Air Transport Services Group (NASDAQ:ATSG – Get Free Report) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 0.550-0.800 for the period, compared to the consensus estimate of 0.700. The company issued revenue guidance of -. Air Transport Services Group also updated its FY24 guidance to $0.55-0.80 EPS.
Air Transport Services Group Trading Up 11.0 %
ATSG traded up $1.46 during trading on Tuesday, reaching $14.71. 1,312,754 shares of the company’s stock were exchanged, compared to its average volume of 619,153. The company’s fifty day moving average price is $12.82 and its 200-day moving average price is $15.05. The firm has a market capitalization of $966.15 million, a PE ratio of 19.68 and a beta of 0.85. Air Transport Services Group has a fifty-two week low of $11.62 and a fifty-two week high of $24.96. 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 announced its quarterly earnings results on Monday, May 6th. The transportation company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. Air Transport Services Group had a return on equity of 7.93% and a net margin of 2.91%. The company had revenue of $485.50 million during the quarter, compared to analysts’ expectations of $479.77 million. During the same period in the prior year, the business posted $0.36 EPS. Air Transport Services Group’s revenue was down 3.1% on a year-over-year basis. As a group, equities analysts forecast that Air Transport Services Group will post 0.73 EPS for the current year.
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Air Transport Services Group Company Profile
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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