Air Transport Services Group (NASDAQ:ATSG – Get Free Report) updated its FY24 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.55-0.80 for the period, compared to the consensus estimate of $0.70. Air Transport Services Group also updated its FY 2024 guidance to 0.550-0.800 EPS.
Analysts Set New Price Targets
Several research analysts have commented on the stock. Susquehanna raised their price target on shares of Air Transport Services Group from $14.00 to $15.00 and gave the company a neutral rating in a report on Wednesday. StockNews.com raised shares of Air Transport Services Group from a sell rating to a hold rating in a report on Tuesday. Truist Financial cut their price target on shares of Air Transport Services Group from $20.00 to $14.00 and set a hold rating for the company in a report on Friday, April 19th. Finally, TD Cowen raised their price objective on shares of Air Transport Services Group from $16.00 to $18.00 and gave the company a buy rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $21.83.
Check Out Our Latest Stock Analysis on ATSG
Air Transport Services Group Trading Down 0.1 %
Air Transport Services Group (NASDAQ:ATSG – Get Free Report) last posted its quarterly earnings data on Monday, May 6th. The transportation company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. Air Transport Services Group had a net margin of 2.91% and a return on equity of 7.93%. The business had revenue of $485.50 million for the quarter, compared to analyst estimates of $479.77 million. During the same quarter in the previous year, the firm posted $0.36 earnings per share. Air Transport Services Group’s quarterly revenue was down 3.1% on a year-over-year basis. Equities analysts expect that Air Transport Services Group will post 0.73 earnings per share for the current fiscal year.
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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