Air Transport Services Gr 株価情報 (NASDAQ: ATSG)

最新ニュース Air Transport Services Gr (NASDAQ:ATSG) 株価情報

Air Transport Services Gr

Air Transport Services Group Inc along with its subsidiaries operates within the airfreight and logistics industry. It leases aircraft and provides airline operations, ground services, aircraft modification and maintenance, and other support services mainly to the cargo transportation and package delivery industries. The company has two reportable segments namely Cargo Aircraft Management and ACMI Services (Aircraft, Crew, Maintenance, and Insurance). It generates a majority of its revenue from the ACMI services segment.

Air Transport Services Group, Inc - Common Stock

Air Transport Services Group Inc

Preliminary Estimated Unaudited Financial Results for the Three Months and Year Ended December 31, 2024
&nbsp;
Set forth below are the Company's selected preliminary estimated unaudited financial results for the three months and year ended December 31, 2024. Our preliminary estimates set forth below are forward-looking statements. The Company's preliminary estimated unaudited financial results set forth below are not a comprehensive statement of the Company's financial results for the three months and year ended December 31, 2024 and remain subject to, among other things, the completion of the Company's financial closing procedures. Therefore, any information with respect to or prepared on the basis of the Company's unaudited financial information as of and for the three months and year ended December 31, 2024 is a preliminary estimate based upon information available to the Company's management as of the date hereof and is subject to change. As a result, it is possible that the Company's actual results may differ materially from such estimates due to the completion of the Company's financial closing procedures, final adjustments and other developments that may arise between now and the time the Company finalizes its financial results for the three months and year ended December 31, 2024. The preliminary estimates for the three months and year ended December 31, 2024 are not necessarily indicative of the results to be achieved in any future period.
&nbsp;
<figure class="table"> 
<table>
<tbody>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="10">For the Year Ended</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="6">December 31, 2024</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2">December 31, 2023</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2">(Low)</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2">(High)</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2">&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>(in thousands)</td>
<td>&nbsp;</td>
<td colspan="6">(estimated) (unaudited)</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2">(actual)</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Revenue</td>
<td>&nbsp;</td>
<td>$</td>
<td>1,958,180</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>$</td>
<td>1,962,180</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>$</td>
<td>2,070,611</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Adjusted EBITDA (non-GAAP)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>&nbsp;</td>
<td>$</td>
<td>545,135</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>$</td>
<td>551,135</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>$</td>
<td>561,603</td>
<td>&nbsp;</td>
</tr>
</tbody>
</table>
</figure>
&nbsp;
<figure class="table"> 
<table>
<tbody>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="10">For the Three Months Ended</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="6">December 31, 2024</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2">December 31, 2023</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2">(Low)</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2">(High)</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2">&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>(in thousands)</td>
<td>&nbsp;</td>
<td colspan="6">(estimated) (unaudited)</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2">(actual)</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Revenue</td>
<td>&nbsp;</td>
<td>$</td>
<td>513,000</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>$</td>
<td>517,000</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>$</td>
<td>517,040</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Adjusted EBITDA (non-GAAP)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>&nbsp;</td>
<td>$</td>
<td>158,000</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>$</td>
<td>164,000</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>$</td>
<td>129,890</td>
<td>&nbsp;</td>
</tr>
</tbody>
</table>
</figure>
&nbsp;
Revenue includes customer incentive amortization of $3,912, $8,800, $18,689 and $28,675 (in thousands) for the three months ended December 31, 2023 and December 31, 2024 and years ended December 31, 2023 and December 31, 2024,

News

Guidance

ATSG

Air Transport Services Group Announces Preliminary Unaudited FY24 Revenue Of $2.07B; Q4 Revenue $517.04M

Air Transport Services Reports Expiration Of "Go-Shop" Period; Stonepeak Transaction To Close in H1 Of 2025

The company expects to deliver a second Boeing 767-300 to CAMEX in 2025 under a separate lease agreement.

Air Transport Services Subsidiary Delivers Boeing 767-300 Converted Freighter Under Long-Term Lease Agreement With CAMEX Airlines

<h3 class="wp-block-heading">New On The Block</h3>
Evolent Health Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVH#NYSE">EVH</a>) is <a href="https://www.benzinga.com/m-a/24/08/40529349/evolent-health-explores-sale-garners-inbound-interest-from-private-equity-firms">reportedly up for sale</a>. The Arlington, Virginia-based software provide initiated an auction process after receiving takeover inquiries. Among the potential suitors are TPG Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPG#NASDAQ">TPG</a>), Clayton, Dubilier &amp; Rice, and KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>). Reuters reported that health insurer Elevance Health Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELV#NYSE">ELV</a>) may join forces with a private equity partner to pursue a deal.
Kronos Bio Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRON#NASDAQ">KRON</a>), a company focused on developing therapies for cancer, is exploring &#8220;strategic alternatives,&#8221; including an acquisition or merger.The San Mateo, Califonia-based company reported $124.9 million in cash reserves as of Sept. 30. 
Saint-Gobain (PARIS:<a class="ticker" href="https://www.benzinga.com/stock/SGO#PARIS">SGO</a>) is considering a sale of its auto glass unit, which could fetch up to 2.5 billion euro ($2.6 billion), per <a href="https://www.bloomberg.com/news/articles/2024-11-13/st-gobain-is-said-to-weigh-2-5-billion-sale-of-auto-glass-unit">Bloomberg</a>. The company is reportedly considering this strategic move as part of its broader business evaluation. This sale aligns with Saint-Gobain&#8217;s efforts to streamline its operations and focus on core business areas.
Shell (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>) is seeking to <a href="https://www.bloomberg.com/news/articles/2024-11-13/shell-aims-to-sell-majority-stake-in-carbon-offsets-business?srnd=phx-deals">jettison</a> a majority of its carbon offsets portfolio. The company first launched the portfolio of offsets, which covers dozens of projects, <a href="https://www.bloomberg.com/news/features/2023-08-31/shell-silently-abandoned-its-100-million-a-year-plan-to-offset-co2-emissions" target="_blank" rel="noreferrer noopener">in 2018</a>. 
Unilever (LSE: ULVR) is exploring the sale of some Dutch food brands, including Unox soups and Conimex seasonings. According to Reuters, the company will instead focus on its biggest &#8220;power&#8221; labels.
See Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/42024210/benzinga-bulls-and-bears-tesla-disney-gold-and-hedge-funds-project-bitcoin-to-hit-100k-150k">Benzinga Bulls And Bears: Tesla, Disney, Gold — And Hedge Funds Project Bitcoin To Hit $100K-$150K</a>
<h3 class="wp-block-heading">Bankruptcy Block</h3>
Alex Jones&#8217;s media company, Infowars, is now the property of satirical publication The Onion. The publication&#8217;s backers were none other than the families <a href="https://www.benzinga.com/media/24/11/41982446/jokes-on-jones-onion-backed-by-families-of-sandy-hook-victims-buys-info-wars">of Sandy Hook victims</a>. Observers praised the deal as poetic justice, considering Jones owes over $1 billion in defamation judgments against those families. Jones, who <a href="https://www.benzinga.com/news/23/12/36168941/elon-musks-controversial-move-alex-jones-returns-to-x-after-user-vote">has garnered sympathy from</a> right-wing personalities like Elon Musk and Tucker Carlson, confirmed the acquisition in a visibly distressed social media video, blaming &#8220;Democrats.&#8221;
Diamond Sports Group&#8216;s restructuring will include reducing its debt from nearly $9 billion to $200 million, <a href="https://www.espn.com/mlb/story/_/id/42388454/diamond-sports-group-emerges-bankruptcy">ESPN</a> reports. The restructuring plan received what Diamond categorized as &#8220;nearly unanimous support&#8221; from debt holders. Diamond, currently possessing $100 million in liquidity, will emerge from bankruptcy and operate as a stand-alone entity. Sinclair, the parent company, took on $8 billion in debt to buy regional channels from Fox for $10.6 billion in 2019. That debt contributed to Diamond&#8217;s bankruptcy.
<h3 class="wp-block-heading">Updates From The Block</h3>
Currently, there are no concrete indications that Humana Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>) is actively pursuing a sale. Recent speculation regarding Humana being acquired by Cigna Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CI#NYSE">CI</a>) was definitively addressed, with Cigna explicitly stating that it is <a href="https://www.benzinga.com/general/health-care/24/11/41877573/cigna-not-pursuing-humana-merger-stock-soars">not pursuing a merger</a> with Humana at this time. This clarification came after rumors reignited post-election, driven by the potential for more lenient antitrust reviews under the new <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41979935/golden-years-for-ma-deals-ahead-under-trump-analysts-highlight-top-10-large-cap-candidates">Republican administration and Congress</a>.
Spirit Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) is no longer in deal talks with Frontier Airlines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>). It&#8217;s now in advanced discussions with bondholders to finalize a bankruptcy plan. The carrier continues to struggle with mounting losses and looming debt maturities. A bankruptcy filing is expected to happen within weeks, according to <a href="https://www.benzinga.com/news/earnings/24/11/41932146/spirit-airlines-nears-bankruptcy-creditors-may-approve-equity-cancellation-heres-what-it-means-for-investors-as-shares-fall-with-a-thud">the Wall Street Journal</a>.
MEI Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEIP#NASDAQ">MEIP</a>) continues to explore M&amp;A opportunities, hiring Oppenheimer &amp; Co., Inc. as an exclusive financial advisor to assist the process. During the first quarter of fiscal year 2025, the company commenced cash preservation efforts that include a reduction-in-force, which will continue in stages as the Company's operational and strategic direction evolves.
<h3 class="wp-block-heading">Notes From The Block</h3>
Wall Street anticipates a surge in M&amp;A as Republicans take control of Congress and deregulate. Analysts expect Federal Trade Commission Chair Lina Khan's removal, which could ease antitrust scrutiny. Bank of America highlights that Republican administrations, like President-elect Donald Trump&#8216;s, historically foster over 50% more financial sector M&amp;A activity compared to Democratic ones. 
Bank of America also predicts that 2025 could mark a better year for M&amp;A as rate cuts take effect and economic conditions stabilize. Here&#8217;s a list of five potential targets the bank compiled. For the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41979935/golden-years-for-ma-deals-ahead-under-trump-analysts-highlight-top-10-large-cap-candidates">full list, click here</a>.
<figure class="wp-block-table"> 
<table>
<thead>
<tr>
<th>Company</th>
<th>Sector</th>
<th>Market Cap ($M)</th>
<th>Free Cash Flows-to-Enterprise Value (%)</th>
<th>Long-Term Growth Expectations (%)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Universal Health Services Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UHS#NYSE">UHS</a>)</td>
<td>Health Care</td>
<td>13,932</td>
<td>4.4</td>
<td>25.3</td>
</tr>
<tr>
<td>Ralph LaurenCorp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RL#NYSE">RL</a>)</td>
<td>Consumer Disc.</td>
<td>12,473</td>
<td>5.99</td>
<td>10.5</td>
</tr>
<tr>
<td>Paramount Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NYSE">PARA</a>)</td>
<td>Comm. Services</td>
<td>7,250</td>
<td>3.4</td>
<td>46.4</td>
</tr>
<tr>
<td>Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>)</td>
<td>Technology</td>
<td>14,480</td>
<td>6.39</td>
<td>12.7</td>
</tr>
<tr>
<td>Hasbro Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>)</td>
<td>Consumer Disc.</td>
<td>9,215</td>
<td>3.6</td>
<td>27.5</td>
</tr>
</tbody>
</table>
</figure>
For last week&#8217;s Deal Dispatch, <a href="https://www.benzinga.com/news/asset-sales/24/11/41866114/deal-dispatch-prison-companies-in-focus-post-election-tripadvisor-boasts-11b-in-cash">click here</a>.
Now Read: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/11/41699259/nvidia-rides-ai-wave-to-replace-intel-on-dow-jones-industrial-average-ending-its-25-year-run">Nvidia Rides AI Wave To Replace Intel On Dow Jones Industrial Average, Ending Its 25-Year Run</a></li>
</ul>

AAUKF

APTV

streetTRACKS Dow Jones U.S. Large Cap Value Index Fund

FFIV

KRON

MEIP

NISTF

PARA

PARIS:SGO

ROIC

SAVE

SHEL

SLGWF

SLNG

TRIP

TSX:SGO

ULCC

Deal Dispatch: Shell, Unilever And More Are On The Sell Side; The Onion Makes Alex Jones Cry Foul

<h3 class="wp-block-heading">Bankruptcy Block</h3>
Wellpath Holdings Inc., a major provider of healthcare services to jails across the U.S., is preparing <a href="https://www.benzinga.com/topic/bankruptcy">to file for bankruptcy</a>. 
Owned by H.I.G. Capital, the Nashville, Tenn.-based company has struggled with debt and labor costs. Despite efforts, including a forbearance agreement with lenders, financial strains have persisted. 
This move comes as prison stocks Geo Group (NYES: GEO) and CoreCivic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>) moved positively to the news that Donald Trump won <a href="https://www.benzinga.com/general/politics/24/11/41779902/prison-stocks-geo-group-corecivic-rally-on-trump-2024-election-win-history-shows-the-gains-may-n">the 2024 presidential election</a>.
Meanwhile, Toronto-based Slang Worldwide Inc. (CSE:<a class="ticker" href="https://www.benzinga.com/stock/SLNG#CSE">SLNG</a>) (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/SLGWF#OTCQB">SLGWF</a>) is entering receivership in Colorado and declared bankruptcy in Canada. Unable to repay amounts owed under its credit agreement, which matures on Nov. 15, 2024, Slang will likely dispose of or sell its assets <a href="https://www.benzinga.com/markets/cannabis/24/11/41778383/another-one-bites-the-dust-slang-worldwide-files-for-bankruptcy-due-to-inability-to-pay-debt">through a receivership process</a>.
<h3 class="wp-block-heading">New On The Block</h3>
Tripadvisor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIP#NASDAQ">TRIP</a>) is currently exploring &#8220;strategic alternatives,&#8221; which is corporate jargon for a sale. According <a href="https://uk.finance.yahoo.com/news/q3-2024-tripadvisor-inc-earnings-133036809.html">to </a>CFO Mike Noonan, the company ended Q3 with $1.1 billion in cash. Should a firm make an offer, it would have to woo Liberty Media, which owns about 21% of Tripadvisor common stock — an approximate 57% voting interest.
KKR &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) wants to sell its stake in JB Chemicals &amp; Pharmaceuticals Ltd. via a block trade in the market, <a href="https://www.bloomberg.com/news/articles/2024-11-06/kkr-is-said-to-consider-selling-750-million-stake-in-jb-pharma">per</a> Bloomberg. The private equity firm is working with an investment bank as it considers selling about $750 million worth of stock in the Indian-listed company. The size of the deal could jump to $1 billion depending on demand.
See Also: <a href="https://www.benzinga.com/news/24/11/41698607/kamala-harris-ready-if-trump-decides-to-falsely-declare-victory-we-are-prepared-to-respond">Harris &#8216;Ready&#8217; If Trump Decides To &#8216;Falsely&#8217; Declare Victory: &#8216;We Are Prepared To Respond&#8217;</a>
<h3 class="wp-block-heading">Off The Block</h3>
Anglo American (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AAUKF#OTC">AAUKF</a>) has agreed to sell its 33.3% stake in the Jellinbah Group to Zashvin for $1.1 billion. Per the plan laid out <a href="https://www.benzinga.com/news/large-cap/24/05/38826363/anglo-american-expedites-plan-to-divest-de-beers-other-assets-after-rebuffing-bhp-takeover-bid" target="_blank" rel="noreferrer noopener">earlier this year</a>, the company is focusing on <a href="https://www.benzinga.com/topic/copper" target="_blank" rel="noreferrer noopener">copper</a>, iron ore, and crop nutrients. The joint venture holds a 70% interest in two major metallurgical coal mines in Queensland: Jellinbah East and Lake Vermont. Anglo did not operate these mines <a href="https://www.benzinga.com/news/large-cap/24/11/41739206/anglo-american-offloads-1-1-billion-coal-stake-proceeds-with-restructuring">nor market their output</a>.
Blackstone agreed to buy Retail Opportunity Investments Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>), a U.S. shopping mall owner. The Stephen A. Schwarzman-run private equity firm valued the real estate investment trust at <a href="https://www.benzinga.com/markets/24/11/41803407/is-blackstone-finalizing-a-deal-to-acquire-one-of-americas-largest-retail-reits">around $4 billion, including debt</a>.
Air Transport Services Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATSG#NASDAQ">ATSG</a>) is going private. Investment firm Stonepeak is acquiring the aircraft lessor for $3.1 billion, including debt.
<h3 class="wp-block-heading">Updates From The Block</h3>
Nippon Steel Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NISTF#OTC">NISTF</a>) remains optimistic about finalizing its $14.1 billion acquisition of United States Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) by the end of the year. The Japanese company is navigating opposition from unions and the Biden administration, while also facing potential hurdles from the recent election of Donald Trump, who <a href="https://www.benzinga.com/m-a/24/11/41806893/nippon-steel-remains-confident-in-14b-us-steel-deal-despite-trumps-resistance-there-can-be-construct">plans to block the deal</a>.
Brookfield launched a sale process for Aveo, a Sydney-based retirement home operator, in June. The Australian reports that the $3-billion company will likely not get sold until 2025. 
<h3 class="wp-block-heading">Notes From The Block</h3>
Jim Cramer expressed optimism about a resurgence in M&amp;A with <a href="https://www.benzinga.com/24/11/41857971/trumps-win-sends-wall-street-to-record-highs-small-caps-tesla-outperform-fed-cuts-interest-rates-this-week-in-the-market">the incoming Trump administration</a>. Cramer predicts a more lenient approach to M&amp;A approvals compared to the previous administration, which was known for its stringent antitrust scrutiny. The &#8220;Mad Money&#8221; host also highlighted that the regional banking sector could significantly benefit from increased M&amp;A activity, allowing banks to grow by acquiring smaller entities or merging to <a href="https://www.benzinga.com/m-a/24/11/41805370/jim-cramer-hopes-m-a-to-come-back-bigly-under-trump-administration">form larger "super regionals.&#8221;</a>
For last week&#8217;s column, <a href="https://www.benzinga.com/m-a/24/11/41700829/deal-dispatch-tgi-fridays-goes-bankrupt-bhp-backtracks-comments-and-more-m-a-news">click here.</a>
Now Read: 
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<li><a href="https://www.benzinga.com/markets/equities/24/11/41699259/nvidia-rides-ai-wave-to-replace-intel-on-dow-jones-industrial-average-ending-its-25-year-run">Nvidia Rides AI Wave To Replace Intel On Dow Jones Industrial Average, Ending Its 25-Year Run</a></li>
</ul>

Asset Sales

CSE:SLNG

DBRG

INRE

Deal Dispatch: Prison Companies In Focus Post-Election, Tripadvisor Boasts $11B In Cash

Upon completion of the transaction, ATSG's shares will no longer trade on the Nasdaq, and ATSG will become a private company.

ATSG Cancels Q3 Earnings Conference Call Previously Scheduled For November 8, 2024, And Will Not Provide Financial Guidance Going Forward Due To Stonepeak Transaction

Air Transport Services Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATSG#NASDAQ">ATSG</a>) reported quarterly earnings of $0.13 per share which missed the analyst consensus estimate of $0.17 by 23.53 percent. This is a 59.38 percent decrease over earnings of $0.32 per share from the same period last year. The company reported quarterly sales of $471.25 million which missed the analyst consensus estimate of $507.46 million by 7.13 percent. This is a 9.92 percent decrease over sales of $523.14 million the same period last year.

Earnings

Earnings Misses

Air Transport Services Gr Q3 2024 Adj EPS $0.13 Misses $0.17 Estimate, Sales $471.25M Miss $507.46M Estimate

Air Transport Services Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATSG#NASDAQ">ATSG</a>) is gearing up to announce its quarterly earnings on Friday, 2024-11-08. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Air Transport Services Gr will report an earnings per share (EPS) of $0.17.
Anticipation surrounds Air Transport Services Gr's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Historical Earnings Performance</h3>
In the previous earnings release, the company beat EPS by $0.03, leading to a 17.35% increase in the share price the following trading session.
Here's a look at Air Transport Services Gr's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.16</td>
<td>0.10</td>
<td>0.28</td>
<td>0.49</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.19</td>
<td>0.16</td>
<td>0.18</td>
<td>0.32</td>
</tr>
<tr>
<td>Price Change %</td>
<td>17.0%</td>
<td>11.0%</td>
<td>-4.0%</td>
<td>-23.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730995857_0.png" alt="eps graph" />
<h3>Air Transport Services Gr Share Price Analysis</h3>
Shares of Air Transport Services Gr were trading at $22.05 as of November 06. Over the last 52-week period, shares are up 47.83%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Insights on Air Transport Services Gr</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Air Transport Services Gr.
With 4 analyst ratings, Air Transport Services Gr has a consensus rating of Neutral. The average one-year price target is $21.25, indicating a potential 3.63% downside.
<h3>Peer Ratings Comparison</h3>
In this comparison, we explore the analyst ratings and average 1-year price targets of and Forward Air, three prominent industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>The consensus outlook from analysts is an Neutral trajectory for Forward Air, with an average 1-year price target of $36.0, indicating a potential 63.27% upside.</li>
</ul>
<h3>Peer Metrics Summary</h3>
The peer analysis summary outlines pivotal metrics for and Forward Air, demonstrating their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Air Transport Services Gr</td>
<td>Neutral</td>
<td>-7.73%</td>
<td>$86.22M</td>
<td>0.52%</td>
</tr>
<tr>
<td>Forward Air</td>
<td>Neutral</td>
<td>1.91%</td>
<td>$77.32M</td>
<td>-28.80%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Air Transport Services Gr ranks higher in Revenue Growth compared to its peer. However, it lags behind in Gross Profit and Return on Equity. Overall, it is positioned in the middle among its peers based on the provided metrics.
<h3>Delving into Air Transport Services Gr's Background</h3>
Air Transport Services Group Inc along with its subsidiaries operates within the airfreight and logistics industry. It leases aircraft and provides airline operations, ground services, aircraft modification and maintenance, and other support services mainly to the cargo transportation and package delivery industries. The company has two reportable segments namely Cargo Aircraft Management and ACMI Services (Aircraft, Crew, Maintenance, and Insurance). It generates a majority of its revenue from the ACMI services segment.
<h3>Air Transport Services Gr: Financial Performance Dissected</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Air Transport Services Gr's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -7.73%. This indicates a decrease in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Air Transport Services Gr's net margin excels beyond industry benchmarks, reaching 1.52%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Air Transport Services Gr's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.52% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Air Transport Services Gr's ROA excels beyond industry benchmarks, reaching 0.19%. This signifies efficient management of assets and strong financial health.
Debt Management: Air Transport Services Gr's debt-to-equity ratio is below the industry average. With a ratio of 1.16, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<a href="https://www.benzinga.com/quote/ATSG/earnings">To track all earnings releases for Air Transport Services Gr visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What's Next: Air Transport Services Gr's Earnings Preview

Air Transport Services Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATSG#NASDAQ">ATSG</a>) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $21.25, with a high estimate of $25.00 and a low estimate of $15.00. This upward trend is apparent, with the current average reflecting a 14.86% increase from the previous average price target of $18.50.
<img src="https://www.benzinga.com/files/images/story/2024/1730829686_0_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The perception of Air Transport Services Gr by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Ciarmoli</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$22.50</td>
<td>$15.00</td>
</tr>
<tr>
<td>Rick Paterson</td>
<td>Loop Capital</td>
<td>Raises</td>
<td>Hold</td>
<td>$22.50</td>
<td>$22.00</td>
</tr>
<tr>
<td>Michael Ciarmoli</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$15.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Frank Galanti</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$25.00</td>
<td>$23.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Air Transport Services Gr. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Air Transport Services Gr compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Air Transport Services Gr's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Air Transport Services Gr's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/ATSG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Air Transport Services Gr analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Unveiling the Story Behind Air Transport Services Gr</h2>
Air Transport Services Group Inc along with its subsidiaries operates within the airfreight and logistics industry. It leases aircraft and provides airline operations, ground services, aircraft modification and maintenance, and other support services mainly to the cargo transportation and package delivery industries. The company has two reportable segments namely Cargo Aircraft Management and ACMI Services (Aircraft, Crew, Maintenance, and Insurance). It generates a majority of its revenue from the ACMI services segment.
<h3>Key Indicators: Air Transport Services Gr's Financial Health</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Negative Revenue Trend: Examining Air Transport Services Gr's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -7.73% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: Air Transport Services Gr's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 1.52%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Air Transport Services Gr's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 0.52%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Air Transport Services Gr's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.19% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.16.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Unveiling 4 Analyst Insights On Air Transport Services Gr

Truist Securities analyst Michael Ciarmoli maintains Air Transport Services Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATSG#NASDAQ">ATSG</a>) with a Hold and raises the price target from $15 to $22.5.

Price Target

Truist Securities Maintains Hold on Air Transport Services Gr, Raises Price Target to $22.5

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Canaccord Genuity raised Hims &amp; Hers Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) price target from $24 to $28. Canaccord Genuity analyst Maria Ripps maintained a Buy rating. Hims &amp; Hers Health shares closed at $20.76 on Monday. See how other analysts view this stock.</li>
<li>Benchmark raised the price target for Charter Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) from $440 to $450. Benchmark analyst Matthew Harrigan maintained a Buy rating. Charter Communications shares closed at $375.83 on Monday. <a href="https://www.benzinga.com/quote/CHTR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wells Fargo cut the price target for Celanese Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CE#NYSE">CE</a>) from $165 to $115. Wells Fargo analyst Michael Sison downgraded the stock from Overweight to Equal-Weight. Celanese shares closed at $123.50 on Monday. <a href="https://www.benzinga.com/quote/CE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Telsey Advisory Group slashed Dollar Tree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) price target from $95 to $75. Telsey Advisory Group analyst Joseph Feldman downgraded the stock from Outperform to Market Perform. Dollar Tree shares settled at $66.81 on Monday. <a href="https://www.benzinga.com/quote/DLTR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Susquehanna slashed Lattice Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>) price target from $65 to $55. Susquehanna analyst Christopher Rolland maintained a Positive rating. Lattice Semiconductor shares closed at $51.89 on Monday. <a href="https://www.benzinga.com/quote/LSCC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird cut Navitas Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVTS#NASDAQ">NVTS</a>) price target from $7 to $5. Baird analyst Tristan Gerra maintained an Outperform rating. Navitas Semiconductor shares closed at $2.61 on Monday. <a href="https://www.benzinga.com/quote/NVTS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Loop Capital increased the price target for Air Transport Services Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATSG#NASDAQ">ATSG</a>) from $22 to $22.5. Loop Capital analyst Rick Paterson downgraded the stock from Buy to Hold. Air Transport shares settled at $22.00 on Monday. <a href="https://www.benzinga.com/quote/ATSG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird cut Owens &amp; Minor, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMI#NYSE">OMI</a>) price target from $19 to $14. Baird analyst Eric Coldwell maintained a Neutral rating. Owens &amp; Minor shares closed at $12.00 on Monday. <a href="https://www.benzinga.com/quote/OMI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel boosted the price target for Alkermes plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALKS#NASDAQ">ALKS</a>) from $25 to $36. Stifel analyst Paul Matteis upgraded the stock from Hold to Buy. Alkermes shares closed at $26.59 on Monday. <a href="https://www.benzinga.com/quote/ALKS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Truist Securities boosted MasTec, Inc.. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTZ#NYSE">MTZ</a>) price target from $133 to $173. Truist Securities analyst Jamie Cook upgraded the stock from Hold to Buy. MasTec shares closed at $132.61 on Monday. <a href="https://www.benzinga.com/quote/MTZ/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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Pre-Market Outlook

Markets

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CHTR

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Hims & Hers Health, Inc. Class A Common Stock

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NVTS

Charter Communications To Rally Around 20%? Here Are 10 Top Analyst Forecasts For Tuesday

Loop Capital analyst Rick Paterson downgrades Air Transport Services Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATSG#NASDAQ">ATSG</a>) from Buy to Hold and raises the price target from $22 to $22.5.

Downgrades

Loop Capital Downgrades Air Transport Services Gr to Hold, Raises Price Target to $22.5

U.S. stocks were lower, with the Dow Jones index falling around 300 points on Monday.
Shares of Integra LifeSciences Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IART#NASDAQ">IART</a>) rose sharply during Monday's session after the company reported better-than-expected third-quarter financial results.
Integra Lifesciences reported quarterly earnings of 41 cents per share which beat the analyst consensus estimate of 39 cents per share. The company reported quarterly sales of $380.83 million which beat the analyst consensus estimate of $375.78 million.
Integra LifeSciences shares jumped 24.4% to $23.96 on Monday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Neurogene Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NGNE#NASDAQ">NGNE</a>) shares jumped 43% to $66.22 after the company entered a securities purchase agreement for a PIPE investment, expected to bring in gross proceeds of $200 million.</li>
<li>Air Transport Services Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATSG#NASDAQ">ATSG</a>) gained 26.4% to $22.01 after the company announced it will be acquired by Stonepeak for approximately $3.1 billion, with shareholders receiving $22.50 per share in cash.</li>
<li>Xiao-I Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIXI#NASDAQ">AIXI</a>) rose 24.2% to $7.14. Xiao-I entered into private placement &amp; securities purchase agreement to issue, sell convertible promissory note for $2.1 million.</li>
<li>Disc Medicine, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRON#NASDAQ">IRON</a>) gained 22.9% to $57.93 after the company announced the end of its Phase 2 Bitopertin In Erythropoietic Protoporphyria meeting with the FDA. The company is aligned with the FDA across all proposed study parameters and has a clear development path to registration.</li>
<li>Globalstar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NASDAQ">GSAT</a>) gained 21.8% to $1.6800.</li>
<li>Canopy Growth Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>) rose 16% to $5.64.</li>
<li>The Chemours Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CC#NYSE">CC</a>) gained 14.6% to $20.42 after the company reported better-than-expected quarterly financial results.</li>
<li>Array Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARRY#NASDAQ">ARRY</a>) rose 13.5% to $7.61.</li>
<li>Evotec SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVO#NYSE">EVO</a>) jumped 13.1% to $4.3850.</li>
<li>LexinFintech Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LX#NYSE">LX</a>) gained 12.8% to $3.6100.</li>
<li>Freshpet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRPT#NASDAQ">FRPT</a>) gained 10.9% to $148.32 after the company reported better-than-expected quarterly financial results and raised its full-year adjusted EBITDA outlook.</li>
<li>Bloom Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>) rose 9.4% to $10.88.</li>
<li>Yum China Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>) surged 8.1% to $48.73 after the company reported better-than-expected quarterly EPS and revenues.</li>
<li>Nextracker Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXT#NASDAQ">NXT</a>) gained 8% to $42.75.</li>
<li>Peloton Interactive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTON#NASDAQ">PTON</a>) rose 7.5% to $7.80.</li>
<li>Polestar Automotive Holding UK PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSNY#NASDAQ">PSNY</a>) gained 7.5% to $1.2250.</li>
<li>Chewy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) gained 7.3% to $29.13 after it was announced that the company will join the S&amp;P MidCap 400 prior to the opening of trading on Wednesday, Nov. 6.</li>
<li>Bath &amp; Body Works, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NASDAQ">BBWI</a>) rose 7.2% to $30.99.</li>
<li>Advance Auto Parts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>) gained 5.6% to $ 38.29</li>
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Intraday Update

Movers

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ARRY

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Integra LifeSciences Posts Upbeat Results, Joins Air Transport Services, Freshpet, Yum China And Other Big Stocks Moving Higher On Monday

Air Transport Services Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATSG#NASDAQ">ATSG</a>) shares are trading higher after the company disclosed that it will be acquired by <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41712991/atsg-to-be-acquired-by-stonepeak-for-3-1-billion" rel="noreferrer noopener">Stonepeak </a><a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41712991/atsg-to-be-acquired-by-stonepeak-for-3-1-billion" rel="noreferrer noopener">for around $3.1 billion</a>.
According to the definitive agreement, unanimously approved by ATSG&#8217;s Board of Directors, ATSG common shareholders will receive $22.50 in cash per share.
This purchase price reflects a premium of about 29.3% over ATSG&#8217;s closing share price on November 1, 2024, and a 45.5% premium over the volume-weighted average price (VWAP) of the previous ninety trading days.
Once the transaction is finalized, ATSG&#8217;s shares will no longer be listed on NASDAQ, and the company will operate as a private entity.
The transaction is anticipated to close in the first half of 2025, pending customary closing conditions such as ATSG shareholder approval and regulatory clearances.
According to the terms of the merger agreement, ATSG is permitted to solicit proposals from third parties for 35 days, ending on December 8, 2024, with the option to extend to 50 days, ending on December 23, 2024, in specific circumstances.
Mike Berger, Chief Executive Officer of ATSG, said, &#8220;This transaction reflects the tremendous value of our fleet of in-demand midsize freighter and passenger aircraft, and the strength of our talented teams across ATSG&#8217;s businesses.&#8221;
&#8220;With Stonepeak&#8217;s investment and extensive expertise in transportation and logistics and asset leasing, ATSG will be well positioned to further expand its global presence in the air cargo leasing market and enhance its service offerings to customers.&#8221;
The company plans to announce its third-quarter 2024 financial results before the market opens on November 8, 2024, and file its 10-Q <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">after the market closes that day</a>.
Price Action: ATSG shares are up 26.6% at $22.02 at the last check Monday.
Photo via Shutterstock
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Equities

Mid Cap

Stonepeak Lands ATSG In $3.1 Billion Deal, Offering 29% Premium: Details

<h3>Gainers</h3>
<ul>
<li>Simpple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPPL#NASDAQ">SPPL</a>) shares rose 73.3% to $0.55 during Monday's regular session. The market value of their outstanding shares is at $8.9 million. </li>
<li>Staffing 360 Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STAF#NASDAQ">STAF</a>) shares increased by 66.47% to $2.83. The company's market cap stands at $2.5 million. </li>
<li>Air Transport Services Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATSG#NASDAQ">ATSG</a>) stock increased by 26.42% to $22.0. The company's market cap stands at $1.4 billion. </li>
<li>Vast Renewables (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSTE#NASDAQ">VSTE</a>) shares moved upwards by 20.2% to $5.77. The market value of their outstanding shares is at $172.9 million. </li>
<li>Plug Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) stock moved upwards by 12.01% to $2.34. The market value of their outstanding shares is at $2.0 billion. </li>
<li>Addentax Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATXG#NASDAQ">ATXG</a>) shares increased by 9.38% to $0.68. The market value of their outstanding shares is at $4.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>1847 Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#AMEX">EFSH</a>) stock declined by 37.6% to $0.29 during Monday's regular session. </li>
<li>Northann (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NCL#AMEX">NCL</a>) stock decreased by 15.1% to $0.19. The company's market cap stands at $5.5 million. </li>
<li>Ryde Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/RYDE#AMEX">RYDE</a>) shares decreased by 14.46% to $0.47. The market value of their outstanding shares is at $12.3 million. </li>
<li>Zoomcar Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) stock declined by 14.34% to $4.33. The market value of their outstanding shares is at $3.2 million. </li>
<li>Antelope Ent Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHL#NASDAQ">AEHL</a>) shares fell 13.87% to $0.25. The company's market cap stands at $3.7 million. </li>
<li>Nikola (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKLA#NASDAQ">NKLA</a>) stock fell 11.52% to $3.32. The company's market cap stands at $202.2 million. As per the news, the Q3 earnings report came out 2 days ago. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Monday's Intraday Session

Shares of Yum China Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>) rose sharply in today's pre-market trading after the company reported better-than-expected third-<a href="https://www.benzinga.com/news/earnings/24/11/41709548/yum-china-q3-earnings-surprise-kfc-pizza-hut-power-earnings-beat-reiterates-capex-plan-to-open-1-50">quarter EPS and revenues</a>.
Revenue increased 5% year over year to $3.07 billion, beating the consensus of $3.05 billion. Adjusted EPS of $0.77 surpassed the street view of $0.68.
Yum China shares rose 8.3% to $48.83 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Staffing 360 Solutions Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STAF#NASDAQ">STAF</a>) gained 116.5% to $3.68 in pre-market trading after the company and Atlantic International entered a merger agreement.</li>
<li>Nuwellis Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUWE#NASDAQ">NUWE</a>) rose 69.9% to $2.31 in pre-market trading after the company announced preliminary results for the third quarter.</li>
<li>Singular Genomics Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMIC#NASDAQ">OMIC</a>) shares surged 61.1% to $21.68 in pre-market trading.</li>
<li>Vast Renewables Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSTE#NASDAQ">VSTE</a>) climbed 55.2% to $7.45 in pre-market trading after jumping 140% on Friday.</li>
<li>NLS Pharmaceutics AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NLSP#NASDAQ">NLSP</a>) gained 41.5% to $5.11 in pre-market trading after the company announced it entered into a definitive merger agreement with Kadimastem and will issue shares of its common stock for the transaction.</li>
<li>Advent Technologies Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADN#NASDAQ">ADN</a>) gained 34.6% to $2.56 in pre-market trading after the company announced its RHyno project secured a €34.5 million grant from the EU Innovation Fund to advance fuel cell and hydrogen technology.</li>
<li>Air Transport Services Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATSG#NASDAQ">ATSG</a>) shares rose 22.9% to $21.39 in pre-market trading after the company agreed to be acquired by Stonepeak for $3.1 billion.</li>
<li>Castellum Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTM#NYSE">CTM</a>) gained 17.3% to $0.17 in pre-market trading after the company reported a year-over-year increase in third-quarter financial results.</li>
</ul>
Alarum Technologies Ltd &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAR#NASDAQ">ALAR</a>) gained 16.6% to $14.39 in pre-market trading.
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>1847 Holdings LLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#NASDAQ">EFSH</a>) shares tumbled 33.5% to $0.3080 in pre-market trading. 1847 Holdings announced a 1-for-15 reverse split.</li>
<li>Edesa Biotech Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDSA#NASDAQ">EDSA</a>) shares fell 19.7% to $2.57 in pre-market trading.</li>
<li>Centrus Energy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEU#NYSE">LEU</a>) dipped 13.8% to $94.30 in pre-market trading after the company announced a proposed private offering of $350 million of convertible senior notes due 2030.</li>
<li>TG Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TGTX#NASDAQ">TGTX</a>) shares fell 12.6% to $23.50 in pre-market trading after the company reported third-quarter results.</li>
<li>Sify Technologies Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIFY#NASDAQ">SIFY</a>) declined 11.5% to $2.77 in pre-market trading after declining around 5% on Friday.</li>
<li>Napco Security Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NSSC#NASDAQ">NSSC</a>) fell 10.6% to $34.50 in today's pre-market trading after the company announced downbeat quarterly results.</li>
<li>Constellation Energy Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) shares dipped 8.8% to $235.40 in pre-market trading.</li>
<li>Talen Energy Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLN#NASDAQ">TLN</a>) fell 8.5% to $159.00 in pre-market trading after the company announced it is evaluating options after FERC rejected the amended Susquehanna Interconnection Service Agreement to increase co-located load capacity at the Susquehanna nuclear power generation facility from 300 megawatts to 480 megawatts.</li>
<li>Oklo Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) fell 8.4% to $19.85 in pre-market trading after the company reported third-quarter financial results and issued FY24 adjusted EPS guidance below estimates.</li>
<li>Capital Southwest Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSWC#NASDAQ">CSWC</a>) fell 7.7% to $22.10 in pre-market trading after announcing a proposed convertible notes offering.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/11/41685620/top-3-energy-stocks-that-are-preparing-to-pump-in-november">Top 3 Energy Stocks That Are Preparing To Pump In November</a></li>
</ul>

ALAR

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Why Yum China Shares Are Trading Higher By Around 8%; Here Are 20 Stocks Moving Premarket

WIIM

Air Transport Services Group shares are trading higher after the company announced it will be acquired by Stonepeak for approximately $3.1 billion, with shareholders receiving $22.50 per share in cash.

Contracts

Air Transport Services Group Announced That It Will Be Acquired by Stonepeak For Apx $3.1B With Shareholders Receiving $22.50 Per Share In Cash

Trading Halt: Halted at 8:27:53 a.m. ET - Trading Halt: Halt News Pending

<h3>Gainers</h3>
<ul>
<li>1847 Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#AMEX">EFSH</a>) stock moved upwards by 51.4% to $1.68 during Friday's after-market session. The market value of their outstanding shares is at $1.1 million. </li>
<li>Primech Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PMEC#NASDAQ">PMEC</a>) shares rose 7.25% to $0.75. The company's market cap stands at $28.3 million. </li>
<li>Momentus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNTS#NASDAQ">MNTS</a>) shares moved upwards by 4.97% to $0.43. The market value of their outstanding shares is at $10.9 million. </li>
<li>XCHG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XCH#NASDAQ">XCH</a>) shares increased by 4.94% to $14.22. The company's market cap stands at $843.5 million. </li>
<li>Guardforce AI Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFAI#NASDAQ">GFAI</a>) stock moved upwards by 3.38% to $1.22. The company's market cap stands at $14.4 million. </li>
<li>Smart Powerr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CREG#NASDAQ">CREG</a>) stock rose 2.38% to $0.86. The market value of their outstanding shares is at $7.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>ConnectM Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNTM#NASDAQ">CNTM</a>) stock decreased by 7.5% to $0.99 during Friday's after-market session. The company's market cap stands at $24.6 million. </li>
<li>Graphex Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GRFX#AMEX">GRFX</a>) shares fell 7.28% to $0.29. The company's market cap stands at $14.4 million. </li>
<li>Air Transport Services Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATSG#NASDAQ">ATSG</a>) shares decreased by 5.98% to $14.0. The market value of their outstanding shares is at $920.6 million. </li>
<li>Clean Energy Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETY#NASDAQ">CETY</a>) stock decreased by 4.35% to $0.88. The market value of their outstanding shares is at $39.2 million. </li>
<li>Nature's Miracle Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMHI#NASDAQ">NMHI</a>) shares decreased by 3.45% to $0.14. The market value of their outstanding shares is at $4.4 million. </li>
<li>Sidus Space (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIDU#NASDAQ">SIDU</a>) shares declined by 3.23% to $2.65. The company's market cap stands at $11.0 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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