decrease in total revenue by 19.6%, however, this was offset by a 45.1% increase in net income. In the last three years, AIR TRANSPORT SERVICES’s total revenue has grown from 409.87M USD to 529.34M USD. This indicates that the company has experienced year on year growth and is on the path of expanding its operations in the industry.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for ATSG. More…
| Total Revenues | Net Income | Net Margin |
| 2.08k | 149.71 | 7.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for ATSG. More…
| Operations | Investing | Financing |
| 630.49 | -692.74 | 58.25 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for ATSG. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.75k | 2.31k | 20.16 |
Key Ratios Snapshot
Some of the financial key ratios for ATSG are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.6% | 8.6% | 12.5% |
| FCF Margin | ROE | ROA |
| -4.2% | 11.4% | 4.3% |
Share Price
This is down from its prior closing price of 23.0, as the stock opened at $23.5 and closed at $22.4, resulting in a 2.3% decrease. The company also lease cargo aircraft, provide aircraft and engine maintenance services, and perform ground handling services for certain commercial airlines. Live Quote…
Analysis
GoodWhale’s analysis of AIR TRANSPORT SERVICES’ financials revealed that the company is strong in growth, medium in asset, profitability and weak in dividend according to its Star Chart. As such, we classify AIR TRANSPORT SERVICES as a ‘cheetah’, a type of company we conclude that achieved high revenue or earnings growth but is considered less stable due to lower profitability. Due to AIR TRANSPORT SERVICES’ intermediate health score of 6/10 with regard to its cashflows and debt, we believe that this company is likely to safely ride out any crisis without the risk of bankruptcy. Investors who are seeking a steady return on their investment and are comfortable with taking on a higher risk may be interested in such a company. More…
Peers
In the airline industry, Air Transport Services Group Inc faces intense competition from Turk Hava Yollari AO, El AL Israel Airlines Ltd, and Grupo Aeromexico SAB de CV. All four companies are striving to provide the best possible service to their customers and to stay ahead of the competition. Air Transport Services Group Inc has an edge over its competitors because of its strong financial position and its ability to offer a variety of services.
– Turk Hava Yollari AO ($OTCPK:TKHVY)
As of 2022, Turkish Airlines has a market cap of 7.72B and a ROE of 18.07%. The company is the national flag carrier airline of Turkey and operates scheduled services to 302 destinations in 118 countries.
– El AL Israel Airlines Ltd ($OTCPK:ELALF)
El AL Israel Airlines Ltd is an airline company with a market cap of 191.76M as of 2022 and a Return on Equity of 24.45%. It was founded in 1948 and is headquartered in Tel Aviv, Israel. The company operates scheduled flights to destinations in Africa, Asia, Europe, North America, and Oceania. El Al Israel Airlines is the country’s flag carrier and serves as a major transport hub for passengers and cargo in the Middle East.
– Grupo Aeromexico SAB de CV ($OTCPK:GRPAF)
Grupo Aeromexico SAB de CV is a Mexican airline company that was founded in 1934. It is the second largest airline in Mexico, after Volaris. As of 2022, Grupo Aeromexico’s market cap is 1.22 billion dollars and its ROE is 67.02%. The company has a fleet of 119 aircraft and flies to over 90 destinations.
Summary
Air Transport Services Group, Inc. (ATSG) recently announced its quarterly earnings data for the period ending June 30th. Analysts have largely positive comments on the earnings report, citing ATSG’s diversified revenue and strong potential for growth. Investing in ATSG is expected to be profitable, with analysts suggesting that the stock may be undervalued due to the company’s strong track record of performance and solid financials. The stock is currently trading near its three-month high, and investors are advised to cautiously consider investing into the stock in the near future.
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