Air Transport Services Group (NASDAQ:ATSG – Get Free Report) updated its FY24 earnings guidance on Monday. The company provided earnings per share guidance of $0.55-0.80 for the period, compared to the consensus earnings per share estimate of $0.70. Air Transport Services Group also updated its FY 2024 guidance to 0.550-0.800 EPS.
Air Transport Services Group Stock Up 11.2 %
Shares of NASDAQ:ATSG traded up $1.48 during trading on Tuesday, reaching $14.73. 1,125,626 shares of the stock traded hands, compared to its average volume of 616,111. Air Transport Services Group has a 52-week low of $11.62 and a 52-week high of $24.96. The stock has a market cap of $967.47 million, a P/E ratio of 19.68 and a beta of 0.85. The stock has a 50-day moving average of $12.82 and a two-hundred day moving average of $15.05. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.74 and a current ratio of 0.86.
Air Transport Services Group (NASDAQ:ATSG – Get Free Report) last posted its earnings results on Monday, May 6th. The transportation company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The business had revenue of $485.50 million during the quarter, compared to analyst estimates of $479.77 million. Air Transport Services Group had a return on equity of 7.93% and a net margin of 2.91%. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.36 EPS. As a group, sell-side analysts expect that Air Transport Services Group will post 0.73 earnings per share for the current fiscal year.
Analysts Set New Price Targets
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About Air Transport Services Group
Air Transport Services Group, Inc, together with its subsidiaries, provides aircraft leasing, and air cargo transportation and related services in the United States and internationally. It operates in two segments, Cargo Aircraft Management Inc (CAM) and ACMI Services. The company offers aircraft, flight crews, aircraft hull and liability insurance, and aviation fuel services; and aircraft maintenance and modification services, including airframe modification and heavy maintenance, component repairs, engineering services, and aircraft line maintenance.
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